Timely Registration with the FIU Recommended
Starting from January 1, 2024, entities obligated under the Money Laundering Act (GwG) must register electronically with the Financial Intelligence Unit (FIU) regardless of submitting a specific suspicious activity report according to § 45 (1) sentence 2 GwG. Early registration is recommended.
After registration, so-called typology papers are available, which can be helpful for a well-founded risk management. The supervisory authorities expect obligated entities to be familiar with the content of these documents. Who is considered an obligated entity under the GwG is determined by § 2 of the GwG.
