IMF Staff Country Reports

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

July 20, 2004

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International Monetary Fund. "Germany: Report on the Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism", IMF Staff Country Reports 2004, 213 (2004), accessed May 15, 2025, https://doi.org/10.5089/9781451810387.002

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Summary

This report reviews the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering (AML) and Combating the Financing of Terrorism on Germany. In preparing the detailed assessment, assessors reviewed relevant AML and counterterrorist financing (CFT) laws and regulations; the supervisory and regulatory systems in place for banks, foreign exchange, securities, insurance, and money remittance; and criminal law enforcement systems. Germany is reviewing new legislation to re-address the issue of the criminalization of terrorist financing.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Financial institutions, Financial services, Insurance companies, Money laundering, Terrorism financing

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Authority, BaFin, Beneficial owner, Correspondent EU regulation, CR, Criminal offence, Customs authorities, Financing, Insurance companies, ISCR, Money laundering, Prosecution authority, Seizure authority, State regulator, Terrorism financing

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