Regulation on the transfer of funds; officially, regulation on information on the payer accompanying transfers of funds

Regulations issued by the EU at the beginning of 2007 regarding the disclosure obligations imposed on all parties involved in payment transactions. The purpose of the regulation is to prevent money laundering and terrorist financing. – See money transfer intermediary, collection agency, shadow banking sector. – Cf. BaFin Annual Report 2009, pp. 236 f. (joint working group of the three European supervisory bodies CEBS, CEIPOS and CSR publishes application notes; threat analyses; third-party equivalence list) and the respective BaFin Annual Reports, chapter “Cross-sectional tasks”), Financial Stability Report 2012, p. 78 (statistical data gap for shadow banking operations).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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