AML ( Anti-Money Laundering ), i.e. preventing money laundering, may involve many companies that may be involved in criminal activities in their business. It is worth protecting yourself against such a possibility.
Act dated 1 March 2018 A revolution has been made to combat money laundering and terrorist financing. Attention should be paid to the substantial extension of the list of entities which are subject to the obligations of that law. In particular, the rules are not transparent and may be difficult to implement in the internal procedures of the obliged entities.
At Russell Bedford We have developed a methodology for supporting our customers, taking into account the specific legal requirements of the obliged institutions. Contact us
The administrative sanctions they threaten to fail to implement the provisions of the Act must not be forgotten. The catalogue of these penalties is wide: from withdrawal of concessions or permits to severe fines.
What to know about preventing money laundering
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Who is an institution and to what extent is to carry out its duties.
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Who is the customer, the real beneficiary, and the politically exposed person and how to identify them.
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How to assess the risk of money laundering and terrorist financing.
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How to use safety measures.
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Who is the whistleblower and how to anonymously report suspected violations of the law.
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What administrative and criminal sanctions threaten to fail to meet the requirements of the Act.
At Russell Bedford We have developed a methodology for supporting our customers, taking into account the specific legal requirements of the obliged institutions. Contact us.