Did your bank freeze your account?

It’s a horror scenario that can affect any company or person: You want to make an urgent bank transfer, withdraw cash from an ATM or briefly check your finances in online banking – and suddenly it turns out that your bank account has been blocked with reference to the Money Laundering Act.

A blocked bank account with reference to the Money Laundering Act is a serious case that poses a threat to the liquidity and business ability of companies and individuals. In such a critical exceptional situation, it is therefore necessary to act quickly and precisely in order to prevent far-reaching negative financial and legal consequences.

As a lawyer specialising in banking and capital market law, I have many years of experience in this field and have successfully helped numerous affected clients to have their accounts unblocked.

Benefit from my expertise and avoid unnecessary delays and legal risks with my support. Contact me now without obligation. Just give me a call.

Fachanwalt Benjamin Hasan

Partner

Benjamin Hasan

Expert Lawyer for Banking Law

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We are specialised in account freezes

Bank account blocked? Watch the video now!

Reasons for blocking an account

An account block by the bank renders a company or private individual practically incapable of doing business. Banks have the right to determine for themselves which transactions and indications are considered “suspicious”. After a block, customers generally do not receive any further information, as this is prohibited under Section 47 of the German Money Laundering Act (GwG). Our clients regularly report blocking in the following example cases:

  • Cash deposits
  • Cash withdrawals
  • Incoming payments from abroad
  • Transfers from crypto wallets
  • Arrest order by the public prosecutor's office
  • Seizures
  • Receipt of third-party money intended for a third party

Latest news

Targobank must pay out seven-figure account balance and bear legal costs after unlawful account freeze

In a sensational case, a Targobank customer resisted an unjustified account block. After receiving a SEPA transfer, her account was blocked by the bank for no good reason when she tried to withdraw the money. Despite her efforts to clarify the facts and prove the origin of the money, Targobank insisted on blocking the account and even cancelled the entire business relationship.

With the legal support of lawyer Benjamin Hasan, they finally succeeded in recovering the unlawfully withheld assets. The Wiesbaden Regional Court ruled that Targobank not only had to release all the assets, but also bear all the legal costs.

Read more

N26 Bank must bear costs for legal dispute after unlawful account freeze

A bank customer of N26 Bank AG had his account blocked with reference to the Money Laundering Act. The bank customer had already made every conceivable effort out of court to provide the proof of origin requested by N26 Bank. Nevertheless, N26 Bank not only continued to block the account, but also cancelled the entire business relationship with the customer with reference to its general terms and conditions.

Thanks to our legal support, it was not only possible to recover the customer’s unlawfully retained assets. N26 Bank was also obliged to bear the entire costs of the proceedings.

Read more

Frankfurt District Court Issues Interim Injunction Against Deutsche Bank AG

We were able to obtain a temporary injunction for our client against Deutsche Bank AG, forcing the bank to release the money. As a result, the bank was able to release the high six-figure amount in the account within a very short time.

The court also threatened to impose an administrative fine of EUR 250,000 on Deutsche Bank AG for each case of non-compliance – i.e. a renewed block, non-execution of a transfer, refusal to withdraw cash, etc. – and, if this cannot be collected, to enforce an administrative detention order of up to 6 months against a manager. The bank was also ordered to pay the costs of the proceedings.

Read more

Suspected money laundering can have fatal consequences

If the bank employee suspects money laundering, a suspicious transaction report (STR) is sent to the Central Office for Financial Transaction Investigations (also known as the Financial Intelligence Unit). Pursuant to Section 43 AMLA, the obligated party must report the suspicious facts to the Central Office for Financial Transaction Investigations without delay. “Immediately” means acting without culpable hesitation (BGH NStZ 1982, 291 (292)).

An account freeze can lead to serious complications (e.g. tax authority investigation, criminal proceeding, prosecutor’s attachment order) and even jeopardize a
company’s viability.

Mondaq Thought Leader Awards Autumn 2023

Attorney Benjamin Hasan is “Mondaq Thought Leader Autumn 2023” and has received awards for:

  • N26 Bank Must Bear Costs For Legal Dispute After Unlawful Account Freeze
  • Corruption Case At Europe's Largest Real Estate Group - Vonovia
  • Supervisory Authority BaFin Warns Against Dubious Providers And Questionable Financial Products
Read more

n-tv reports on our work

Alarming trend at German banks: a recent report by n.tv shows that the number of suspected money laundering reports has more than doubled since 2020. But for many customers, the banks’ increased caution is becoming a problem: despite the regulation to unblock accounts within three days of an unfounded suspicion, customers often experience a different reality. Watch the video to find out more about the consequences of this overzealous money laundering prevention and how it affects bank customers.

Watch the video on n.tv now

Handelsblatt reports on million-euro lawsuit won

Many media have become aware of the judgements obtained by lawyer Benjamin Hasan and are following the developments. The Handelsblatt recently reported on a judgement obtained by lawyer Hasan and is astonished at the behaviour of the bank, which lost the case and is now appealing to the Higher Regional Court to clarify the matter. It is questionable whether the bank is just playing for time or whether it will take the case all the way to the Federal Court of Justice. Benjamin Hasan criticises in the Handelsblatt that there will be a concrete ruling by the BGH. Rather, a change in the law is needed.

Read more

Zeit online reports on frequently affected bank customers

Not only corporate customers who have to pay employees, service bank loans and reimburse suppliers are affected, but also private individuals who rely on foreign payments for family reasons are affected by unjustified measures taken by the bank. For all these groups, an account block is a fatal event with far-reaching consequences. In this Zeit online article, lawyer Benjamin Hasan comments in detail on real-life cases and how his clients were able to regain access to their accounts as quickly as possible.

Read more

Legal options in the event of suspected money laundering

If the account is blocked by the bank following an unauthorised suspicious activity report, you should react immediately and appropriately – preferably with the help of a lawyer.

Get in touch now

Banks freeze accounts for an indefinite time

A bank may only carry out a transaction that has been reported as suspicious if the bank has either received the approval of the German Financial Intelligence Unit or the responsible public prosecutor’s office or after the third banking day after the date of the initial report has passed and no response of the authorities was received.

In practice, however, banks do not comply with this rule. Once an account has been blocked the account freeze continues indefinitely.

Negative side effects of account suspension

Defend yourself and avoid the negative side effects of an account freeze!

Even if the background information quickly clarifies and answers all questions in connection with the “suspicious” transaction, in many cases a suspicion report often leads to detrimental consequences:

  • Public prosecutor investigations against the account holder
  • Company audits
  • Tax investigations

Use the expertise of a specialist lawyer for banking law to avert such side effects or to react to them appropriately.

Extract of recommendations from our clients

Benefit from our expertise: we would be happy to help you too.

Anwalt.de
Anwalt.de
Kontosperre wegen FA-Pfändung
Schnelle und kompetente Beratung. Was macht Sinn und was nicht, damit ich nicht drauf zahle. Super fair! Vielen Dank nochmals,
Anwalt.de
Anwalt.de
Erfolgreiche Klage gegen N26
I have consulted Mr. Hasan about N26 abruptly and unjustifiably terminating my bank account with them and refusing to return my funds. Mr. Hasan clearly explained what can be done in my case and what the costs for that would be. When N26 refused to budge in response to our correspondence, Mr. Hasan recommended legal action. As a result of a court filing, N26 quickly returned funds that they owed me.
Anwalt.de
Anwalt.de
Konto ohne Angaben von Gründen gesperrt
Herr Hasan hat mich am selben Tag meiner Kontaktaufnahme angerufen und mir erklärt, was der Grund für meine Kontosperrung ist. Es war sehr transparent, aufrichtig und vollumfänglich. Er hat mir erklärt, was er für mich machen kann und welche Kosten mich erwarten. Für mich eine perfekte anwaltliche Erstberatung. Im Anschluss hat sich mein Anliegen bestens geklärt. Danke
Google
Google
Ich bin begeistert! Herr hasan hat mich sehr kompetent und empathisch begleitet! Nochmals herzlichsten dank.
Anwalt.de
Anwalt.de
Kontosperre nach Geldwäsche-Verdachtsmeldung
Sehr kompetent und sehr gut vernetzt ist Herr Hasan der richtige Ansprechpartner, um schnelle Lösungen von unberechtigten Kontosperren herbeizuführen. Ich bin in den Strudel von unberechtigten Geldwäscheverdachtsmomenten geraten und die Commerzbank- Prozesse funktionieren leider nur in Richtung Finanzbehörde / Zoll, aber eben nicht zurück in Richtung Kunde. Hier hat die Einflussnahme von Herrn Hasan entscheidend zur Aufhebung der Kontosperre geführt.
Anwalt.de
Anwalt.de
Kontosperre Commerzbank
Ich bin äußerst zufrieden mit der Leistung von Herr Hasan! Er hat mir verständlich den Sachverhalt erklärt und alle meine Fragen beantwortet und durch seine Unterstützung wurde mein Konto wieder geöffnet. Ich danke ihm von Herzen für seine Hilfe!
Anwalt.de
Anwalt.de
Geldwäsche Verdachtsmeldung
Sehr kompetenter Anwalt mit persönlichem Kontakt.Schnell alles erledigt,vielen Dank.Wir sind sehr zufrieden
Google
Google
RA Hasan ist seit vielen Jahren mein Rechtsanwalt des Vertrauens. Er arbeitet schnell und geht immer äußerst professionell vor. Hr Hasan hat bisher in allen Angelegenheiten meine Erwartungen deutlich übertroffen.
Anwalt.de
Anwalt.de
Commerzbank Kontosperre
Die Commerzbank hat ohne Angaben von Gründen jegliche Kontoverfügungen gesperrt mit dem Hinweis „technische Probleme“. Nach drei Tagen wurde uns mitgeteilt, dass der wahre Grund nicht mitgeteilt werden könne. Mittlerweile erhielten wir auch die Kontokündigung. (...) Eine von Ihm am Montag versendete Mail hatte die Kontenfreigabe am Spätnachmittag am Dienstag zur Folge. RA Hasan ist zu empfehlen!
Anwalt.de
Anwalt.de
Kontosperre Comdirect
Die Comdirect-Bank hatte mir aus heiterem Himmel ohne Angaben von Gründen meine Gelder eingefroren und weigerte sich, mir zu sagen, warum die Sperre erfolgt war und wie lange sie andauern würde. (...) Nach Beauftragung wurde er sofort tätig, schickte der Comdirect noch am selben Abend ein scharf formuliertes Anschreiben zu und plötzlich kam Bewegung in die Sache. Am 2. Werktag nach seinem Anschreiben hatte ich wieder Zugang zu meinen Geldern und konnte sie per Überweisung an eine seriösere Bank in Sicherheit bringen.
Google
Google
Herr Hasan war während des gesamten bisherigen Rechtsverfahrens äußerst reaktionsschnell. Er hat mich mit einfachen Ratschlägen versorgt und mir die Optionen und den Weg nach vorn klar erklärt. Ich fühle mich mit meiner Rechtsvertretung in guten Händen.
Anwalt.de
Anwalt.de
Bekannte Großbank sperrte mein Bankkonto
Top Anwalt: fachlich ausgesprochen kompetent*professionell und schnell*unbürokratisch*kurzfristig erreichbar*sehr freundlich und wertschätzend und vertrauensvoll (einschließlich Sekretariat)*hohe Dienstleistungsqualität*
Anwalt.de
Anwalt.de
Unbegründeter Verdacht der Geldwäsche
Herr Hasan ist sehr kompetent, fleißig und nimmt sich stets die Zeit für seine Mandanten. Das Ermittlungsverfahren wegen Verdachts der Geldwäsche hat Herr Hasan erfolgreich angefochten und das Ermittlungsverfahren wurde eingestellt.
Anwalt.de
Anwalt.de
Unbegründeter Verdacht der Geldwäsche
Herr Hasan war sehr hilfsbereit - einfach großartig! Der Sachverhalt und die Rechtslage konnte dank seinen umfassenden Kenntnissen vollumfänglich in sehr verständlicher Weise aufgeklärt werden. Vorzügliche Hochachtung und Dank Ihnen Herr Hasan, Weiterempfehlung garantiert!!
Google
Google
Hasan ist ein effizienter und erfahrener Anwalt. Er kommuniziert und versteht die Situation. Dann schlägt er eine effiziente Lösung vor, um Zeit für sich selbst und den Kunden zu sparen und sich einer Lösung zu nähern. Ich bin glücklich, sein Kunde zu sein.
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Benjamin Hasan

Expert Lawyer for Banking Law

Quick help

Don’t hesitate: Contact an expert lawyer for banking law - not a general practitioner!

Benjamin Hasan is a board-certified expert lawyer for banking law and capital markets law – a certification awarded to less than 0.8 % of all lawyers admitted in Germany. He earned his law degrees both in the US as well as in Germany. Operating out of Europe’s banking hub Frankfurt, Ben has dealt with almost every relevant player in the financial industry.

His ten years of experience as a lawyer comprises litigating numerous cases in the field of banking law and adjacent fields, representing financial services providers, private clients, and listed companies in matters related to anti-money laundering law and criminal proceedings and investigations.

As a supervisory board member, manager and an experienced litigator, Benjamin Hasan is versed in assertively representing his clients’ interests. Benjamin Hasan is committed to stand up for his clients’ interests with the utmost determination.

Experience from hundreds of proceedings

The lawyers of the law firm Kyprianou and Hasan have already served hundreds of clients of

  • Commerzbank
  • N26
  • Comdirect
  • Deutsche Bank
  • Sparkassen
  • Volksbanken
  • ING
  • PayPal
  • Wise
  • Qonto
  • Bunq
  • ... and many more banks

And helped them restore access to the account and their assets as quickly as possible.

069 247 428 444
Contact via WhatsApp
Three short steps

What can you do if your account was blocked or assets were frozen?

Download the power of attorney & cancellation policy

01

Download the power of attorney and cancellation policy

Download power of attorney
Download cancellation policy

Send us the following documents through the form down below

02

  • Signed power of attorney & cancellation policy
  • Most recent bank statement and
  • Most recent correspondence with the bank or authorities
To the contact form

We take care of all necessary measures!

03

We take care of everything else and
contact you with a free quote

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Benjamin Hasan
Partner
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