Do you know that money laundering is one of the most common crimes in the world?

The Law on Prevention of Money Laundering and Financing of Terrorism stipulates that certain entities, including banks, insurance companies, authorized money changers, accountants, auditors, tax advisers and others, are obliged to implement the actions and measures prescribed by the Law on Prevention of Money Laundering and Financing of Terrorism and by-laws adopted based on the said Law.
Risks of money laundering and terrorist financing most often arise as a consequence of failure to comply with the law, regulations and internal acts governing the prevention of money laundering and terrorist financing, where the obligee will be significantly exposed to the risk of abuse related to money laundering or financing terrorism, as well as at the risk of ruining one’s own image and reputation if a penalty is imposed by the supervisory authority.

In order to protect the interests of its clients, FinExpertiza provides consulting services related to the prevention of money laundering and terrorist financing.

The tools used to establish such a system include, first and foremost, the development of procedures that must be harmonized with the Law on Prevention of Money Laundering and Terrorist Financing, by-laws adopted based on the said Law, the National Risk Assessment and Typologies of Money Laundering and Terrorist Financing, being well-acquainted with your client, identifying risks both the party and the oblige, checking the compliance of the company’s operations through regular internal control or internal audit, constant training of employees, which is carried out based on the Annual Professional Training Programme, training and development of employees, and monitoring of the client’s operations by comparing them against the list of indicators for recognizing suspicious activities, that money laundering, as well as against the List of Indicators for Identifying Activities Related to the Financing of Terrorism.