6/7/2026
Money Laundering Act briefly — ID requirement from €2,000
What you need to know about the German GwG when buying or selling gold.
The German Money Laundering Act (GwG) obliges precious metal dealers to identify customers above certain thresholds.
Specifically: cash payments of €2,000 or more (cumulative) and non-cash payments of €15,000 or more require us to check ID and record data.
Data is securely stored for 5 years for the legal purpose only — no third-party disclosure.
Specifically: cash payments of €2,000 or more (cumulative) and non-cash payments of €15,000 or more require us to check ID and record data.
Data is securely stored for 5 years for the legal purpose only — no third-party disclosure.
Zerin Gold Redaktion · 5 min