THE PAYPERS, 23.07.2020
In its latest report, the International Financial Action Task Force (FATF) confirmed that Germany has made ‘sufficient progress’ in the prevention of money laundering and the financing of terrorism (AML/CFT). Sufficient perhaps, but probably not good enough, because after the Wirecard scandal, the money laundering experts from the FATF are likely to have new questions in the upcoming audits and investigations. In addition to the accusations of fraud, including the missing 1.9 billion euros, and the suspicion of market manipulation, the Aschheim headquartered company is currently being bombarded with charges of ‘money laundering’. Among other things, the charges concern financial transactions of fraudulent trading sites and shady online gambling providers.
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