Germany's progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

Germany

Filename
Germany-Follow-Up-Report-2023.pdf
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3 MB
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application/pdf
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7 December 2023 - Germany has made progress in addressing the technical compliance deficiencies identified in its Mutual Evaluation in relation to Recommendations 6 and 7.

Because of this progress, Germany has been re-rated on these Recommendations:

  • Recommendation 6 is re-rated from Partially Compliant to Largely Compliant
  • Recommendation 7 is re-rated from Partially Compliant to Largely Compliant

Germany has 17  Recommendations rated Compliant and 20  rated Largely Compliant. Three Recommendations remain Partially Compliant.

The country will report back to the FATF on progress achieved in improving the implementation of its AML/CFT measures in October 2024. 

 

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

Germany - Follow-Up Report - 2023

missOrigin

R.1 - Assessing risk & applying risk-based approach
LC
R.2 - National cooperation and coordination
LC
R.3 - Money laundering offence
C
R.4 - Confiscation and provisional measures
C
R.5 - Terrorist financing offence
LC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
LC
R.7 - Targeted financial sanctions related to proliferation
LC
R.8 - Non-profit organisations
LC
R.9 - Financial institution secrecy laws
C
R.10 - Customer due diligence
LC
R.11 - Record keeping
C
R.12 - Politically exposed persons
LC
R.13 - Correspondent banking
PC
R.14 - Money or value transfer services
LC
R.15 - New technologies
LC
R.16 - Wire transfers
C
R.17 - Reliance on third parties
LC
R.18 - Internal controls and foreign branches and subsidiaries
LC
R.19 - Higher-risk countries
C
R.20 - Reporting of suspicious transactions
C
R.21 - Tipping-off and confidentiality
C
R.22 - DNFBPs: Customer due diligence
LC
R.23 - DNFBPs: Other measures
C
R.24 - Transparency and beneficial ownership of legal persons
PC
R.25 - Transparency and beneficial ownership of legal arrangements
LC
R.26 - Regulation and supervision of financial institutions
LC
R.27 - Powers of supervisors
C
R.28 - Regulation and supervision of DNFBPs
LC
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
C
R.31 - Powers of law enforcement and investigative authorities
C
R.32 - Cash couriers
C
R.33 - Statistics
PC
R.34 - Guidance and feedback
LC
R.35- Sanctions
LC
R.36 - International instruments
LC
R.37 - Mutual legal assistance
C
R.38 - Mutual legal assistance: freezing and confiscation
C
R.39 - Extradition
C
R.40 - Other forms of international cooperation
LC

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Earlier reports

Germany's measures to combat money laundering and terrorist financing

25 Aug 2022

Germany faces significant terrorist financing risks and has a good track record of investigating, prosecuting and disrupting financing activity as part of a holistic approach to combating terrorism.
Read more

  • 27 Jun 2014

    Mutual Evaluation of Germany: 3rd Follow-up Report Germany has made sufficient progress in addressing the deficiencies identified in its 2010 mutual evaluation report. The FATF Plenary decided at its June 2014 meeting that the country could be removed from the regular follow-up process. This follow-up report contains a detailed description and analysis of the actions taken by Germany to strengthen its anti-money laundering and countering the financing of terrorism framework.

  • 19 Feb 2010

    Mutual Evaluation of Germany 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.

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