Reporting suspicions of money laundering and whistleblowing under German law

Author:Katlen Blöker
Position:Finance Group, Lovells, London, UK
SUMMARY

Outlines the reporting duties of credit institutions in cases of suspicious transactions, for instance when there is no apparent purpose, the transaction does not meet the client’s needs or is unnecessarily complicated; and the reporting procedures, including who must notify the authorities, form requirements, consequences for the transaction, internal procedure, and legal privileges and risks.... (see full summary)


    • This document is available in original version only for vLex customers

      View this document and try vLex for 7 days
    • TRY VLEX