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wirtschaftlich Berechtigten

English translation: economic beneficiary

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12:37 Oct 23, 2000
German to English translations [PRO]
Bus/Financial - Finance (general)
German term or phrase: wirtschaftlich Berechtigten
Wird die Identifizierungspflicht auch hinsichtlich des wirtschaftlich Berechtigten beachtet?
This appears on a checklist aimed at employees of financial institutions used to increase awareness/prevent money laundering. They have an obligation to identify certain customers in specific situations but what sort of person is a "wirtschaftlich Berechtigten"?
Julie Neill
Spain
Local time: 15:08
English translation:economic beneficiary
Explanation:
See URL below.

HTH,
Anja
Selected response from:

Anja Brito
Canada
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
naeconomic beneficiary
Anja Brito
nathe person who is economically entitled
Tim Drayton


  

Answers


51 mins
the person who is economically entitled


Explanation:
For once, a word-by-word translation fits the bill!
It is neatly explained on a web site explaining the procedures carried out at the German border to prevent money laundering:
"If it is not his own money, the traveller must indicate for whom he is transporting it (the person who is economically entitled)."
URL given below.


    Reference: http://www.germanemb.org.il/economic/holiday.htm
Tim Drayton
Cyprus
Local time: 16:08
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
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52 mins
economic beneficiary


Explanation:
See URL below.

HTH,
Anja


    Reference: http://www.bakred.de/texte/verlautb/gwg34eng.htm
Anja Brito
Canada
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
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Changes made by editors
Mar 28, 2010 - Changes made by Kim Metzger:
FieldOther » Bus/Financial
Field (specific)(none) » Finance (general)


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