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Compliance in International Logistics’ Finance – Anti-Money Laundering and Know-Your-Customer

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  3. Vierteljahreshefte zur Arbeits- und Wirtschaftsforschung
  4. Vol. 2, Issue 2
  5. pp. 223–248

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Oldenburg, D., Ostendorf, T. Compliance in International Logistics’ Finance – Anti-Money Laundering and Know-Your-Customer. Vierteljahreshefte zur Arbeits- und Wirtschaftsforschung, 2(2), 223-248. https://doi.org/10.3790/vaw.2025.1457706
Oldenburg, Dorle Katharina and Ostendorf, Thomas "Compliance in International Logistics’ Finance – Anti-Money Laundering and Know-Your-Customer" Vierteljahreshefte zur Arbeits- und Wirtschaftsforschung 2.2, 2025, 223-248. https://doi.org/10.3790/vaw.2025.1457706
Oldenburg, Dorle Katharina/Ostendorf, Thomas (2025): Compliance in International Logistics’ Finance – Anti-Money Laundering and Know-Your-Customer, in: Vierteljahreshefte zur Arbeits- und Wirtschaftsforschung, vol. 2, iss. 2, 223-248, [online] https://doi.org/10.3790/vaw.2025.1457706
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Compliance in International Logistics’ Finance – Anti-Money Laundering and Know-Your-Customer

Oldenburg, Dorle Katharina | Ostendorf, Thomas

Vierteljahreshefte zur Arbeits- und Wirtschaftsforschung, Vol. 2 (2025), Iss. 2 : pp. 223–248

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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/vaw.2025.1457706
Language
German
Pages
26
Keywords

Author Details

Dorle Katharina Oldenburg, Business Manager Shipping, Real Estate & KYC Specialist at M.M. Warburg & Co.

Thomas Ostendorf, Professor of Finance at FOM University of Applied Sciences

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Abstract

Ca. 60 Prozent der deutschen Exporte werden per Schiff getätigt. Die internationale Schifffahrtsbranche wird von Unternehmen dominiert, die ihr Domizil in sogenannten Offshore-Zentren haben, die durch geringe Transparenz gekennzeichnet sind. Kriminelle fühlen sich dadurch eingeladen die undurchsichtigen Strukturen zu nutzen, um illegale Geldströme zu verbergen oder Sanktionen zu umgehen, die gegen bestimmte Länder oder Waren verhängt wurden. Banken und andere Finanzinstitute müssen daher Risikomanagementprozesse installieren, um diese illegalen Geldwäschetransaktionen aufzudecken und zu stoppen. Im Zentrum dieser Mitigationsmaßnahmen steht der sogenannte Know-Your-Customer Prozess. Neben der Beobachtung und Kontrolle der Geldströme gilt es im Rahmen dessen die berechtigten Parteien, sowohl des Geldes als auch der involvierten Unternehmen, zu identifizieren. Allerdings fehlen in vielen Offshore-Zentren angemessene Register, die einen transparenten Überblick über die Eigentümerstrukturen gewährleisten. Darum bilden diese Register für Banken, die Geldwäsche bekämpfen, keine leicht zugänglichen Quellen. Der vorliegende Artikel zeigt die gegenwärtigen Maßnahmen der Geldwäschebekämpfung sowie der obligatorischen Know-Your-Customer Prüfungen in Finanzinstituten auf und diskutiert die Herausforderungen für deutsche Banken, die in der internationalen Handelsfinanzierung tätig sind.

Table of Contents

Section Title Page Action Price
Dorle Katharina Oldenburg / Thomas Ostendorf: Compliance in International Logistics’ Finance – Anti-Money Laundering and Know-Your-Customer 223
Summary 223
Zusammenfassung 223
1. Introduction 224
2. International Ownership Structures in Maritime Shipping 225
3. Compliance 227
3.1 Money Laundering as Economic Crime 228
3.2 Purposes and Types of Compliance Measures 231
3.3 Compliance Measures for Screening Corporate Banking Customers 232
3.4 Regulatory Law Framework for German Banking Compliance 233
4. Utilisation of the Three Lines of Defence Model in the KYC Process 235
5. Obstacles in Enforcing Mandatory Compliance Measures 238
6. Proposals for Solutions 239
7. Conclusion 240
References 241
Internet Sources 245

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