BEFORE YOU GO...
Check how Shufti Pro can verify your customers within secondsRequest Demo
Hengeler Mueller, a German law firm, investigated the loopholes in the Anti-Money Laundering (AML) and financial transparency ecosystem of the Deutsche Regas. It found no evidence of wrongdoing or breaking the law.
After a detailed review of the company’s financing and investing structure, Hengeler Mueller refutes all allegations of money laundering against Deutsche Regas. The firm stated that the investigation was extended to gather all information about the company and verify direct or indirect shareholders of the company, including financing statements but did not find any evidence against Regas.
The law firm clearly stated that allegations of a potentially “non-transparent financing background” included inquiries on a total investment amount of slightly over €94.2m, which “could be fully substantiated and allocated to institutional and private investors.”
Additionally, the firm also added “there were no indications that investors, managing directors or supervisory board members had been associated with money laundering suspicions or were under sanctions. The alleged payment streams from companies on the Cayman Islands to Deutsche ReGas could also be completely refuted during the investigation. The shareholder and financing structures of Deutsche ReGas proved to be legally compliant and transparent during the audit procedures.”
The management of Deutsche ReGas was also examined by the Rostock Public Prosecutor’s Office, which “rejected an initial suspicion” and ended the investigation on August 17th, according to Hengeler Mueller. Regarding the inquiry, Deutsche ReGas successfully got a restraining order against the author who leaked the allegations to the media.