Money laundering prevention - Provide information as an obligated person

1. Provide information on all business matters and transactions; and
2. Produce documents relevant to compliance with the requirements set out in this Act.

1. You receive a request by post to provide information on business matters and transactions and/or to submit corresponding documents.
2. You submit the requested evidence to the competent supervisory authority.
3. The supervisory authority checks the information and documents.
4. You receive a notification during and/or after the examination is completed.

Prerequisites

• Request by the authority to submit documents
  
  You have received a request for documentation from the competent supervisory authority.
• Duty to provide information
  
  Only the following natural or legal persons ore partnerships are obliged to provide information:
  
  

  1. Financial undertakings
  2. Insurance intermediaries with their registered office in Germany or with their registered office abroad, provided they maintain branches in Germany
  3. Service providers for companies and for trust assets or trustees, if they provide the services specified in Article 2 paragraph 1 number 13 Money Laundering Act for third parties
  4. Real estate agents
  5. Bookmakers
  6. Dealers in goods, art brokers and art warehouse keepers if the warehousing takes place in duty-free zones
• Authorized representative
  
  The person submitting the documents must be a member of the management level or internal/external money laundering officer of the company.
  The obligated person's legal counsel and/or tax advisor may also make the submission upon presentation of the original power of attorney and designation of the subject matter.

Documents required

• Provision of information / submission of documents
  
  Depending on the individual request by the supervisory authority
  

  • If you have any questions, ask the supervisory authority responsible for you which specific documents you have to submit and which way is best for the transmission.

Fees

None

Legal basis

• Money Laundering Act (Geldwäschegesetz or GwG) - § 52 section 1

More information

• Information about prevention of money laundering by the Senate Department for Economics
• Notes on the interpretation and application of the Money Laundering Act (AMLA)
• First National Risk Analysis
• Central Office for Financial Transaction Investigations (FIU)

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