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§11 – Identification – AML German Version

§11 – Identification – AML German Version

§11 - Identification - AML German Version

 

§11 – Identification – AML German Version

(1) The obliged entities have to verify the identity of the customer and, where applicable, the persons acting for the customer and beneficial owners already before the establishment of a business relationship or the execution of the transaction. The verification of the identity may also be completed during the establishment of a business relationship if this is necessary for not interrupting the normal conduct of business and in case that there is little risk of money laundering or terrorist financing occurring.

(2) In derogation from paragraph 1, an obliged entity as defined in § 2 paragraph 1 Number 14 has to identify the counterparties of the object of purchase as soon as the counterparty of the broker agreement shows a serious interest in the execution of the real estate purchase agreement and the counterparties of the purchase agreement are adequately defined.

(3) One may refrain from the verification of the identity if the obliged entity has verified the identity of the person whose identity is to be verified already on

a previous occasion in the frame of fulfilment of his due diligence obligations and has recorded the collected information. If the obliged entity needs to be in doubt about the further correctness of the information collected within the previous verification of the identity, he has to perform a renewed identification.

(4) In the identification, the obliged entity has to collect the following information:

in case of a natural Person:

a) christian name and surname;

b) place of birth;

c) date of birth;

d) nationality, and

e) a residential address or, if no permanent residence with legal residence in the European Union exists and the verification is Performed within the frame of conclusion of a basic account agreement within the meaning of § 38 of the Payment Accounts Act, the postal address under which the customer and the person acting, vis-á-vis the obliged entity can be reached;

 

§11 – Identification – AML German Version

2. in case of a legal person or a partnership:

a) company name, name or designation,

b) legal form,

c) register number, if available,

d) address of the registered office or of the principal place of business, and

e) name of the members of the corporate representative body or names of the legal representatives, and, if a member of the corporate representa-tive body or the legal representative is a legal person, the data pursuant to Letters a) to d) of this legal person.

 

§11 – Identification – AML German Version

(5) In the case of a beneficial owner, the obliged entity has to collect, in derogation form paragraph 4, for the purpose of identification at least the latter’s name

and, as far as adequate in the specific case in view of the risk of money laundering or terrorist financing, further characteristics for the purpose of identification. Date of birth, place of birth and address of the beneficial owner may be collected independent from an identified risk. For the purpose of verification of the identity of the beneficial owner the obliged entity has to satisfy himself/herself by means of riskadequate measures that the data collected for identification are correct; doing so, the obliged entiry may not exclusively rely on the information in the transparency register.

(6) The customer of an obliged entity has to make available to the obliged entity all information and documents necessary for the purpose of identification. In the event that changes occur in the course of the business relationship, they have to be promptly notified to the obliged entity by the customer. The customer has to disclose to the obliged entity whether he wants to establish, continue or carry out the business relationship or transactron for a beneficial owner. The disclosure to the obliged entity has to be accompanied by evidence of the identity of the beneficial owner.

 

§11 – Identification – AML German Version – Further information

Further information about AML-CFT – German Version you find direct here:

 

Compliance & Geldwäschebeauftragter – §11 – Identification – AML German Version

Unsere Praxisseminare Geldwäsche und Fraud – BasisseminarGeldwäsche und Fraud – AufbauseminarGeldwäsche & Fraud – Update und Geldwäsche & Fraud – Forum verschaffen Ihnen einen umfassenden Überblick zu den aktuellen gesetzlichen Neuerungen und unterstützen Sie dabei, Geldwäsche- und Betrugsstrukturen zu erkennen, zu bewerten und rechtzeitig zu verhindern. In den Compliance-Seminaren wie ComplianceCompliance für VertriebsbeauftragteNeue Compliance-Funktion gemäß MaRisk oder auch Compliance im Fokus der Bankenaufsicht werden Ihnen die Ausgestaltung der Schnittstellen zwischen Compliance, Datenschutz, IT, Zentrale Stelle und Interner Revision näher gebracht. Auch die Mindestanforderungen zum Aufbau eines Gesamt-IKS werden hier beispielsweise näher erläutert.

Zudem haben Sie die Chance, nach Teilnahme der Seminare die Zertifizierungslehrgänge zum Compliance Officer, zum AML & Fraud Officer oder zum Geldwäsche-Beauftragter zu absolvieren.

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