Verification as per German Anti-Money Laundering Act (GwG)
Duty to verify identity:
As an authorized payment institution InterCard is subject to the regulations of the current version of the German Anti-Money Laundering Act (Geldwäschegesetz, GWG) and is under the supervision of the German Federal Financial Supervisory Authority (BaFin). Under the terms of Sect. 10 of the Act, InterCard thus has a duty to verify the identity of its contractual partner; to identify the beneficial owners and to clarify any possible PEP status. This duty applies both when a business relationship is established as well as also for a reasonable period of time during the business relationship and when any significant changes take place.
In this context and under the terms of Sect. 11, Para. 6 GWG the contractual partner also has a legal obligation to provide the information and documents required to verify identity. In addition to this, the contractual partner must notify InterCard immediately in writing regarding any changes which take place during the business relationship.
Explanation to form "Verification German AML" (PDF, 177.7 KB)
Beiblatt zur Identifizierung des Vertragspartners (PDF, 80.23 KB)
Contact us.
T: +49 89 61445 - 494
E: vertrieb@intercard.de