In order to make the fight against money laundering in Germany more effective, the German government has published a draft law to improve the fight against financial crime. A new Federal Office for Combating Financial Crime (BBF) is to coordinate the supervisory authorities and assist with audits.
As a result, companies are scrutinised more closely for compliance with money laundering regulations.
In a guest article in DUP Magazine, Dr Jacob Wende explains what measures will be necessary in the future and gives five tips on money laundering prevention for SMEs.
You can read the entire article here read.
Deutsch 
English (UK)