German FIU chief resigns as SARs stack up

Christof Schulte stepped down as head of Germany's financial intelligence unit - Zentralstelle für Finanztransaktionsuntersuchungen - on 15 December, a week after the government confirmed that his agency had not revealed a backlog of suspicious activity reports (SARs) to the Financial Action Task Force (FATF) during its evaluation of the country's anti-money laundering regime last year.

Christof Schulte stepped down as head of Germany's financial intelligence unit - Zentralstelle für Finanztransaktionsuntersuchungen - on 15 December [2022], a week after the government confirmed that his agency had not revealed a backlog of suspicious activity reports (SARs) to the Financial Action Task Force (FATF) during its evaluation of the country's anti-money laundering regime last year.