Compliance and AML
The law has placed several duties on organisations, particularly businesses, to ensure that their business complies with applicable standards, guidelines or best practices. With the development of the economy and the awareness of the law, ever new responsibilities are being imposed on businesses to ensure the legality of their activities. A distinctive type of internal procedure in a selection of companies are those related to Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), and such procedures frequently impact the operations of the company significantly. On many occasions, companies are unable to adequately assess their needs in this area.
Presently, legal advice in the area of compliance appears to be indispensable to ensure that business is conducted in accordance with set compliance requirements. A legal counsel is able to identify the needs of relevant stakeholders on an on-going basis and is able to develop and implement solutions that will enable them to operate in compliance with existing laws, as well as provide ongoing support.
Scope of our services
- review of internal procedures, practices and standards;
- identification of high-risk areas in your business;
- development and assistance in the introduction of internal procedures;
- assistance in the implementation of regulation into your corporate governance;
- constant monitoring of your needs;
- crisis support;
- representation before competent authorities.
