5th Anti-Money Laundering Directive
In response to a series of terrorist attacks in Europe in 2016, the EU Directive 2018/843 (5th Anti-Money…
Anonymous e-money
Anonymous e-money describes e-money products for which the buyer of the e-money does not have to be identified…
Anti-Money Laundering Act (AMLA)
The German Anti-Money Laundering Act (AMLA) is the law on the tracing of profits from serious criminal offences.…
Anti-money laundering laws
The collective term “anti-money laundering laws“ represents all laws that apply to the fight against money laundering and…
Beneficial owner
According to Section 3 of the German Anti-Money Laundering Act (AMLA, GwG), the “beneficial owner” is any natural…
Business relationship
The term “business relationship” is used in connection with the obligations imposed by the German Anti-Money Laundering Act.…
Compliance Officer
The compliance officer/compliance representative is used by companies as a specialist in the field of compliance in order…
Customer due diligence
The term “customer due diligence” refers to the obligations contained in the German Anti-Money Laundering Act (AMLA) which…
EU Anti-Money Laundering Directive
The term EU Anti-Money Laundering Directive refers to several EU laws that define minimum standards for EU member…