Attack on property: your fundamental right to property in danger

Introduction - Your fundamental right to property

The basic right to property is a fundamental pillar of our constitution. However, this right could soon be severely restricted.

The Federal Ministry of Finance is planning far-reaching powers to access private assets with the new "Anti-Money Laundering Act". Under the pretext of combating money laundering and terrorist financing, assets of 100,000 euros or more are to be confiscated - without a court order and under vague suspicion criteria. But there are legal ways to protect yourself against this.

The planned law: a threat to your assets

The draft law provides for assets worth 100,000 euros or more to be classified as "suspicious" and confiscated without criminal proceedings. This affects not only real estate or cash, but all assets such as securities accounts, jewelry, life insurance policies and company shareholdings. The criteria for suspicion are extremely vaguely formulated and open the door to arbitrary expropriation.

This development poses a direct threat to our fundamental right to property, which is enshrined in the German Basic Law.

Suspicious facts

For example, an asset is already considered suspicious if the authorities believe that your income and assets are not sufficient to afford it. So if you live frugally for years and then treat yourself to a property or an expensive car from your savings, this could already be sufficient grounds for expropriation. Even if you invest your assets in a Foundation or abroad, you are automatically considered a suspect - regardless of whether you have done anything illegal.

Such vague criteria undermine the fundamental right to property and open the door to arbitrary interference.

Risk countries

It becomes particularly absurd when you live in a so-called "risk country" or do business there. Then you are fundamentally suspect and all your assets could be confiscated. These "risk countries" include not only countries such as Syria or Afghanistan, but also Panamathe Philippines or Dubai. Even if you have employees living in one of these countries, this can result in all your assets being classified as suspicious. The criteria are so vague that practically anyone can come under suspicion - a nightmare for any citizen.

Even the police warn against the law

Criticism from the police union

Even the police union has sharply criticized the draft law. In a statement, it says that the draft is "hardly suitable or even unsuitable" for effectively combating financial crime. Instead, it places all citizens under general suspicion and is a harbinger of the government's "expropriation fantasies".

The police union's criticism underlines the extent to which the planned law jeopardizes our fundamental right to property.

Alarming warnings

When even the police warn about the law, alarm bells should be ringing for everyone. This cautionary stance shows how far-reaching and potentially dangerous the planned measures could be.

There are legal ways to safeguard your basic right to property and protect your assets from unjustified seizure.

Protect your assets with a US LLC

Advantages of a US LLC

In order to protect yourself from the German state's access to your legally acquired assets, it is advisable to Legal LLC formation or also legally compliant Anonymous LLC formation in the USA. As the USA is not part of the EU, German authorities have no way of accessing or expropriating the assets of a US LLC.

Control over your property

With a US LLC, you retain control over your property and protect it from arbitrary measures. The LLC structure provides a legal barrierwhich makes it difficult for German authorities to access your assets.

A US bank account as an additional protective shield

Advantages of a US bank account

In connection with your US-LLC you should also have a bank account in the USA. open a bank account. This protects your financial transactions and your assets from access by the German authorities.

Privacy and security

Even if you have no entrepreneurial ambitions, a US account in combination with a LLC provides effective protection for your private assets. You only have to report the profits from your LLC to the German authorities, but not details of your account movements or assets.

Conclusion: Act now to protect your assets

The planned "Asset Confiscation Act" poses a serious threat to the fundamental right to property. Assets are to be confiscated without judicial control on flimsy grounds. However, with a US LLC and the associated US bank account, you have the opportunity to protect your legally acquired assets before accessing them.ff of the German state. Act now while you still have the opportunity - the government's plans do not bode well. Protect your assets before it is too late.

By acting now, you are not only defending your personal assets, but also your constitutionally protected right to property.

FAQs

What does the planned law provide for?

The law makes it possible to confiscate assets of 100,000 euros or more without a court order.

Which assets are affected?

All assets, including real estate, cash, securities accounts, jewelry, life insurance and company investments.

Why is the law problematic?

The suspicion criteria are vague and can lead to arbitrary expropriations.

How can I protect my assets?

By founding a US LLC and opening a US bank account, you can protect your assets from access by the German authorities.

Are US bank accounts safe?

Yes, they offer additional protection against access by German authorities and secure your financial transactions.

Why do the police warn about the law?

The police see the law as unsuitable for combating financial crime and fear that it could lead to unjustified expropriations.