Germany's controls against money laundering, terrorist financing and other financial crimes have improved dramatically since 2010, but sometimes only on paper, as erratic supervision, prosecution and enforcement limit the impact of those upgrades in practice.
Germany's federal government on Wednesday announced a new draft law to strengthen enforcement of sanctions against Russia. The bill envisages the creation of a new federal unit to manage asset freezes and coordinate the implementation of financial and trade embargoes, among other measures.