Money laundering is, nowadays, one of the main concerns of national and international public administrations, who increase the obligations that financial institutions and other kind of companies in the services sector should comply with in this field.
The Act 10/2010 of 28 April, on the Prevention of Money Laundering and the Financing of Terrorism increases the duties to be fulfilled by the bound entities, including financial institutions, developing and real estate companies, insurance companies, notaries, registrars and lawyers, tax consultants, accountants and auditors, casinos and gambling houses, jewelers and antique dealers, foundations, etc.
Guaranteeing the treatment of the risks in the area of laundering, covering all actions for the prevention of laundering and the financing of terrorism (risk analysis, SEOBLAC representatives, OIC, due diligence, KYC, communication procedures and internal control, DMO, custody)
The necessary support will be provided to ensure the maintenance of the Model, in particular regarding the requirement of monitoring the functioning and compliance of the Model of Prevention, including permanent, legal and technical advice.
We perform external expert reports and monitoring reports for the verification of the proper definition of the existing internal control and communication measures and the evaluation of the operational efficiency of the same, as well as the proposal of amendments or improvements.
For those entities obliged to have a Technical Unit for Prevention, we offer services of specialized advice for the treatment and analysis of information.
We teach specific courses of permanent training for employees, which are required by Act 10/2010 and are designed to detect transactions that may be related to money laundering or the financing of terrorism and to instruct them on how to proceed in such cases.