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Germany at Electoral, AML Crossroads

Gabriel Vedrenne
Senior Reporter

Germany's largest political parties have taken opposite positions on a plan pitched two-and-a-half years ago to create a new, overarching federal anti-money laundering agency, weeks from an election that will determine who will lead the country going forward. Still in the hot seat following a lukewarm global assessment of Germany's laws, regulations and overall campaign against financial crime, the country's then-ruling coalition unveiled a raft of reforms and upgrades in August 2022, with the proposed establishment of the new agency, the Federal Office for Fighting Financial Crime, or BBF, taking center stage. Except the agency, originally envisioned as a sort...

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