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Government Collapse, Political Impasse Threaten AML Reforms in Germany

Koos Couvée
London Bureau Chief
Gabriel Vedrenne
Senior Reporter

The collapse of Germany's three-party ruling coalition has thrown the future of a new federal anti-financial crime agency, civil asset-forfeiture proposal and other planned anti-money laundering reforms into doubt. On Nov. 6, after months of infighting, Chancellor Olaf Scholz of the Social Democrats fired Finance Minister Christian Lindner of the liberal Free Democratic Party, or FDP, casting Europe's largest economy and most populous nation into political chaos and setting the stage for a federal election and new ruling coalition in the months ahead. The collapse follows more than a year of debate in the Bundestag that all but promises to...

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