Money laundering as a legal problem is a very recent phenomenon. It was not until the 1990s that the criminal provision of § 261 StGB was created. At the same time, the Money Laundering Act established controlling and reporting obligations for banks. Legislative development has been rapid to this day. Inspired by directives at the EU level, the circle of those affected is being extended more and more widely to all areas of economic life.
The criminal provision of § 261 of the German Criminal Code (StGB) especially has caused great uncertainty due to its unprecedented broad wording. Various jurisdictions and controversial jurists have not been able to contribute much to clarification in practice. The scope of danger for each participant in economic life has grown significantly. Preventive criminal law advice is therefore standard for many banks and companies today.
Individual lawyers of verte|rechtsanwälte frequently advise and defend in this area. In addition, they have both lectured on money laundering and provided statements on the legislative processes of both the European Money Laundering Directives in the European Parliament and their implementation in the Bundestag.