![]() In this rapid attribution study, where results were completed and released to the public in one week and an additional week to finalise this article, we present a first estimate of how anthropogenic climate change affected the likelihood of meteorological variables corresponding to the event, 3-day precipitation averaged over the Seine and Loire basins and the spatial maximum of 1-day precipitation over southern Germany (excluding the Alps). To answer this question objectively, a rapid attribution analysis was performed in near-real time, using the best available observational data and climate models. The extreme nature of this event left many asking whether anthropogenic climate change may have played a role. The floods left tens of thousands without power, caused over a billion Euros in damage in France alone, and are reported to have killed at least 18 people in Germany, France, Romania, and Belgium. Warm and humid air from the south fueled sustained, large-scale, heavy rainfall over France resulting in significant river flooding on the Seine and Loire (and their tributaries), whereas the rain came from smaller clusters of intense thunderstorms in Germany triggering flash floods in mountainous areas. The precipitation took different forms in each country. The extreme precipitation that would result in historic flooding across areas of northeastern France and southern Germany began on May 26th when a large cut-off low spurred the development of several slow moving low pressure disturbances. They said that previous searches of the FIU had revealed that there had been extensive communication with the ministries that were searched on Thursday.Abstract. The prosecutors said they were also looking into the fact that since the FIU took over control of money laundering in 2017, reports of suspicious activity have dropped drastically. Prosecutors said the agency was alerted by banks because of concerns the money was linked to trafficking of arms and drugs and terrorism financing, saying that the FIU took note of the report but did not forward it to law enforcement agencies. He said they had searched the ministries to see whether the agency had been told to ignore the suspect money flows. It only stopped using fax machines to receive such reports from banks in the past few years, one German official has told Reuters.Ī spokesman for the public prosecutors said they launched the enquiry after receiving complaints that the FIU had not acted on millions of euros of suspect transactions, including to Africa, between 20. The FIU has long struggled to keep up with the tens of thousands of warnings it receives about suspect money transfers, according to people familiar with its work. The probe comes as the country's anti-money laundering efforts are under review by the Financial Action Task Force (FATF), a global body that groups countries from the United States to China, to tackle financial crime. He signalled his frustration with the raids, saying that prosecutors with questions "could have put them in writing". ![]() ![]() Scholz, speaking on a campaign stop in Potsdam, said he had had bolstered staff at the FIU agency to almost 500 from 165 and invested heavily in better equipping it. "We need a financial police with criminal expertise. "This is a security risk for Germany," said lawmaker Fabio De Masi. The FIU and BaFin, the financial regulator, which also answers to Scholz have been under scrutiny for failing to spot problems at payments firm Wirecard, which collapsed last year in Germany's biggest corporate fraud. Scholz rebuffed criticism from lawmakers following the raids, but the episode casts a cloud because it refocuses attention on the ministry he runs. The raids come at a pivotal moment for Scholz, who opinion polls suggest has a good chance of becoming German chancellor in national elections on Sept 26. ![]() The probe into the Financial Intelligence Unit, an agency of the finance ministry under Social Democrat chancellor candidate Olaf Scholz, is looking at whether it was told to ignore warnings of suspect payments to Africa. ![]() BERLIN/FRANKFURT, Sept 9 (Reuters) - German prosecutors raided the finance and justice ministries on Thursday as part of an investigation into the government’s anti-money laundering agency, putting a spotlight on Germany's failings in tackling financial crime. ![]()
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