Sch\u00e4uble upgrades special unit (FIU) in the fight against money laundering<\/p>\n\n\n\n
According to a report in the Handelsblatt, the special unit responsible for the fight against money laundering and terrorist financing will be increased. So far, this unit has not been very successful. Especially the real estate sector is a gateway in this respect. At a meeting between Sch\u00e4uble and the French Finance Minister Sapin following the Paris attacks, it was emphasised that each country should set up a unit responsible for tracking suspicious transactions. These bodies are called Financial Intelligence Units (FIUs). They were set up after the attacks of 11 September 2001. Currently, this suspicious transaction unit is located in the BKA and employs about 25 people. This unit is now to be subordinated to customs and increased to 150 officers. The previous task was to record suspicious activity reports and forward them to the public prosecutor’s office.<\/p>\n\n\n\n