Legalisation of proceeds of crime and prevention of terrorism financing. Preparation of the dossier

The State Revenue Service is re-actively informing about the need to develop an “internal control system for the prevention of money laundering and terrorism financing”, which means that inspections, penalties, complaints and legal proceedings will soon begin.

The responsibility for non-compliance with the procedures for preventing money laundering and terrorism financing is provided for in Article 165.8 OF THE PAGE. A penalty of EUR 140,00 to EUR 700,00.

To be sure, our company offers to develop and acquire the “internal control system for the prevention of money laundering and terrorism financing” applied to your industry.

The Law shall prescribe the following entities to whom the need to develop an “internal control system for the prevention of money laundering and terrorism financing” applies:

  1. Credit institutions
  2. Tax advisers, outsourcing accountants, sworn auditors and commercial companies of sworn auditors;
  3. Sworn notaries
  4. Sworn lawyers
  5. Other independent legal service providers, when acting on behalf and for the benefit of their clients, provide assistance in the planning or conduct of transactions, participate in them or pursue other business-related professional activities for the benefit of their client in relation to:
    1. the purchase or sale of  real estate, capital shares of a commercial company,
    2. the management of client money, financial instruments and other funds,
    3. the opening or management of all accounts in credit institutions or financial institutions,
    4. the establishment, management or operation of legal arrangements, as well as the carrying out of investments necessary for the establishment, management or management of a legal arrangement;
  6. Providers of establishing and operating services of a legal arrangement;
  7. Persons acting as agents or intermediaries in real estate transactions;
  8. Organisers of lotteries and gambling;
  9. Persons providing incational services;
  10. Other legal or natural persons engaged in the trade of vehicles, cultural monuments, precious metals, precious stones, their products or other goods, as well as through such transactions or other services, where payment is made in cash or cash on the transaction is paid into a credit institution in the accounts of the seller of EUR 15 000 or in currency, according to the foreign exchange rate to be used in the accounting, at the beginning of the transaction is equivalent to or above EUR 15 000, irrespective of whether the transaction is carried out as a single operation or as a number of interlinked operations.

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