BaFin reports significant AML gaps at German financial firms

In a summary of findings from inspection visits, published 26 February, BaFin, the German financial services regulator, says it "regularly observed" that anti-money laundering (AML) officers lacked sufficient resources to do their job properly.

In a summary of findings from inspection visits, published 26 February [2025], BaFin, the German financial services regulator, says it "regularly observed" that anti-money laundering (AML) officers lacked sufficient resources to do their job properly.