GERMANY SEES RECORD SPIKE IN MONEY LAUNDERING CASES

On 18 August, Deutsche Welle reported that Germany’s FIU says suspected cases of money laundering and terrorist financing jumped by 50% in 2019.  The real estate market is especially vulnerable when it comes to suspicious transactions. It registered a record 114,914 suspected cases of money laundering and financing of terrorism last year – a jump of almost 50% compared to the previous year.

https://www.dw.com/en/germany-sees-record-spike-in-money-laundering-cases-report/a-54603783

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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