In Germany, there are several supervisory authorities responsible for combating money laundering and terrorist financing. Some of the most important supervisory authorities are listed here:
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Federal Financial Supervisory Authority (BaFin): BaFin is the central supervisory authority for the financial sector in Germany. Among other things, it supervises banks, insurance companies and securities trading companies with regard to compliance with regulations on money laundering prevention.
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Central Financial Transaction Investigation Unit (FIU): The FIU is a special institution responsible for receiving, analyzing and forwarding suspicious activity reports in connection with money laundering and terrorist financing.
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Bundesbank: As Germany's central bank, the Bundesbank also has an important role in combating money laundering and terrorist financing. Among other things, it monitors financial institutions and cash-intensive industries such as the real estate sector and precious metals trading.
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Federal Criminal Police Office (BKA): As a law enforcement agency, the BKA is responsible for investigating money laundering and terrorist financing offenses.
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State Offices of Criminal Investigation (LKA): The State Offices of Criminal Investigation are responsible for the prosecution of crimes such as money laundering and terrorist financing in the German states.
These supervisory authorities work closely together and exchange information to improve and intensify the fight against money laundering and terrorist financing.