Money laundering prevention – an often unknown and underestimated compliance task

Money laundering pre­vention is often considered to be an obli­gation only of enter­prises in the financial sector. However, these obli­gations also affect numerous enter­prises out­side the financial sector. Last year, the German legis­lator has severely tightened criminal law on money laundering with far-reaching conse­quences for businesses in practice. This once again under­lined the fact that almost all enter­prises have to adopt measures of money laundering pre­vention. This is all the more impor­tant as a further tightening of the regulation is to be expected from the European level.

We illustrated in our presen­tation when and to what extent enter­prises outside the financial sector are affected by money laun­dering prevention obli­gations, explained measures to prevent the applica­bility of indi­vidual obli­gations and provided practical guidance on the imple­men­tation of the compliance with the manda­tory minimum of pre­vention obligations.

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