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Money services businesses can expect tougher anti-money laundering supervision in Germany ahead of a global assessment of the country's controls against illicit finance in October, a senior official told ACAMS moneylaundering.com. Jens Furhoff, head of money laundering prevention at Germany's Federal Financial Supervisory Authority, or BaFin, said his agency has identified improving MSB compliance as a top priority for 2020, alongside monitoring cryptocurrency firms for AML purposes and raising the quality of suspicious transaction reporting in general. BaFin concluded in a national risk assessment last year that the high threat of financial crime that MSBs face, and present, stems from...