Crime – Schäuble upgraded in the fight against money laundering – Süddeutsche.de

• With a spiked and reorganized Financial Intelligence Unit wants Finance Minister Schaeuble improve the prosecution of money laundering.
• The unit will in future be located at the customs and clearly independent work than before.

Real estate, arts, cars – and of course, accounts, accounts, accounts. When it comes to disguise the cash flows behind their dark shops, criminals are very creative. At the same time they prefer for their financial transactions stable and secure, economically strong countries like Germany.

Against such financial transactions Finance Minister Wolfgang Schaeuble wants to proceed more intensively and especially effective, reports Handelsblatt . For this purpose an existing troop of specialized investigators, called Financial Intelligence Unit (FIU), taken from the Bundeskriminalamt and the tariff should be added. In addition, the unit is to be from 25 previously to initially 50 and later further increased to 160 officials, it said.

My analysis rather stubborn forwarding

Investigators should continue before collect all suspected cases of money laundering. However, they would their advice in the future, the plan no longer refer only to the competent public prosecutor easy. The indications should now more than ever aligned with their own findings and data collected from other authorities in order to pass only the relevant cases. This should facilitate law enforcement work and run faster to better identify results.

With the reorganization Schäuble brings the fight against money laundering in his portfolio. Because the Customs under the Ministry of Finance, the Federal contrast is affiliated to the Interior Ministry. The new structure should now also facilitate international cooperation between the investigators, it said. Because of the approximately one hundred similar units worldwide had very few settled in the police, mostly are customs or tax authorities responsible for money laundering investigations.

The number of suspicious transaction reports pursuant to the Money Laundering Act has risen sharply in recent years , most recently in 2014 to more than 24 000. Almost all of them come according to the report from the financial sector, responsible for the supervision of the federal government. For the commercial sector, ie for example the sale of real estate, cars or antiques, contrast is very little. Here are responsible for monitoring states and municipalities. Now the newly established FIU aims to improve cooperation here

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