BaFin-Interpretation and Application Guidance in relation to the German Money Laundering Act (May 2020)
BaFin-Interpretation and Application Guidance in relation to the German Money Laundering Act (May 2020) Table of contents I. Addressees 1. Addressees of the anti-money laundering obligations under the supervision of BaFin 1.1 Credit institutions 1.2 Financial services institutions 1.3 Payment institutions and electronic money institutions 1.4 Agents and e-money agents 1.5 Independent businesspersons within the meaning of the GwG 1.6 Insurance undertakings 1.7 Asset management companies and others 1.8 Financial holding companies and mixed financial holding companies II. Risk management (risk assessment and internal safeguards) 2. Risk management and assessment – sections 4 and 5 of the GwG 2.1 General principles 2.2 Responsibility 2.3 RiskRead More →