Erscheinung:11.03.2022 Supervisory statement: Identity verification of refugees from the Ukrainian war zone
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) would like to stress that – in support of the current humanitarian efforts to accept refugees from the Ukrainian war zone – credit institutions subject to its supervision will not face any legal consequences under supervisory law when a valid Ukrainian identity card is used to validate the data collected under section 11 (4) no. 1 of the German Money Laundering Act (Geldwäschegesetz – GwG) when a basic payment account is opened.
