Account terminated over a money laundering suspicion: the three working days cover only the transfer

When your own account stops executing transfers without warning and a termination letter from the bank lands in the post shortly afterwards, one very practical question comes first: how long does this take, and who decides? The short answer is that two entirely different clocks are running. For a single reported transfer, Germany's Money Laundering Act (Geldwäschegesetz, GwG) sets a hard deadline of three working days. For a block on the whole account and for termination of the contract, that deadline does not apply, because both rest on different legal grounds.