Money laundering prevention

Money Laundering Prevention: Government Requirements and Social Responsibility

Since the introduction of the Money Laundering Prevention Act in 2017, many German companies have had to create structures every day to curb money laundering. Although this is complex, it is absolutely necessary: Violations are punished with heavy penalties. Industries that work with large amounts of cash are particularly affected. This includes, for example, the automotive trade. In this blog article, you can find out why money laundering prevention is so important and why it is particularly relevant for financial transactions processed in Germany.