Anti-Money Laundering for Your Industry
The German Anti-Money Laundering Act does not only apply to banks. Many companies in the so-called non-financial sector are also obliged entities – with obligations that differ considerably by industry. We know the specifics and implement them in practice.
Goods dealers & car trade
Obligations for cash payments of €10,000 or more – for precious metals from as little as €2,000.
Real estate agents
Due diligence for purchase contracts and for rentals of €10,000 or more per month.
Precious metals, jewellery & art trade
Particularly high risks due to stable-value, easily transportable goods.
Companies with several locations
Uniform standards, clear responsibilities and controls across all branches.
Who is an obliged entity under the German AML Act?
Section 2(1) GwG lists 16 groups of obliged entities – in addition to credit and financial institutions, these include insurance intermediaries, lawyers and notaries, tax advisers, auditors, real estate agents, organisers and brokers of gambling, as well as goods dealers and art intermediaries. Whether and to what extent the obligations apply to you depends on your activity and in some cases on thresholds.
Your industry is not listed?
We support obliged entities from the entire non-financial sector. Get in touch with us.
Book a no-obligation initial consultationYour contact person
Alen Gruber
Certified Corporate Compliance Specialist
External AML Officer