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

Publication Date:

July 20, 2004

Electronic Access:

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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.

Series:

Country Report No. 2004/213

Subject:

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