The globalization of business and the international fight against money laundering and terrorist financing caused a new paradigm in the business universe: any serious and successful company must have a solid compliance and money laundering prevention program.

There are many individuals, governmental agencies and companies obliged under the anti-money laundering and terrorist financing regulations to comply with certain requirements established therein. Compliance guides, ongoing training, know-your-customer policies, relations with Politically Exposed Persons (Personas Expuestas Políticamente), identification of final beneficiaries and reporting of suspicious activities are just some of the issues that must be taken into consideration.

On the other hand, having a strong compliance program guarantees that the company is reputable and recognizes the importance of conducting itself within universally accepted ethical parameters. It is also a requirement that many large companies ask their suppliers, customers and counterparties to comply with in order to maintain the business relationship with them.

At LCM&G we provide advice on the rules for the organization and operation of companies to establish a culture of ethics and transparency in business. We develop, implement, monitor and perfect compliance and anti-money laundering and terrorist financing programs according to the needs of each client and the risks of the activity carried out, its size and economic capacity.