Germany has drawn criticism from the Financial Action Task Force (FATF) for not doing enough to tackle money laundering, such as not implementing reforms to its anti-money laundering and counter financing of terrorism (AML/CFT) regime and prosecuting very few for money laundering.

In its Mutual Evaluation Report Germany-2022, the FATF also says the world’s fourth largest economy is vulnerable to terrorist financing threats posed by hawala money value transfer services (MVTS).

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