02 Feb Money laundering with collective trust accounts
Hiding and “laundering through circulation” of dubious money via collective trust accounts is becoming more difficult for those involved. So far, even people who are on international sanctions lists can indirectly control their money there in Germany, including back abroad. The sums of money are, for example, in the form of claims collected from debt collection agencies or client funds from lawyers in an account without the bank holding the account being able to see who the beneficial owners of these various funds parked there belong to. Because the account-keeping bank only knows and checks the account holder. The DKB Bank has therefore already terminated collective trustee accounts , including those of lawyers. The previously privileged position of the lawyers probably does not protect them from informing their account-keeping bank of the actual beneficial owners of the funds, like everyone else, ie as an active “push” notification and not just as a “pull” notification on their request. From an economic point of view and from the point of view of the entire global social system, it makes sense that this gap should now also be closed.
-> Further information< –