In accordance with Section 6 of the Law on the Prevention of Money Laundering, Terrorism and Proliferation Financing all outsourced accounting service providers, tax consultants, sworn auditors and other parties (Section 1 of the law) must create an internal control system. According to the SRS website, the purpose of the Law on the Prevention of Money Laundering and Terrorism Financing is to prevent money laundering and terrorism financing. Taxpayers that violate the requirements of this law may be subject of sanctions.
In order to guide our clients through compliance systems, we:
- Assess the legal compliance of business activities;
- Provide risk assessment and advice the subjects of the Law on the Prevention of Money Laundering and Terrorism and
- Proliferation Financing;
- Provide support in developing documents for organising internal control systems.