(1) Notifications under section 20 (1) and section 21 must be transmitted to the transparency register for the first time by 1 October 2017.
(2) 1Access to the entries in the register of associations as provided for in section 22 (1) sentence 1 no. 8 is provided as from 26 June 2018. 2The technical requirements to transmit the index data under section 22 (2) which are needed for access to the original data under section 22 (1) sentence 1 no. 8 will be put in place by 25 June 2018. 3For the transitional period from 26 June 2017 to 25 June 2018, the transparency register instead contains a link to the common register portal of the Länder.
(3) Section 23 (1) to (3) enters into force on 27 December 2017.
(4) Exemptions granted by the supervisory authorities under section 50 no. 8 to obliged entities under section 2 (1) no. 15, to the extent that they operate or broker online games of chance, remain in force until 30 June 2018, by way of derogation from section 16.
If judicial proceedings concerning the prevention, detection, investigation or prosecution of suspected money laundering or terrorist financing were pending on 25 June 2015 or if an obliged entity possesses information or documents in connection with these pending proceedings, the obliged entity may retain this information or these documents until 25 June 2020.
(6) 1The registration requirement under section 45 (1) sentence 2 arises when the new information network of the German Financial Intelligence Unit starts operating, but at the latest as from 1 January 2024. 2The Federal Ministry of Finance will announce the date on which the new information network of the German Financial Intelligence Unit will start operating in the Federal Law Gazette.
2020-10-15