Do you know about the Anti-Money Laundering Directive from the EU and have you implemented procedures that support the national laws?
The bad news is that ignoring the law does not excuse you from fines and sanctions. You or your company can be found guilty, even if you didn’t know that you did anything wrong.
Companies that get caught being involved in laundering money or financing terror are in deep trouble – even if it is not the company itself, but its customers that are the culprits. Both your reputation and survival are at stake.
Your best weapon in this fight is your employees: teach them how to recognize the warning signs of suspicious financial activity. Each one of us have the potential to spot irregular activities from both customers and employees – all it takes is awareness!