Note that I don’t pretend to be exhaustive. FT: Let me ask about hedge funds, seeing as we're in Germany, where a political class seems to have an allergy to hedge funds. Do you think they should be regulated?
We now have comprehensive anti-money laundering laws that includes the Proceeds of Crime Act, Mutual Assistance in Criminal Matters Act and Financial Transactions Reporting Act together with its Regulations. This has virtually completed our legislation work. 2. We have formally established the national AML Officials Committee under the Act and formed various sub committees to assist in its work. 3.