There have been a number of key developments in Germany to strengthen the country’s anti-money laundering/combating the financing of terrorism (AML/CFT) and sanctions regulations.
The announcement of a new state department – the Federal Financial Crime Agency (FFCA) – is a welcome change in what is clearly an area of great political importance to German policymakers.
The FFCA establishes a much-needed centralized body that brings AML/CFT competencies under one roof. Download this eBook to dive deeper into:
- What is driving this renewed focus on sanctions and AML/CFT?;
- Where do Germany’s current financial crime regulations stand? What areas of concern remain to be addressed?;
- The global challenges of financial crime compliance and the impact regulatory changes will have on organizations in the private sector.