Enhanced duties of care

(1) By way of derogation from section 10(3), first sentence, point 2, letter b, of the Anti-Money Laundering Act, the duties of care under section 10(1), points 1, 2, and 4, of the Anti-Money Laundering Act apply to institutions on the acceptance of cash irrespective of any threshold amounts named in the Anti-Money Laundering Act or in this Act, insofar as currency exchange business under section 1(1a), second sentence, point 7, is not conducted through an account of the customer opened at the institution and the transaction has a value of EUR 2,500 or more.
(2) Institutions that conduct factoring under section 1(1a), second sentence, point 9, must take adequate measures to counter a recognisably increased money-laundering risk on accepting payments from debtors who were unknown when the framework agreement was concluded.