The sale and purchase of foreign exchange, precious metals, securities and other assets by a bank over the counter

The sale and purchase of foreign exchange, precious metals, securities and other assets by a bank over the counter: on the board = on the table. This is still popular with some customers today because of the anonymity of the transaction. However, in the course of measures against money laundering and tax evasion (fiscal evasion), table transactions have been subject to restrictive conditions imposed by the supervisory authorities in many countries. As a result, an obligation of identity testing (responsibility to verify the identity) has also become common practice for over-the-counter transactions on the basis of bank internal instructions. – See authentication requirement, money laundering, identity testing obligation, account, anonymous, account disclosure, account blocking, account, anonymous, customer data-
Duty to inform, market, third party, over-the-counter trading, nominee, pieces, effective, secondary statement.

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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/