Our successful collaboration with leading experts in the field of anti-money laundering and financing of terrorism enables us to propose to our clients a complex assistance in the process of fulfillment of their obligations and responsibilities under the Measures Against Money Laundering Act (MMLA) and the Measures Against Financing of Terrorism Act (MFTA).
As from 31.03.2018 the new MMLA entered into force, promulgated in State Gazette issue No. 27/27.03.2018, which repealed the previous law and introduced number of changes and amendments in the MFTA, as well as in other legal acts. The changes in the national legislation implement the requirements of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, the International standards for prevention of the money laundering and financing of terrorism (FATF recommendations), Council of Europe Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Financing of Terrorism (CETS 198), signed in Warsaw on 16.05.2005, as well as of the Resolutions of the UN Security Council for prevention of terrorism and its financing.
Our services include:
- Drafting of documents and assistance of clients for the fulfilment of their obligations under Art. 63, para 4 of the MMLA for declaring of beneficial owners;
- Drafting of internal rules for control and prevention of money laundering and financing of terrorism;
- Performing of risk assessment related to money laundering and financing of terrorism.