Enhanced due diligence obligations

In derogation from section 10(3), no. 2, letter b) of the Anti-Money Laundering Act, the due diligence obligations under section 10(1), nos. 1, 2 and 4 of the Anti-Money Laundering Act apply to securities institutions and investment holding companies or mixed financial holding companies on the acceptance of cash, irrespective of any threshold amounts named in the Anti-Money Laundering Act or in this Act, insofar as a currency exchange transaction within the meaning of section 1(1a), second sentence, no. 7 of the Banking Act is not conducted through a customer account opened with the securities institution and the transaction has a value of EUR 2,500 or more.