# GwG Art. 5 — Repetition of identification / re-establishing the beneficial owner - **Rubric (DE):** Erneute Identifizierung oder Feststellung der wirtschaftlich berechtigten Person - **Rubric (EN):** Repetition of identification / re-establishing the beneficial owner - **Status:** In force ## Description Article 5 requires identification of the contracting party (Art. 3) or determination of the beneficial owner (Art. 4) to be repeated where doubt arises about the contracting party's identity or about beneficial ownership during the course of the business relationship (Abs. 1). For redeemable (cash-value) insurance policies, insurance institutions must additionally re-establish the beneficial owner where, at the insured event or surrender, the person entitled to the benefit is not the person who was entitled when the contract was concluded (Abs. 2). ## Context & interpretation Art. 5 operationalises ongoing due diligence rather than a one-off, point-of-entry check: it is the statutory trigger for repeating identification or beneficial-owner determination when doubt arises, and, for redeemable insurance, when the entitled person changes, and it works together with Art. 6's duty to clarify the economic background of a relationship whenever such doubts or red flags arise. ## Serves AMLR - [[AMLR Art. 19 - Application of CDD|AMLR Art. 19]] — Application of CDD - [[AMLR Art. 20 - CDD measures|AMLR Art. 20]] — CDD measures ## Further AMLR connections - [[AMLR Art. 47 - Life - investment insurance|AMLR Art. 47]] — Both look at who benefits from the policy at payout; GwG Art. 5(2) is narrower, applying only to redeemable insurance and only where the person entitled at the insured event or surrender differs from the one at conclusion (re-establishing the beneficial owner), and does not expressly address assignment or class-designated beneficiaries. *(related)* ## FATF - [[FATF R.10 - Customer due diligence|FATF R.10 — Customer due diligence]] — GwG Art. 5 requires repeating identification of the contracting party or the beneficial owner when doubts arise during the relationship. *(direct)* ## Authoritative text > [!quote]- GwG Art. 5 — German original, SR 955.0, consolidated version of 1 October 2026 (Fedlex) > **Art. 5 Erneute Identifizierung oder Feststellung der wirtschaftlich berechtigten Person** > 1 Entstehen im Laufe der Geschäftsbeziehung Zweifel über die Identität der Vertragspartei oder über die wirtschaftliche Berechtigung, so muss die Identifizierung oder die Feststellung nach den Artikeln 3 und 4 wiederholt werden. > 2 Im Falle einer rückkaufsfähigen Versicherung müssen die Versicherungseinrichtungen die wirtschaftlich berechtigte Person zudem erneut feststellen, wenn im Versicherungsfall oder bei Rückkauf die anspruchsberechtigte Person nicht identisch ist mit derjenigen im Zeitpunkt des Vertragsabschlusses.