Identity Verification and Legitimateness according to Money Laundering Act
Anyone wishing to open an account with a credit institution in Germany will require corresponding identity verification. The basis for this is the Money Laundering Act or Geldwäschegesetz (GwG) which stipulates an examination of the identity of individuals and legal entities abroad, who would like to open an account (i.e. checking accounts, deposits, lockers, etc.) in Germany.
AHK Dubai assists UAE residents’ with identity verification of individuals or companies as well as the legitimateness of the authorized representative and forwarding of documents and dispatch of copies of the required documents (ID documents) to the credit institution in Germany.
Following the Money Laundering Act (GwG-Ident) of Germany, we provide the following services:
- Identity verification of the individual / company as well as legitimateness of the authorized representative through personal appointment.
- Forwarding the documents and dispatch of copies of the required documents (ID documents) to the credit institution in Germany.