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Regional councils publish nationwide uniform information aids for the implementation of legal requirements
The Hessian regional councils of Darmstadt , Gießen , and Kassel have jointly published the revised interpretation and application guidelines for the Money Laundering Act (GwG) . These guidelines are intended to assist companies such as car dealerships , real estate agents , and jewelers , as well as many other affected industries, in correctly implementing the complex legal requirements.
Germany is considered an attractive location for money laundering activities billions of euros each year as a result . Businesses that large sums of cash . The new guidance provides those subject to mandatory rules with more guidance, certainty, and relief in the practical implementation of their obligations.
Uniform rules – coordinated nationwide
The updated guidance was developed as part of a cross-state working group , in which the Hessian regional councils also played a significant role. The 102-page version clarifies many outstanding questions and pictograms and diagrams to improve readability. Furthermore, some of the content was coordinated with BaFin (Federal Financial Supervisory Authority).
Uniform information material
In addition to the application instructions, other materials have also been revised – including:
- Documentation forms for fulfilling customer due diligence obligations
- Fact sheets on industry-specific topics
- Short flyers for a quick overview
These materials are now used uniformly throughout Germany
A Hessian impulse with nationwide impact
The initiative for uniform guidelines originally originated in the state of Hesse temporarily remain online for direct comparison .
Looking to the future
Starting in 2027 , the national anti-money laundering law will largely be replaced by an EU regulation that will define key rules uniformly across Europe. Nevertheless, the authorities assume that there will continue to be a need for supplementary information tailored to specific target groups.
(Red/RP)
Further information, information sheets and documentation forms are available on the website of the Darmstadt Regional Council:
👉 www.rp-darmstadt.hessen.de/sicherheit-und-kommunales/gefahrenabwehr/geldwaesche
