Anti-money laundering
Money laundering and terrorist financing make it possible to use the proceeds of criminal offences. Money laundering therefore has major negative consequences for society as a whole. In the work to prevent the proceeds of crime from being used, companies subject to reporting obligations have a central societal task.
Banks, insurance companies, investment firms, payment service undertakings, real estate agents, accountants, auditors and other obliged entities are obliged to prevent their products and services from being misused for money laundering or terrorist financing. The companies must have a risk-based approach in their work to prevent money laundering and terrorist financing. The enterprises must familiarize themselves with both internal vulnerabilities in their own operations and external threats. Breaches of the money laundering regulations can have major and devastating consequences for a company.
We are one of the Nordic region's leading expertise environments in anti-money laundering and terrorist financing. We have comprehensive regulatory knowledge of Norwegian, Nordic, European and other international laws and regulations in the field of anti-money laundering and terrorist financing. We have assisted a number of national and international obliged entities in banking and finance, investment firms, management companies for securities funds, insurance companies, auditing and accounting companies, law firms, real estate agencies and others.
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The money laundering regulations
The money-laundering regulations implement the EU's money-laundering directive and thus also FATF's recommendations. The regulations set strict requirements for, among other things, the implementation of risk assessment, the establishment of routines and internal controls, the implementation of customer measures and ongoing follow-up, as well as the investigation and reporting of suspicious activities and transactions. Measures must be proportionate to the identified risk of money laundering and terrorist financing in the company.
Anti-money laundering investigation
We carry out investigations for obliged entities as part of ensuring their compliance with the money laundering regulations. For example, investigations into customer relationships that give rise to suspicion of money laundering through incorrect or fictitious invoicing, customer groups or individual customers who are assessed as liquidated or customers who abuse products or services offered. Investigative assignments linked to the money laundering regulations may also include investigations of failure to comply with the company's own anti-money laundering routines.
We assist with, among other things
Assistance with implementation of risk assessments
Assistance with making and updating routines
Interpretation of the regulations and practical compliance
Contact with the authorities
Assistance in connection with inspections
Courses and training of employees
Advice and assistance in the event of a suspected breach of the Money Laundering Act
Termination and rejection of customer relationships
Securing electronic evidence
Management for hire
Organization of the business and establishment of good internal control
Adapt and optimize electronic monitoring systems
Implementation of customer due diligence measures
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