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§14 – Simplified Obligations

§14 – Simplified Obligations – §14 Due Diligence – Simplified Obligations; Authotity to Issue Regulations

§14 - Simplified Obligations

§14 – Simplified Obligations

(1) Obliged entities only have to fulfil simplfied due diligence obligations if they ascertain, taking into consideration the risk factors referred to in Annexes 1 and 2, that in certain sectors, in particular with regard to clients, transactions and services or products, only a low risk of money laundering or terrorist financing. § 10 paragraph 2 sentence 4 shall apply analogously to the arguing of appropriateness.

(2) Applying der simplefied due dilger obligations, the obliged entities may

  1. appropriately reduce the scope of measures that have to be taken for fulfilment of the simplefied due diligence obligations, and
  2. carry out, in particular, the verification of identity in derogation from §§12 and 13 on the basis of other documents, data or information which orginate from a credible and indepent source and are suitable for the verification.

In any case, the obliged entities have to ensure the verification of transactions and monitoring of business relationship to an extent whlch enables them to discover and report unusual or suspicious transactions.

§14 – Simplified Obligations

(3) In the event that the obliged entity unable to fulfil the simplified due diliger obligations, g 10 paragraph 9 shall ap1 anarogously.

(4) The Federal Ministery of Finance authorised to determine, in agreement with the Federal Ministry of the Interior, by consent, factual constellations in which lower risk of money laundering or terror financing may exist, in particular with distribution channels and due diligence obiligations with regard under the requirements of paragraph 1. The risk factors referred to Annexes 1 a 2 have to be taken into consideration in determination.

(5) Regulation (EU) 20 l5/847 shall r: appty to money transfers within Germany a beneficiary’s payment account to wlii exclusrvely paymenrs for supply of goods servlces can be credited, if

  1. the beneficiary’s payment service provider is subject to the obligations of this Act;
  2. the beneficiarys payment service provider is capable, due an individual transaction code number, to trace the money transfer back to the person who entered into an agreement with the beneficiary on supply of goods or services, and
  3. the transferred amount does not exceed Euro 1,000

 

Compliance & Geldwäschebeauftragter – §14 – Simplified Obligations

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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