Germany : Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

Author/Editor:

International Monetary Fund

Publication Date:

March 24, 2010

Electronic Access:

Free Full Text (PDF file size is 2142 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Detailed Assessment Report reviews antimoney laundering and combating the financing of terrorism (AML/CFT) measures for Germany. The report reveals that Germany has introduced a number of measures in recent years to strengthen its AML/CFT regime. Germany has generated a relatively large number of prosecutions for money laundering and orders to confiscate assets. These achievements occurred even though Germany has shortcomings identified in this assessment against the Financial Action Task Force (FATF) 40 + 9 Recommendations. There are also weaknesses in the legal framework and in sanctioning for noncompliance with AML/CFT requirements.

Series:

Country Report No. 10/78

Subject:

English

Publication Date:

March 24, 2010

ISBN/ISSN:

9781451981810/1934-7685

Stock No:

1DEUEA2010001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

372

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