The mandatory disclosure of customer data by an institution to third parties. Legal provisions force banks to disclose information to authorities such as the public prosecutor’s office, the revenue office and the insolvency court in certain cases, even without the consent and knowledge of the account holder. This causes sets incentives on the part of customers to conceal their personal data when opening an account. – The recommendation, also called a reference, made at the request of a customer by the bank to a person or authority designated by the account holder. – See address spoofing, bank secrecy, financial vultures, money laundering, identity verification requirement, Internet offers, account, anonymous, account, false, account disclosure, account blocking, customer data information obligation, proxy, shadow banking, nominee, blackboard transaction, payment transaction regulation.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/