As a result of the Sanctions Enforcement Act II, foreign legal entities that hold real estate in Germany, either directly or through special purpose vehicles, are now also required to report to the Transparency Register in accordance with anti-money laundering law.
Who is affected, by when do reports have to be made and what is the threat in the event of delayed implementation of the new regulations?
Our current GSK Update provides you with an overview of the new legal situation regarding the obligation of foreign legal entities to report to the German Transparency Register under anti-money laundering law.
Press contact
presse@gsk.de
+49 30 203907-7763
Dr. Harald Feiler
Partner*
+49 69 710003-0
harald.feiler@gsk.de
Nathalie Trenz
Associate
+49 69 710003-159
nathalie.trenz@gsk.de
For reasons of better readability, we use the gender-neutral generic masculine. However, the information expressly refers to all genders.
