Compliance and Money Laundering Prevention

Corporate compliance means ensuring compliance with laws and guidelines through organizational measures in companies, it is an essential element of proper corporate management (corporate governance). Company managers are obliged to take all reasonable and necessary measures to avoid violations of the law. Violations of this obligation constitute an organizational fault that can be punished by damages or sanctions. Members of various professions and industries are subject to far-reaching auditing and reporting obligations to prevent money laundering transactions under the Money Laundering Act (Geldwäschegesetz, GwG).

• advise in connection with the preparation and implementation of compliance measures for the prevention of legal violations and the avoidance of personal liability risks for corporate officers
• advise with regard to
  • organizational requirements
  • training of employees
  • internal company guidelines and codes of conduct
  • reporting and "whistleblower" systems
  • company internal control procedures
• advise and support compliance officers in corporate practice
• advise and organize training courses on internal organisation and appropriate co-operation in the event of possible searches in the company in order to protect its interests
• organize in-house training courses and seminars to prevent risks in the areas of corruption prevention and occupational safety and environmental law
• serve as ombudsman for public authorities and companies to receive open or anonymous information on grievances and misconduct
• provide comprehensive advice on issues relating to the Money Laundering Act (Geldwäschegesetz, GeG) and on reporting obligations in case of suspected money laundering