The globalization of business and the international fight against money laundering and terrorism financing have brought a new paradigm that is now firmly established in the corporate world: any company seeking to be regarded as serious and successful must have a solid compliance and anti-money laundering program in place.

Many parties are subject to anti-money laundering and counter-terrorism financing regulations and must comply with their requirements. Compliance manuals, ongoing training, know-your-customer policies, relationships with Politically Exposed Persons (PEPs), identification of ultimate beneficial owners, and the filing of reports and suspicious activity notices are just some of the matters that must be taken into account.

A sound compliance program also demonstrates that a company is serious and recognizes the importance of operating within universally accepted ethical standards. It is also a requirement that many companies impose on their suppliers, customers and counterparties in order to maintain a business relationship with them.

At LCMG&B, we provide advice on compliance with the rules governing the organization and operation of companies, with the aim of establishing a culture of ethics and transparency in business. We develop, implement, monitor and refine compliance and anti-money laundering/counter-terrorism financing programs, tailored to each client’s needs and to the risks of the activity carried out, its size and its financial capacity.