As of 1 January 2024, obligated persons under the German Money Laundering Act (GwG) must register electronically with the Financial Intelligence Unit (FIU), irrespective of the submission of a specific suspicious activity report pursuant to Section 45 (1) sentence 2 GwG.
Early registration is recommended.
After registration, so-called typology papers are available, which can be helpful for sound risk management. The knowledge of the obligated persons of the content of these documents is assumed by the supervisory authorities.
Who is an obliged person according to the GwGis determined according to its Section 2.
