ContentsContractual Outsourcing4th AMLDSection 17 (5) German GwGBaFin-Interpretation and Application Guidance on the German GwGBest Practices for Contractual Outsourcing Contractual Outsourcing Contractual outsourcing in the context of Anti-Money Laundering (AML) compliance is a pivotal aspect under the 4th AML Directive (Directive (EU) 2015/849), the German Anti-Money Laundering Act (Geldwäschegesetz – GwG), and the BaFin Interpretation and Application Guidance on the GwG. This process enables obliged entities to delegate certain compliance responsibilities to external parties, enhancing efficiency while maintaining rigorous AML standards. This article provides an in-depth look at contractual outsourcing as outlined in Article 29 of the 4th AMLD, Section 17(5) of the GwG, and Chapter … Contractual Outsourcing weiterlesenRead More →