Transaction Definition Transaction according to the German GwG means any act or, insofar as they appear to be connected, several acts aimed at or resulting in a transfer of funds or other movement of assets or property. Notice: In the case of intermediation activities of obliged entities as defined in section 2 (1) nos. 14 and 16, the intermediated legal transaction is deemed to be a transaction. Section 2 (1) nos. 14 and 16 German GwG 14. estate agents, 16. traders in goods, persons acting as intermediaries in the trade of works of art and persons storing works of art, where this storage is carried … Continue reading TransactionRead More →