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Frankfurt to host new EU anti-money laundering agency (www.dw.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 40 points 8 months ago* (last edited 8 months ago) (1 children)

Yes, finally! We can't get our own anti-money laundering agency to work, so we just open a new agency for the whole EU. Close to the Deutsche Bank headquarters. Makes things easier for oligarchs and despots.

Germany is one of the worst countries if it comes to fighting money laundering schemes. We had a huge reform some time ago and the agency is a big joke. We had our own finance ministry raided because of that ffs. So this is either intentional or someone in charge has serious brain damage.

[–] [email protected] 13 points 8 months ago

i bet the genious idea was "we put it where it's worst, so it helps there the most." unfortunately not everything works like that.