Proactive risk assessment of data policies Offering

As a client of the financial services industry, you may encounter challenges or questions such as:

• Origin of the funds and fiscal compliance: How to address questions regarding the origin and fiscal compliance of certain (repatriated) funds/assets?
• Impact of documentation challenges: What if I am no longer able to reconstruct or document the origin of the funds invested abroad (e.g., in a foreign life insurance product)?
• Disclosure consequences: What are the consequences if my financial institution made a disclosure to CTIF-CFI? What is the risk of being subject to a criminal investigation?
• Bank requirements: What are my options if the bank insists on a regularization prior to accepting the funds or as a condition to maintain the client relationship?

How we can help:

We can provide risk analyses and legal position analyses based on the available documentation and information regarding the origin and fiscal compliance of your assets, including strategic advice on mitigating the identified risks.

If you are an obliged entity subject to the AML regulations, you may grapple with the following challenges:

• Expertise gaps: Lack of expertise to assess the fiscal compliance of (the repatriation of) assets and funds or regularizations by clients?
• Policy effectiveness: Does my anti-money laundering policy provides sufficient protection against abuse by money launderers and criminal prosecution in that context?
• Disclosure impact: What is the concrete impact of a disclosure to the CTIF-CFI for me and/or for my clients?
• Navigating risk: How to assess my own risk of prosecution when one of my clients is involved in a criminal money laundering case?
• Prevention of special mechanisms: How to develop a suitable fiscal prevention policy to mitigate risks in terms of special mechanisms?

How we can help:

• Benefit from our tailor-made training sessions that focus on AML and tax-related topics, empowering your teams to navigate complexities effectively.
• Professional advice and quality control of your AML/CFT policies and tax prevention policies. Our comprehensive approach takes into account potential criminal law risks, providing you with robust and effective frameworks.
• Ad hoc risk analysis and advisory services for complex high-risk and/or urgent client files, determining your legal position and offering advice on risk-mitigating measures.