money laundering

money laundering

Money laundering in Germany behind high housing prices, terrorism: intelligence unit

Of the almost 60,000 reports of money laundering in Germany in 2017 only 474 cases resulted in judgements, sentences and indictments. How is Germany fighting against the money laundering which is financing terrorists and criminals in Europe and beyond?

money laundering

Over €100 billion laundered in Germany every year: report

Germany is considered an El Dorado for criminals who want to launder their money, a study for the Finance Ministry has found.

iran

Customs catch Iranian with €54 million cheque

Customs officers confiscated a foreign currency cheque worth €54 million on Friday after catching an Iranian man trying to smuggle it illegally into the country at Dusseldorf airport.

Crime

Money laundering reports up by 17 percent

One area of finance which seems to be posting huge growth in Germany despite the economic crisis is money laundering, reports of which increased by around 17 percent during 2011, new figures show.