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13 February 2020

Financial markets

First National Risk Assessment

In December 2017, Germany launched its first National Risk Assessment as part of its efforts to combat money laundering and terrorist financing (AML/CFT). A total of 35 federal and Land authorities were involved in the assessment, which was led by the Federal Ministry of Finance.

  • Version 13 February 2020
  • Product number BMF50301
Cover: First National Risk Assessment
  • Version 13 February 2020
  • Product number BMF50301

The main purpose of the assessment is to identify and counteract current and future AML/CFT risks in Germany. It also aims to enhance risk awareness and information-sharing among all public and private stakeholders.

The National Risk Assessment analyses the most important risk areas for money laundering and terrorist financing in Germany. These include possibilities for conducting anonymous transactions; the real estate sector; the banking sector (especially correspondent banking and the risk of international money laundering activities); cross-border activities; and money or value transfer services (because they are cash-intensive).

Under section 5 (1) of the Money Laundering Act (Geldwäschegesetz), obliged entities under the Money Laundering Act must take the National Risk Assessment’s findings into account when conducting their own risk assessments. The assessment’s findings will also feed into future legislation.