The report sets out the priorities and activities of the regulator throughout 2024.
Key takeaways from the report include:
➡️ In 2024, the regulator updated and released key pieces of guidance, such as on the German Money Laundering Act and joint guidance with the German Financial Intelligence Unit on suspicious transaction reports;
➡️ The regulator led significant engagements with industry through consultations, holding events, and engaging with the public-private Anti Financial Crime Alliance;
➡️ The regulator significantly increased their automated data collection activities throughout the year compared to 2023.
✅ Firms operating in Germany should review their obligations registers and the most up-to-date guidance to ensure continued compliance with evolving regulatory expectations.
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