Compliance and good Corporate Governance practices
Ustáriz & Abogados Law Firm focuses on the practice of Compliance and good Corporate Governance practices, advising various companies in the management of risks related to Money Laundering and Financing of Terrorism (AML/CFT), “Anti Money Laundering and Financing of Terrorism” and Corruption and Transnational Bribery (ABAC) “Anti-Bribery & Corruption”, regardless of the sector to which they belong, and with an international focus, which allows its clients to be aligned with local and global provisions on the matter.
Our compliance services
Our professionals in the implementation of Risk Management Systems (AML/CFT) and (ABAC) have extensive experience and knowledge of local and international regulations on the matter, harmonizing the respective Risk Systems to global provisions. such as the Foreign Corrupt Practices Act (FCPA) and the Bank Secrecy Act (BSA). The firm’s compliance area has advised companies whose headquarters are located in jurisdictions such as Spain, Germany, China, among others, ensuring that they fully comply with applicable regulations and avoid legal sanctions and damage to their reputation.
IT tools
At Ustáriz & Abogados Legal Study we have technological tools that allow us to carry out a comprehensive review or Due Diligence in the knowledge of our clients’ counterparties, their products and services, financial transactions and their geographical location, in order to evaluate the related risks with AML/CFT and ABAC regulations.
Capabilities:
- Our multidisciplinary team provides advice and support in the following services:
- Design and implementation of Risk Management Systems (AML/CFT) and (ABAC).
- Outsourcing of the figure of the Compliance Officer for the Risk Management Systems (AML/CFT) and (ABAC).
- Development of Due Diligence and Intensified Due Diligence in the knowledge of the Counterparties, through applications that allow consultation on both restrictive and binding national and international lists.
- Preparation of internal procedures for the purposes of carrying out the management of (AML/CFT) and (ABAC) risks.
- Presentation of management reports to the Board of Directors or the highest corporate body of the company.
- Design of risk classification, identification, measurement and control methodologies (AML/CFT) and (ABAC)
- Development of Audits that allow establishing the status and compliance with respect to the Risk Management Systems (AML/CFT) and (ABAC).