• Assessment of the “obliged institution’s compliance” with national and international regulations and guidelines
  • Developing and implementing an internal procedure as regards combating money laundering and terrorist financing
  • Providing a tool for ongoing analysis of risk related to the Client’s current business operations and ongoing support in this area
  • Preparing the so-called “group procedure” compliant with the AML requirements
  • Providing support in identifying beneficial owners as part of submitting notifications to the Central Register of Beneficial Owners
  • Conducting trainings for employees and associates involved in performing the obligations as regards AML regulations
  • Preparing and implementing mechanisms for reporting of breaches (whistleblowing)
  • Internal explanatory procedures
  • Procedures for the protection of information constituting a business secret of an enterprise
  • Anti-corruption, Gift and Hospitality Policies
  • Providing support for Clients in preparation for the external audits and inspections

Compliance Practice of MDDP Olkiewicz and Partners

The compliance practice of MDDP Olkiewicz and Partners provides the support of a specialized and practiced team of experts who provide legal assistance to Clients in adapting organizations – both Polish entities and foreign corporations – to the effective and upcoming changes in regulations, taking into account the specificity of their business operations and individual needs.

Today’s legal environment includes an increasing amount of European and national regulations governing the principles of ensuring the broadly understood compliance of the organization’s business activities with the law. Examples thereof include the directive on the protection of persons who report breaches of Union law, popularly known as the whistleblower protection directive, draft act on the liability of collective entities proceeded for some time, the GDPR, or amendments to the act on counteracting money laundering and terrorist financing related to the implementation of the 4th and the 5th AML Directive. In case of entrepreneurs, this means, first of all, the need to introduce new procedures to the organization or at least to revise the applicable codes of conduct, codes of ethics, etc.

At the same time, the COVID-19 pandemic has set up companies in a situation that verified the effectiveness of the procedures in place or has painfully exposed their lack. New challenges such as remote working, ensuring physical and technical security measures in the company, managing personal data issues during the pandemic, or implementing crisis management procedures, incl. in the employee area, have become crucial and required from day to day.

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