GermanyThe Group of Seven Finance Ministers issued a joint communiqué following a meeting in Germany, highlighting their commitment to a coordinated sanctions response to Russia’s aggression and support for the Financial Action Task Force’s ongoing efforts to enhance beneficial ownership transparency.
Deutsche Bundesbank President Joachim Nagel delivered the keynote address at the International Economic Symposium, highlighting that sanctions in response to Russia’s invasion of Ukraine are distorting various supply chains.
Midweek Roundup: FinCEN Issues ATM Advisory, Australian FIU Chief Voices FATF Concerns, and More
EU officials target Russia’s gold purchases, Vancouver lawyer suspended for AML failures, and more, in the midweek roundup.
Latvia parts ways with FIU chief, Credit Suisse in hot water back home, and more, in the weekly roundup.
The Federal Financial Supervisory Authority of Germany ordered the Hessen, Germany-based bank to implement adequate internal anti-money laundering and counterterrorist financing controls.
Germany’s Federal Financial Supervisory Authority issued an order requiring the Berlin, Germany-based bank to take measures to remedy risk management shortcomings with regard to information technology and outsourcing management.
| Technical | Effectiveness |
|---|---|
| Compliant : 5 | High : |
| Largely Compliant : 24 | Substantial : |
| Partially Compliant : 15 | Moderate : |
| Non-Compliant : 5 | Low : |
| Rank : 107/141 |
| Score : 4.42/10 |
| Rank : 9/179 |
| Score : 80/100 |
| Rank : 14/133 |
| Score : 52/100 |