Which companies have a responsibility to prevent money laundering and terrorism?

According to the law, accounting and auditing companies, law firms, real estate agents, traders, credit institutions, etc. must deal with the prevention of money laundering. As the state strengthens supervision, improves laws and guidelines, and the best practices on the market evolve, companies should regularly review their anti-money laundering activities.

If the Money Laundering and Terrorist Financing Prevention Act applies to your company, you must have:

  • a risk assessment related to money laundering and terrorist financing taking into acoount the company's activities,
  • a documented risk appetite approved by the board, and
  • written rules of procedure by which the company hedges and manages these risks.
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