§ 19 GWG (Money Laundering Act)

Information on the Beneficial Owner

Paragraph 1: The Transparency Register provides access to the following information regarding the beneficial owner for associations under § 20 paragraph 1 sentence 1 and legal arrangements under § 21, as specified in § 23: 

1. First and last name,
2. Date of birth,
3. Place of residence, and
4. Nature and extent of the economic interest.

Paragraph 2: For determining the beneficial owner of associations as referred to in § 20 paragraph 1 sentence 1, excluding legal foundations, § 3 paragraph 1 and 2 apply accordingly. For determining the beneficial owner of legal arrangements under § 21 and legal foundations, § 3 paragraph 1 and 3 apply accordingly.

Paragraph 3: The information on the nature and extent of the economic interest as per paragraph 1 item 4 indicates the basis of the position as a beneficial owner, specifically 

1. for associations under § 20 paragraph 1 sentence 1, excluding legal foundations, from 

a) participation in the association itself, especially the amount of capital shares or voting rights,
b) exercising control in other ways, especially based on agreements between a third party and a shareholder or among shareholders themselves, or based on the authority granted to a third party to appoint statutory representatives or other board members, or
c) the role of the statutory representative, managing partner, or partner, 

2. for legal arrangements under § 21 and legal foundations, from one of the roles listed in § 3 paragraph 3.