Unfortunately, it is not enough to keep claiming that money laundering should be combated – it has to be done.
Money laundering has not been combated for decades. Money laundering finances organised crime and terrorism. It causes considerable economic damage and endangers fair economic competition.
Money laundering endangers democracy and the rule of law
- Integrated Security for Germany – Anti Mony Laundering
“Providing security for its citizens is the most important job of every state, of every society.
Without security there can be no freedom, nostability, no prosperity.”
We will improve the transparency of asset relationships in order to combat money laundering more effectively, to better implement sanctions regimes and to be able to identify land acquisitions for security-endangering purposes in good time. This will also contribute to a better security policy understanding of financial and economic influence. In addition, efforts are being made to optimise anti-money laundering structures and their resources (page 55).
The Federal Government continues to work at national, international and EU level to sharpen existing measures to combat financial crime and money laundering and, if necessary, to create supplementary ones in order to identify financial flows in the area of organised crime even better and to further close gaps in the traceability of criminally obtained funds and assets. We do this in particular within the framework of the Financial Action Task Force (FATF). In this way, we are helping to ensure that criminals cannot use their illegally acquired assets and that they are deprived of them (pages 56-57).
At the national level, the Federal Government will strengthen the strategic approach against financial crime and money laundering in terms of organisation and personnel. In order to effectively combat money laundering, responsibilities will also be reviewed and the recommendations from the FATF German audit will be swiftly implemented into German law where necessary (page 57).
National Security Strategy – EU-14.6.2023.1
The War on Money Laundering has Failed