Even the largest rescue packages can provide no more than a temporary reprieve. Time, in fact, is the only thing you can buy. But this bought time must actually be used to eliminate the root causes of the crisis. And this leads us to three key steps that the Bundesbank believes need to be taken.
Anti-money laundering framework  Following the operationalisation of the Proceeds of Crime and Anti-Money Laundering Act, 2009 effective 28th June 2010, the Financial Reporting Centre (FRC) was created on 12th April 2012. The Central Bank and the Ministry of Finance seconded staff to facilitate the setting up of the FRC.