Is your Firm Ready for the New EU Anti-Money Laundering Directive?

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    Title*Is your Firm Ready for the New EU Anti-Money Laundering Directive?
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    Posted by Callie Sierra
    28 April 2017

     

    By 26 June 2017, a new set of anti-money laundering regulations will take effect, and law firms need to be ready. Designed to bring a more risk-based approach to the prevention of money laundering and terrorist financing, the Fourth EU Money Laundering Directive will impact how law firms capture, store and process data.

     

    There are two main aspects of the Directive that warrant closer attention from law firms:

             - Demonstrating and documenting that risk assessments are conducted and up to date

             - Obtaining and providing adequate and accurate information on beneficial owners

     

    Firms will need to ensure they have adequate processes and systems in place to conduct and audit risk assessments and efficiently capture and store information relating to beneficial owners. And with limited time to comply, firms need to move quickly.

     

    Fortunately, Sysero’s knowledge automation technology can support firms’ moves towards compliance with the Fourth EU Money Laundering Directive. To see how Sysero can help move your firm comply with the new Directive, see the infographic below:

     

     

     

    SummaryBy 26 June 2017, a new set of anti-money laundering regulations will take effect, and law firms need to be ready. Designed to bring a more risk-based approach to the prevention of money laundering and terrorist financing, the Fourth EU Money Laundering Directive will impact how law firms capture, store and process data.
    More Information17
    Resource TypeBlog
    CategorySecurity & Compliance
    Publish DateApr 2017
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