News

Germany is scheduled for evaluation by the Financial Action Task Force, or FATF, in Autumn 2020, prior to which the country must officially gauge its exposure to money launderers, terrorist financiers, corrupt officials and their professional facilitators. Germany's Finance Ministry fulfilled that obligation Monday by publishing a national risk assessment that acknowledges several of the country's well-known shortcomings, such as its general failure to govern real estate for anti-money laundering purposes and fully address the threat of cross-border illicit finance that comes with its status as the EU's export champion. "In the context of its high economic attractiveness, high involvement...