The FMA has pursued a consistent, risk-based and integrated approach to supervision in relation to prevention of money laundering and terrorist financing for many years. The 2024 annual report highlights the FMA’s zero-tolerance policy very clearly: Fines imposed in this area increased significantly to over € 4 million. In addition, the FMA imposed several supervisory measures upon European American Investment Bank AG for severe breaches of the FM-GwG, which ultimately also led to the European Central Bank withdrawing its banking licence (not legally effective). Other priorities in the prevention of money laundering in 2024 were risks relating to (frequently intransparent) real estate transactions as well as the implementation of the European Union’s AML package, including the establishment of the European Anti Money Laundering Authority, AMLA, in Frankfurt.
All details about the FMA’s supervisory activity can be found in the annual report Thematic Priorities and Trends 2024. Prevention of Money Laundering & Terrorist Financing, which can be downloaded here (currently in German only):
Further information about the prevention of money laundering and terrorist financing can be found on the FMA website and on our consumer information channels:
FMA > Supervision > Cross-sectoral topics > Prevention of Money Laundering and Terrorist Financing
“Let’s talk about money” issue number 6 on money laundering
FMA Instagram Channel @redenwiruebergeld on Money Laundering