Experts fear: Germany remains a paradise for money launderers


November 7 2019

Lawyer Achim Diergarten is a profound connoisseur of German money laundering legislation. Reading the recently published by the Federal Ministry of Finance study entitled “First national risk analysis to combat money laundering and terrorist financing” he stumbled on the following sentence: Germany attaches great importance to the prevention of money laundering and terrorist financing. “If that were the case, then the question arises as to why real estate purchases can still be settled with cash payments,” he wrote in his newsletter