ARCHIVE – A woman holds a wallet with banknotes. Photo: Monika Skolimowska/dpa-Zentralbild/dpa
According to the strategy document, large transactions would be carried out in a traceable manner and the risk of hiding the origin of large assets would be reduced.
Faeser wants to officially present it this afternoon at the autumn conference of the Federal Criminal Police Office in Wiesbaden. It is available from the German press agency. Faeser has previously called for a cash cap, drawing mixed reactions.
Digital financial investigation
Illegally acquired assets should no longer enter the legal economic cycle, be no longer usable for their owners, or at least remain recognizable and traceable, the concept further states. Cooperation with various players in the financial world must be further expanded and a competence center for digital financial investigations must be established.
Anti-money laundering cash ceilings also exist in some other European countries. In Germany, a relatively large amount is still paid in cash. Critics, mainly from a liberal-conservative background, see the cash cap as the first step towards the abolition of cash. The government refuses. (pbe/SDA)