Germany : Report on Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

Author/Editor:

International Monetary Fund

Publication Date:

March 26, 2010

Electronic Access:

Free Full text (PDF file size is 428 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This report reviews observance of standards and codes on the Financial Action Task Force (FATF) Recommendations for antimoney laundering and combating the financing of terrorism (AML/CFT) for Germany. The report reveals that the AML/CFT framework is not fully in line with the FATF Recommendations. There are weaknesses in the legal framework and in sanctioning for noncompliance with AML/CFT requirements. German authorities regularly use a broad range of legal procedures to seize, confiscate, and forfeit property, but they confiscate and forfeit a lot less property than the courts issue orders for.

Series:

Country Report No. 10/79

Subject:

English

Publication Date:

March 26, 2010

ISBN/ISSN:

9781451981827/1934-7685

Stock No:

1DEUEA2010002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

15

Please address any questions about this title to publications@imf.org