Implementation of the 4th EU Money Laundering Directive into national law
We would like to inform our customers that the implementation of the 4th EU Money Laundering Directive in Germany is imminent.
Enacted on 25 June 2015, and will be in full fledged implementation by 26th June 2017. This law will monitor and control the
"financial sector" that is carried out by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) in Germany.
The federal states are responsible for the "non-financial sector"and this sector includes:
trade goods traders
organizer and intermediary between buyers, suppliers and third parties transport operators.