- The government has announced plans to crack down on financial crime in a bid to end what Finance Minister Christian Lindner called Germany’s “reputation as a money laundering paradise.”
- The paper released by Lindner’s ministry on Thursday boiled down to three initiatives: the creation of a new federal authority to fight financial crime, a pledge to train more experts, and a pledge to accelerate the digitization and interconnection of the relevant property registers and records.
- The new federal financial crime agency, as it is called in the paper, is meant to bundle and develop expertise and focus on what the ministry calls a “follow-the-money approach.”
Germany announces crackdown on money laundering 26.08.2022
