In January, the Second Sanctions Enforcement Act (SDG II) came into force. In this new whitepaper, CURENTIS looks at the content, background and implications of SDG II.
The central themes of the law are worth highlighting:
- The establishment of a central office for sanction enforcement at the federal level
- The linking of real estate data with the transparency register
- The obligation to notify associations based abroad that hold real estate property in the Federal Republic of Germany (also for existing cases instead of previously only for new acquisitions)
- The introduction of a ban on cash payments in real estate transactions
You can find this new whitepaper here
along with many other CURENTIS publications in the areas of Anti-Financial Crime, Sustainable Banking and Regulatory Affairs.