Kiev. Ukraine. Ukraine Gate – January 5, 2021 – International News
Germany is becoming less convenient for money laundering, the Financial Sector Supervisory Authority said. In 2020, the number of banks under the so-called intensive surveillance increased, with over 30 banks in Germany under intense surveillance to prevent money laundering. It is a “motley mixture” of financial institutions from various fields, Torsten Pötzsch, spokesman for the Federal Office for the Supervision of the Financial Sector (BaFin), told the business publication Börsen-Zeitung on Tuesday 5 January.
This procedure became known about a year ago. During this time, the number of banks in relation to which it is applied has slightly increased.
“If you think of Germany as a real money laundering paradise, then paradise is becoming less and less comfortable,” Pötzsch said. In general, the German financial sector is well equipped to deal with such crimes thanks to improved information sharing, greater risk awareness and the expansion of the Financial Intelligence Unit (FIU). However, the threat level remains high, the expert added.
