Germany
Regulator/Supervisor |
The Federal Financial Supervisory Authority or Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) |
Website |
|
De minimus threshold |
USD/EUR1,000 |
Travel Rule enactment date |
2021-10-01 |
Unhosted wallets |
When dealing with unhosted wallets, enhanced due diligence must be applied and risk-appropriate measures taken to manage and mitigate the risks of money laundering and terrorist financing. In particular, a risk-appropriate measure is the collection, storage and verification of the name and address of the beneficiary or the principal for whom no VASP is acting in the transfer and who is not a contractual partner of the obliged party. This concretely means requiring "proof of ownership". |
VASP licensing & registration requirements |
unknown |
VASP reporting obligations |
unknown |
VASP equivalent term |
n/a |
Travel Rule applies to |
tbc |
Published guidance/legislation
| Date | Url |
|---|---|
2021-Sep-01 |
über verstärkte Sorgfaltspflichten bei dem Transfer von Kryptowerten |