You know it’s going to get washed properly. Germans have this squeaky-clean reputation to live up to, after all.
It’s the easiest place in Europe to do this kind of thing and everybody who’s anybody in the crime and terror world knows it. I’m sure that will soon change though. Not.
Germany sees record spike in money laundering cases – Germany’s Financial Intelligence Unit says suspected cases of money laundering and terrorist financing jumped by 50% in 2019. The real estate market is especially vulnerable when it comes to suspicious transactions.
“One problem for us is that the prosecution of money laundering in Germany isn’t traditionally well established.”
That’s because it gets laundered here so much. Get it?
Over 100 billion euros gets processed here every year. They even call it Geldwäsche (money washing). That sounds a lot more, I dunno, cleaner than laundering does, don’t you think?
Germany is considered an El Dorado for criminals who want to launder their money, a study for the Finance Ministry has found.
Money laundering deals that take place outside of the finance sector go largely undetected in Germany – meaning a large proportion of all illegal business is never found, the report claims.
So like why go to the trouble of opening some fake offshore company in Panama?
Observing Hermann 