New structure in the fight against money laundering and terrorist financing (in German)
In the fight against money laundering, the Financial Action Task Force (FATF) gave the German government a poor report card in August 2022. A fragmented authority structure and a focus on predicate offenses such as theft or fraud instead of investigating suspicious financial flows were the main points of criticism. The finance minister vowed to do better. Now the federal government's plans are taking shape. Klaus-Dieter Sohn, Head of the Legal Department, looks at the current status.