European Parliament Library

Germany :, Detailed Assessment Report on Anti-Money Laundering and Combating the Financing of Terrorism

This Detailed Assessment Report reviews antimoney laundering and combating the financing of terrorism (AML/CFT) measures for Germany. The report reveals that Germany has introduced a number of measures in recent years to strengthen its AML/CFT regime. Germany has generated a relatively large number of prosecutions for money laundering and orders to confiscate assets. These achievements occurred even though Germany has shortcomings identified in this assessment against the Financial Action Task Force (FATF) 40 + 9 Recommendations. There are also weaknesses in the legal framework and in sanctioning for noncompliance with AML/CFT requirements
Table Of Contents
CONTENTS; ACRONYMS; Preface; Executive Summary; 1. General; 1.1. General Information on Germany; STATISTICAL TABLES; FIGURES; 1.2. General Situation of Money Laundering and Financing of Terrorism; 1.3. Overview of the Financial Sector; 1.4. Overview of the DNFBP Sector; 1.5. Overview of commercial laws and mechanisms governing legal persons and arrangements; 1.6. Overview of strategy to prevent money laundering and terrorist financing; 2. LEGAL SYSTEM AND RELATED INSTITUTIONAL MEASURES; 2.2. Criminalization of Terrorist Financing (SR.II)
Literary Form
non fiction
"February 2010."
Physical Description
1 online resource (374 p.)
Specific Material Designation
Form Of Item

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