How a Bitcoin purchase turns into money laundering

A new version of the money laundering offence came into force on September 1^st. Even if, according to the legislator, much is to remain the same, the amendment has the potential to tighten criminal liability in individual cases. The purchase of Bitcoins, which in the public discussion are always brought close to criminality anyway, could now be even more easily covered by the criminal offense.

Bernd Wiesinger dealt with this very topic in a guest article in the daily newspaper Der Standard. The article can be read online here.

If you have any further questions on this topic, please do not hesitate to contact Bernd Wiesinger and our White Collar Criminal law team.

 

20. September 2021

 

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