No New Authority - Klingbeil Wants to Combat Money Laundering Better Through Customs Reform
2 Articles
2 Articles
Germany has been criticising too little money laundering internationally for years. The traffic lights coalition failed with its plans to build a new Federal Office. Finance Minister Lars Klingbeil (SPD) now has his own plans.
Federal Finance Minister Lars Klingbeil (SPD) does not intend to establish a new agency to combat money laundering, unlike the previous government, but is instead focusing on rapid reforms within the customs service. "I have decided to strengthen the established structures of the customs service and thus make it even more effective in the fight against money laundering, as well as terrorist and proliferation financing," Klingbeil writes in a let…
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