drafting legal opinions regarding the scope and application of the Act of 1 March 2018 on Counteracting Money Laundering and Terrorism Financing (the “AML Act”) and obligations arising therefrom;
developing and implementing AML/KYC procedures, including group-wide procedures;
supporting clients in preparing risk assessment documentation for obligated institutions;
conducting legal audits of AML procedures;
identifying the beneficial owners of companies and within corporate groups, including those in foreign jurisdictions;
preparing initial and update notifications to the Central Register of Beneficial Owners regarding an entity’s beneficial owners and support our clients in the submission process;
assisting in ongoing communication with the General Inspector of Financial Information (GIIF), supervisory authorities and law enforcement agencies;
providing training to employees on the application of the AML Act and obligations arising therefrom, including those related to the application of financial security measures, document and information retention duties, as well as reporting suspected money laundering and terrorist financing offences to the relevant authorities;
representing clients in administrative proceedings (including, in particular, proceedings before the GIIF) concerning the imposition of penalties for failure to fulfil obligations under the AML Act;
representing clients in proceedings brought before administrative courts concerning actions against an authority’s decision to impose penalties for failure to fulfil obligations under the AML Act;
providing litigation support in the event that criminal proceedings are initiated under the AML Act.
Our competitive advantages:
an interdisciplinary team of experts with a variety of specializations – corporate governance, financial regulation, compliance, white-collar crime;
we organize training sessions and workshops (both online and in-person) and are regular speakers at numerous business events regarding the application of the AML Act;
we monitor all legislative changes on an ongoing basis, analyze draft legislation, GIIF communiques, and participate in training sessions – some of our team’s members are Certified AML Officers and Certified Compliance and Ethics Professionals – International;
thanks to our team’s combination of knowledge and experience in various fields of law, we understand our clients’ needs and business considerations and are perfectly situated to propose solutions that account for the specific characteristics of the industries in which our clients operate.