As of 13 July 2018 the new law on anti- money laundering and terrorist financing comes into force (the New AML Act), which implements regulations of the Directive of the European Parliament and of the Council (EU) 2015/849 of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (commonly referred to as the 4th AML Directive). The new regulations make the obliged entities implement appropriate changes to their internal regulations (including, e.g., new risk assessment rules, modified provisions on application of financial security measures) and adopt new regulations for the group. The New AML Act includes also a number of transitional and adapting provisions.
The Law Firm D. Dobkowski offers you comprehensive assistance in the area of the new AML regulations, including in particular:
- Analysis of the obliged entity’s status in order to identify its obligations under the New AML Act and define the scope of indispensable changes in the internal AML procedures;
- Assistance in preparing or changing internal regulations and group regulations adjusted to new AML Act requirements;
- Conduct of legal audit in companies in order to evaluate the range and manner of realization of the notification obligation towards the Central Register of Beneficial Owners;
- Representation of the obliged entities before the supervisory authorities.