Anti-Money Laundering

Advice on compliance with the Money Laundering Act

Violation of the complex rules for preventing money laundering and terrorist financing can result in fines. We offer advice to ensure compliance with the rules.

Anti-Money Laundering

Are you familiar with the requirements of the Money Laundering Act?

We help identify your company’s risks and the obligations arising from the Money Laundering Act

Money laundering is when someone unjustifiably receives or obtains—for themselves or others—a share of financial gains or funds obtained through a criminal offense. Money laundering also includes unjustifiably concealing, storing, transporting, assisting in the disposal of, or otherwise subsequently contributing to securing the financial gain or funds from a criminal offense. Attempts or complicity in such acts are also considered money laundering.

The strong efforts to combat money laundering place increasing demands on companies’ procedures and policies in this area. Companies and individuals covered by the Money Laundering Act also have an interest in ensuring that the company is not misused to assist in criminal transactions. Examples of criminal offences include tax or VAT evasion, financial crime, and drug trafficking.

Company obligations

All companies and individuals covered by the Money Laundering Act must implement policies and business procedures, which ensure that the purpose of the Money Laundering Act to combat money laundering and terrorist financing is pursued.

We find that companies and individuals are not aware of the requirements of the Money Laundering Act – or, in the worst case, that they are not aware that they are covered by the Act. We therefore help with:

Determining whether the company is covered by the rules of the Money Laundering Act
Preparing a risk assessment and risk management tailored to the company
Preparing and implementing the necessary business procedures and controls
Preparing and implementing the necessary customer due diligence procedures
Assistance with compliance with record-keeping obligations
Assessment of possible reports to the Money Laundering Secretariat
Preparation and implementation of training for the company’s employees with a view to ongoing awareness and compliance with the money laundering rules
Implementation of a reporting channel for the company’s employees.

We recommend that the company’s compliance with the rules of the Money Laundering Act is incorporated into the company’s overall compliance program.

Customised solutions

We tailor the documents to each individual company, as no two companies are alike.

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Identification of risks

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Relevant policies

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Draw on our expertise

Anti-Money laundering in relation to:

Compliance and crisis management

Supervision has been tightened and there is a marked interest in combating the criminal misuse of Danish companies and the financial system for money laundering. There is good reason to ensure that the rules are complied with and that your company avoids sanctions, including fines.

Anti-Money Laundering

Our expertise

Focus Advokater assists with all aspects of advice related to the Money Laundering Act. Such cases usually have a short time frame. We prioritise being thorough, fast, and effective. We therefore make a great effort to get to know our clients and their businesses as soon as the consultation begins, so that we can provide the most effective advice possible.

Anti-Money Laundering