Effectively Combating the Financing of Terrorism and Money Laundering
The financial assets of organised crime have reached the dimensions of a national economy. Their annual profits are estimated at up to hundreds of billions of US dollars. The concealment of the illegal source of this money and putting it back into the legal financial cycle are of vital importance to the groups, who operate mostly transnationally. The fight against money laundering is therefore an effective assault on the structures of organised crime.
More information to this subject in the annual reports.
Please have a look:
- Money Laundering Act
This English version in question is just a draft translation meant to serve as an aid. Authoritative is only the German version of the Money Laundering Act that is posted on the Internet and has also been published in our Bundesgesetzblatt (Federal law Gazette).