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German Anti-Money Laundering Act (GwG)
Part 1 Definitions and obliged entities
Section 1 GwG – Definitions
Section 2 GwG – Obliged entities, power to issue statutory instruments
Section 3 GwG – Beneficial owner
Part 2 Risk management
Section 4 GwG – Risk management
Section 5 GwG – Risk analysis
Section 6 GwG – Internal controls and safeguards
Section 7 GwG – Money laundering officer
Section 8 GwG – Record-keeping and retention requirement
Section 9 GwG – Group-wide requirements
Part 3 Customer due diligence requirements
Section 10 GwG – General due diligence requirements
Section 11 GwG – Identification
Section 11a GwG – Processing of personal data by obliged entities
Section 12 GwG – Identity verification, power to issue statutory instruments
Section 13 GwG – Identity verification procedures, power to issue statutory instruments
Section 14 GwG – Simplified due diligence requirements, power to issue statutory instruments
Section 15 GwG – Enhanced due diligence requirements, power to issue statutory instruments
Section 16 GwG – Special requirements governing online gambling services
Section 17 GwG – Performance of due diligence by third parties, contractual outsourcing
Part 4 Transparency register
Section 18 GwG – Establishment of the transparency register and the registrar entity
Section 19 GwG – Information on the beneficial owner
Section 20 GwG – Transparency obligations regarding certain associations
Section 21 GwG – Transparency obligations regarding certain legal arrangements
Section 22 Accessible documents and transmission of data to the transparency register, power to issue statutory instruments
Section 23 GwG – Inspection of the transparency register, power to issue statutory instruments
Section 23a GwG – Reporting discrepancies to the registrar entity
Section 24 GwG – Fees and charges, power to issue statutory instruments
Section 25 GwG – Transfer of the administration of the transparency register, power to issue statutory instruments
Section 26 GwG – European system for the interconnection of registers, power to issue statutory instruments
Part 5 Financial Intelligence Unit
Section 27 GwG – German Financial Intelligence Unit
Section 28 GwG – Functions, supervision and cooperation
Section 29 GwG – Processing of personal data by the German Financial Intelligence Unit
Section 30 GwG – Receipt and analysis of reports
Section 31 GwG – Right to obtain information from domestic public authorities, right of access to data
Section 32 GwG – Obligation to transmit data to domestic public authorities
Section 33 GwG – Exchange of data with member states of the European Union
Section 34 GwG – Information requests in the framework of international cooperation
Section 35 GwG – Data transmission in the framework of international cooperation
Section 36 GwG – Automated data reconciliation in a European network
Section 37 GwG – Rectification, restriction of processing and deletion of personal data in the case of automated processing and in the case of storage in automated files
Section 38 GwG – Rectification, restriction of processing and destruction of personal data which is neither processed by automated means nor stored in an automated file
Section 39 GwG – Order opening a file
Section 40 GwG – Urgent measures
Section 41 GwG – Feedback to reporting obliged entities
Section 42 GwG – Notification by domestic public authorities to the German Financial Intelligence Unit
Part 6 Obligations concerning the reporting of matters
Section 43 GwG – Reporting obligation of obliged entities, power to issue statutory instruments
Section 44 GwG – Reporting obligation of supervisory authorities
Section 45 GwG – Form of reporting, registration requirement, performance by third parties, power to issue statutory instruments
Section 46 GwG – Carrying out of transactions
Section 47 GwG – Prohibition of disclosure, power to issue statutory instruments
Section 48 GwG – Exemption from liability
Section 49 GwG – Access to information and protection of reporting employees
Part 7 Supervision, cooperation, administrative fine provisions, data protection
Section 50 GwG – Competent supervisory authority
Section 51 GwG – Supervision
Section 51a GwG – Processing of personal data by supervisory authorities
Section 52 GwG – Cooperation obligations
Section 53 GwG – Reports of contraventions
Section 54 GwG – Duty of confidentiality
Section 55 GwG – Cooperation with other authorities
Section 56 GwG – Provisions relating to administrative fines
Section 57 GwG – Publication of final and conclusive measures and of unappealable administrative fine decisions
Section 59 GwG – Transitional provisions
Annex 1 GwG – Factors indicating a potentially lower risk
Annex 2 GwG – Factors indicating a potentially higher risk
Information-Center
Literature for AML Officers
Seminars
Seminars
Anti-Money Laundering (AML) Seminars
2020-09-28
