This report summarises the anti-money laundering and counter-terrorist financing measures (AML/CFT) that were in place in Germany at the time of the on-site visit (15 May – 5 June 2009) and immediately thereafter. It describes and analyses these measures and offers recommendations on how to strengthen certain aspects of the system. It also assesses Germany’s level of compliance with the 40+9 Recommendations of the FATF.

Among the outcomes of the FATF Plenary year 2002-2003 were the completion of the review of the Forty Recommendations and the admission of South Africa and the Russian Federation as full members of the FATF.