DE - Anti Financial Crime Alliance in Germany


On 24 September 2019, BaFin launched the Anti Financial Crime Alliance (AFCA) together with the Financial Intelligence Unit (FIU), the Federal Criminal Police Office and 14 banks.

As a public-private partnership, these public authorities and banks are seeking to strengthen and coordinate the fight against money laundering and terrorist financing under the FIU’s leadership. The FIU is the central unit in Germany for reporting suspected cases of money laundering. Banks are required by law to prevent abuse of the financial system for money laundering and terrorist financing purposes. BaFin, in turn, supervises the banks, also in terms of the prevention of money laundering. The Federal Criminal Police Office is responsible for ensuring that those involved in money laundering or terrorist financing are prosecuted.

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