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