Germany is making progress in establishing its new Anti-Money Laundering (AML) super agency, the Federal Office for Combating Financial Crime (BBF). A meeting of European experts was held at the Federal Ministry of Finance in Berlin to discuss “Financial intelligence in the international fight against money laundering.”
Key speakers at the meeting included Dr. Marcus Pleyer, who is leading Germany’s project to set up the BBF, and Daniel Thelesklaf, the new head of the Financial Intelligence Unit (FIU) in Germany. The meeting provided a platform for local and international experts to exchange views on AML and financial intelligence.
The German financial capital, Frankfurt, has been actively vying to host Europe’s new AML Authority (AMLA), as reported in AML Intelligence.
During the Berlin meeting, a panel discussion took place with FIU leaders from the Netherlands and Luxembourg, including Hennie Verbeek-Kusters, head of Holland’s FIU, and Max Braun from the Luxembourg FIU. The panel also featured Jérôme Beaumont, executive secretary of the Egmont Group, and Markus Herbrand, Financial Policy spokesman of the FDP parliamentary group. The discussion emphasized the special role of FIUs in combating financial crime and stressed the importance of a risk-based approach for their effective functioning.
The BBF is designed to bring together FIU analysis, criminal investigations, and supervisory coordination in a single entity, enabling a comprehensive approach to combating money laundering. This approach is aligned with the concept of “Follow-The-Money.”
Dr. Pleyer also discussed the battle against financial crime during a session with Finance Minister Marcus Optendrenk from the state of North Rhine-Westphalia, Alexandra Jour-Schroeder from the European Commission’s Directorate-General for Financial Services, and Deputy General Prosecutor Andrés Ritter from the European Public Prosecutor’s Office. The discussion centered on the need for effective cooperation among various authorities, including AML and prudential supervisors, Financial Intelligence Units, law enforcement agencies, tax authorities, and customs.
The group also considered the importance of cross-border cooperation within Europe and beyond, the role of the upcoming EU Anti-Money Laundering Authority (AMLA), and the value of collaboration with the private sector, particularly through public-private partnerships like the Anti Financial Crime Alliance (AFCA) in Germany. They acknowledged challenges related to data protection and data quality and discussed potential solutions offered by digital tools.
By FCCT Editorial Team freeslots dinogame telegram营销
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