Money laundering plays a very important role in practice of criminal defense today. The current money laundering offence in accordance with Section 261 of the German Criminal Code (StGB) follows the recommendations of the Financial Action Task Force on Money Laundering (FATF) of the G-7 states and takes into account the European convention and guidelines.
Money laundering offenders in Germany and around the world are increasingly using the help of financial institutions, the real estate sector, good traders, bona fide companies and private individuals. The number of reports about suspected money laundering by obliged institutions such as banks and financial service providers as well as other persons or companies, has reached incredible proportions. For banks, financial service providers, tax advisors and attorneys, as well as many other companies, money laundering prevention as a part of corporate compliance is of an essential and vital importance.
Suspicion of money laundering may be caused by conspicuous financial transactions or credit and real estate transactions, cash transactions, including settlement by cash on delivery, doubts as to the identity of the counterparty or beneficial owner, and the presence of other irregularities in business relationships. Even in cases of only reckless breaches of the relevant criminal rules, criminal sanctions and supervisory measures are at risk, which can lead to unforeseeable consequences. Juergen Klengel has many years of experience in advising companies on the introduction, optimization or redesign of money laundering prevention mechanisms.
He assists the management and employees of companies in the evaluation of critical business transactions and structures as well as regarding the introducing of necessary measures and the report of suspected money laundering. As an experienced criminal defense lawyer in Frankfurt, he defends consistently and efficiently national and international companies as well as individual clients in money laundering proceedings.