[ Money laundering ]

The new law on tracing profits from serious criminal offences (Money Laundering Act - Geldwäschegesetz - GwG) entered into force on 26th June 2017. As was already the case in the past, patent attorneys are also among those subject to the obligations imposed, to the extent defined in more detail in GwG section 2 subsec. 1 no. 10. They are thus subject to the reporting obligation pursuant to GwG section 43.

Details can be found on the website of the Financial Intelligence Unit (FIU) (www.fiu.bund.de).