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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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
Pages:
14
Volume:
2004
DOI:
Issue:
213
Series:
Country Report No. 2004/213
Stock No:
1DEUEA0012004
ISBN:
9781451810387
ISSN:
1934-7685
