The German Federal Supreme Court has ruled that a bank is not allowed to refuse disclosure of the name and address of an account holder based on banking secrecy, if the account was used for payment for a counterfeit product. The Court followed the preliminary ruling of the European Court of Justice in July 2015 on this point. It held that the account holders’ privacy right, as well as the right of the bank to professional freedom, was outweighed by the brand owners’ rights to protection of intellectual property and effective legal remedy.

Press release (in German)