Money laundering is the process by which illegally obtained assets are smuggled into the legal economic cycle and removed from the reach of law enforcement authorities.
Therefore, the Money Laundering Act imposes specific obligations on representatives of certain professions to help prevent money laundering or the misuse of legitimate businesses for money laundering.
If you have information about possible or actual violations of the Money Laundering Act (such as: a company does not identify its contracting partners) you can report this as a whistleblower, either personalized or anonymously, to the responsible supervisory authority.
Whistleblowers can make valuable contributions to uncovering the misconduct of individuals or entire companies and to containing or correcting the negative consequences of this misconduct.
Whistleblowers are an important source of intelligence for regulators in the so-called non-financial sector (NFS). Such tips may include confidential information that whistleblowers learn from their employment or other contractual or confidential relationships and bring to the attention of the relevant supervisory authority.
The relevant supervisory authority investigates each tip and determines whether there has been a breach of supervisory regulations. The supervisory authority protects your identity by offering you the opportunity to submit your information anonymously via an electronic whistleblowing system.
Responsible for receiving tips received by
- Financial companies,
- Insurance intermediaries,
- Legal advisors who are not members of a bar association, and registered persons under Section 10 of the Legal Services Act,
- service providers for companies and for trusts or fiduciaries,
- real estate agents and
- dealers in goods and
- art brokers
are concerned, is
- in the administrative districts of Lower, Middle and Upper Franconia, Upper Palatinate and Swabia: the Government of Middle Franconia
- in the administrative districts of Upper and Lower Bavaria: the government of Lower Bavaria