Our customers are all from outside the financial sector and include goods dealers, real estate agents, insurance brokers, and betting providers. All have to contend with increasingly complex legal obligations and incorporate them into their operations, demanding an enormous amount of resources and expertise. And failure to meet these obligations puts their reputations, finances, and even their ability to stay in business at risk. The ongoing revisions to the Anti-Money Laundering Act (AMLA) by the German Federal government and the EU makes its practical implementation in everyday corporate life difficult to say the least.
We have developed tailor-made, effective compliance management systems in accordance with the Act on Tracing Profits from Serious Criminal Activities (the Anti-Money Laundering Act, or AMLA). As your external compliance officer, we unravel the complicated legal and regulatory obligations your company is subject to and create a plan specifically designed for your organization.
We hold ourselves to the highest standard and leverage technology to scale our solutions and provide complete compliance for every business.
Money Laundering. More regulations. More complexity.
For some time now, criminals have been using their own laundromats to move money from their criminal activities into the legal financial system. Politicians have recognized this and have steadily broadened the range of companies obliged to take action against money laundering and terrorist financing. At first, the focus was on banking and insurance, but today, compliance obligations extend to real estate agents, gambling providers, and even dealers of goods like art, jewelry, and yachts. All are now subject to the Anti-Money Laundering Act.
And legal obligations don’t just reach farther; they’ve also grown more complex. Now companies subject to regulations must have a compliance management system in place to protect the company, its management, and its employees.