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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Format: Chicago

Germany: Report on the Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2004) accessed November 17, 2024

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

Publication Details

Pages:

14
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/213
Stock No:

1DEUEA0012004
ISBN:

9781451810387
ISSN:

1934-7685

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