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Germany: BaFin provides Guidance on the German Anti-Money Laundering Act with special focus on insurance companies

07/02/2020

Background of the Guidance The German supervisory authority is obliged to issue guidance on how to construe and to apply the provisions of the German Anti-Money Laundering Act every once in a while, (sect. 51 subsect. 8 GwG). BaFin, being the German supervisory...

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Authors

Portrait ofEva Margareta Wolff
Dr. Eva Margareta Wolff
Principal Counsel
Cologne