Money Laundering Prevention

According to international studies, money laundering in our country reaches between 18,000 and 44,000 million dollars a year.

Therefore, any company or person with business activity that offers its services to the public is susceptible to establish business relationships with partners or entities that in principle seem legitimate; however, they could be involved in money laundering, which could result in criminal liability.

To avoid this, it is important to establish internal processes to reduce the risks of establishing business relationships with such parties, without affecting or limiting the commercial activity of the organization.

Likewise, it is important that the company’s personnel have the necessary knowledge to implement processes in the area of:

– Know your costumer (KYC);

– Due diligence (DD); and

– Contracts in compliance with anti-money laundering regulations.

The above will shall allow the organization to protect its business processes and relationships.