Webcast in German language – please feel free to contact our experts for explanations in English language.
In our upcoming Deloitte Legal webcast we will provide an update on relevant developments regarding anti-money laundering compliance at national and EU level. We will present the recent landmark ECJ judgment on the protection of beneficial owners’ personal data, relevant new German anti-money laundering regulations deriving from the so-called “Sanctions Enforcement Act II” and the so-called “EU Anti-Money Laundering Prevention Legislative Package” awaited for mid-year 2023 and give an update on German and foreign companies’ obligations according to anti-money laundering law.
As the violation of notification obligations to the German transparency register constitutes an administrative offence that can be punished with considerable financial and so-called “Naming & Shaming” penalties, German and foreign companies respectively their compliance officers should take necessary precautions to be able to comply with their notification obligations to the German transparency register at any time according to applicable national as well as European legislative regulations.
During the webcast our legal experts Jens Hoffmann and Anna-Lena Kringel (both attorneys-at-law at Deloitte Legal) will present the following relevant developments regarding anti-money laundering compliance at national and European level and point out how companies can comply with the new requirements:
- Landmark ECJ judgment of 22 November 2022 (cases C-37/20 and C-601/20) regarding the protection of beneficial owners’ personal data;
- Relevant new German anti-money laundering regulations after entry into force of the so-called “Sanctions Enforcement Act II” on 28 December 2022, particularly including the extension of notification obligations for foreign entities and providing for the transfer and incorporation of real estate data from the land registers into the German transparency register;
- Upcoming so-called “EU Anti-Money Laundering Prevention Legislative Package” (awaited for mid-year 2023), particularly foreseeing for the first time an EU-wide uniformly applicable regulation on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing as well as the 6th EU Anti-Money Laundering Directive.
Our legal experts will be available for a detailed Q&A session. You are welcome to ask your questions in this regard already during your webcast registration.
In case of organizational questions, please contact:
Tel: +49 40 37853831
Jens is Counsel at Deloitte Legal and a member of the service line Corporate Law and Regulatory & Compliance. He has vast experience in cross-border reorganizations (EU; North America; South-East Asia) and general corporate law advise for internationally operating company groups. In addition, Jens focuses on compliance tasks regarding the German Anti-Money Laundering Act, particularly the identification of beneficial owners within cross-border, multi-level company structures and the fulfillment of corresponding documentation and notification obligations (UBO registry | ‘Transparenzregister’). Jens completed his studies in German and European law at the Universities of Wuerzburg and Padua. Following his legal training, inter alia at the German Embassy Wellington and The German Business Representation (BDI) in Brussels, Jens worked as a lecturer at Humboldt University of Berlin before joining another internationally renowned business law firm. He speaks German, English and Italian.
Anna-Lena Kringel joined Deloitte Legal in April 2022 as an Associate in the service line Corporate/M&A. She advises national and international clients on general commercial and corporate law and on compliance with their obligations according to the German Anti-Money Laundering Act. Anna-Lena Kringel studied law with a focus on European law in Frankfurt (Oder), Berlin and France. She completed her legal traineeship in Berlin. During this time, she worked for one of Europe’s largest university hospitals as well as the company responsible for the mobility business of a large German industrial corporation. Anna-Lena Kringel speaks German, English and French.