Germany Enacts New Money Laundering Law

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Sunday, November 1, 1992
Author: 
Heidi Gramckow
Volume: 
8
Issue: 
11
Pg. 432
Abstract: 

On September 15, 1992 the Federal Republic of Germany joined the ranks of a growing number of countries that outlawed money laundering. Money laundering had not been illegal in Germany. However, since Germany ratified the 1988 United Nations Convention against Illicit Traffic in Narcotics Drugs and Psychotropic Substances, changes to the legislation that would allow the prosecution of money laundering activities were required…[more]