German Gov't Approves Tougher Money Laundering Laws
Law360 (October 14, 2020, 10:14 AM EDT) -- The German federal government has approved a law that will give authorities more power to go after suspected cases of money laundering, the country's finance ministry said on Wednesday.
The attraction of the new law is that it will allow any crime to be considered a predicate offense to money laundering — a component of a more serious crime. That will open more doors for authorities to go after suspected dirty money.
"If assets are obtained and concealed through criminal offenses, it is money laundering — regardless of whether the predecessor offenses are drug trafficking, extortion, human trafficking, fraud or breach of...
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