Germany plans to create a national financial crime authority with the aim of effectively fighting white-collar crime, vigorously enforcing sanctions and overcoming its reputation as a money-laundering hub. A central element of the plan is to bundle the most important… Read More ›

Germany
Germany could do more to tackle money laundering says FATF
Germany has drawn criticism from the Financial Action Task Force (FATF) for not doing enough to tackle money laundering, such as not implementing reforms to its anti-money laundering and counter financing of terrorism (AML/CFT) regime and prosecuting very few for… Read More ›
Credit Suisse documents prompt calls for Switzerland to be considered for inclusion on EU’s AML/CFT blacklist
The European People’s Party (EPP), the conservative grouping which holds the biggest number of seats in the European Parliament, has called for a review of Switzerland’s banking practices and for the country’s possible inclusion in the EU’s list of countries… Read More ›
Targeting IFFs would make wildlife and environmental crimes high-risk, low profit undertakings, CITE’s chief tells FATF conference
Engaging in partnerships to bring together expertise in wildlife trade and money laundering is absolutely necessary to curb illicit financial flows (IFFs) associated with wildlife and other environmental crimes according to the secretary-general of the Convention on International Trade in… Read More ›
Fraud based on vegetable oil trade in Poland and Germany revealed
Investigators in Poland and Germany have unearthed a fraud scheme that revolved around the trade of vegetable oil and caused the Polish treasury to lose an estimated €17.8 million (US$21.8 million) in tax. Poland’s Centralne Biuro Antykorupcyjne (Polish Central Anti-Corruption… Read More ›