Seminar "Compliance requirements and the EU new AML directives" was held by FinExpertiza Cyprus in Moscow
Michael Hadjihannas, the Managing Partner of FinExpertiza Cyprus, made a report for owners and top-managers of Russian companies on risks related to the EU new AML (anti-money laundering) directives. The seminar took place today at the World Trade Center on the platform of the All-Russia Public Organization "Business Russia".
"Many companies have already suffered from consequences of strengthening the standards related to AML & CFT. Account freeze, loss of clients, refusals from services suppliers - these issues may confront even the most law-abiding firms if they are unfamiliar with the new regulations. In 2020, new Directives are to be introduced to impose stricter responsibility for 22 legal offences, applying to both legal entities and business executives", - Michael Hadjihannas said.
The Head of FinExpertiza Cyprus focused on the most significant regulatory requirements in the EU and answered the most important questions of business representatives with regard to AML: how to avoid unpleasant surprises and what to do when you receive "that very letter" from a bank?