German AML seminars on due‑diligence for correspondent banks and PEPs

Two seminars in Germany focus on the strengthened due‑diligence obligations introduced by the Money Laundering Act (GwG). The first, “Correspondent Banking and High‑Risk Countries,” examines the legal framework for correspondent‑bank relationships, risk identification, FATF country‑risk lists, and new requirements of the EU AML Regulation and the AML Authority (AMLA). It offers practical guidance on assessing partners, handling suspicious cases and adapting internal processes.

The second seminar, “PEPs and Suspicious Transactions,” addresses the heightened scrutiny required for politically exposed persons and unusual transaction patterns. It outlines obligations such as senior‑management approval, source‑of‑funds verification, continuous monitoring, and documentation under § 15 GwG, while also covering the impact of recent EU‑AMLA standards on customer‑due‑diligence and compliance management.