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Identification under the German Money Laundering Act (GwG Identification)

When opening an account with a financial institution in Germany, or, for example, when changing account holders, an identification and legitimacy check are legally required. This process is based on the German Money Laundering Act (GwG), which mandates verification of the identity of both individuals and entities wishing to open an account in Germany. The Delegation of German Industry and Commerce in Vietnam (AHK Vietnam) is authorized under the GwG to perform this identity verification on behalf of financial institutions based in Germany.

European Central Bank.png
European Central Bank

Our services for you include:

  • GwG identification of yourself or the authorized representatives of your company, as well as legitimacy verification
  • Transmission of documents and delivery of copies of the necessary documents to the relevant financial institution in Germany

Important notes:

  • Due to the specific requirements of each bank, a prior appointment is necessary.
  • The costs for GwG identification and legitimacy verification are usually covered by the German financial institution. Please inquire with your chosen bank in advance for exact terms and conditions.

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