The BaFin updates information on the Money Laundering Act

From February 1, 2025, the revised interpretation and application notes on the German Money Laundering Act (the “AuA”), which BaFin published at the end of November, will apply. Capital management companies and their money laundering officers should carefully examine whether and to what extent they need to adapt their internal measures for the prevention of money laundering and terrorist financing to the new requirements.