German fintech N26 reveals regulatory scrutiny has cost billions in lost growth. Now focusing on profitability and sustainable client portfolios, the company aims for a turnaround in 2023.
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The details of a major international operation targeting a Maltese financial institution accused of laundering money for a Russian-Eurasian criminal network.
Europe, which has many wealthy countries, has become a favorite of money laundering criminals, especially with the development of technology in recent years.
At the last general assembly meeting of the FATF, which was held with delegates from more than 200 jurisdictions between 14-17 June 2022, the sanctions to be applied to Russia, the evaluation of Germany and the Netherlands were discuss.
The German Federal Government has prepared the Draft Law for the Effective Trial of Money Laundering to implement the EU's 6th AML Directive.
There are some regulations for money laundering risks in crypto exchanges in Germany.
As the Federal Financial Supervisory Authority of Germany, BaFin plays a crucial role in combating money laundering and terrorist financing.
Germany is one of the most effective and systematic countries to fight against money laundering and terrorist financing.