Outsourcing MLRO in Germany

1. What is S+P Compliance Services?

S+P Compliance Services is a one-stop-shop for all your compliance needs. We offer a comprehensive range of services that covers every aspect of compliance, from regulatory consulting to compliance training.

We have a team of experienced compliance experts who can help you navigate the complex world of compliance and ensure that you are up to date with the latest regulations. With S+P Compliance Services, you can be confident that you are compliant with all the relevant regulations.

2. What does S+P Compliance Services offer?

S+P Compliance Services offers a comprehensive, one-stop solution for all your compliance needs. We provide a full range of compliance services, from compliance consulting and training to compliance audits and investigations.

We also offer a wide range of compliance functions, including MLRO, AFCO, MaRisk Compliance Officer, WpHG Compliance Officer, CISO and Internal Audit. Whether you’re looking for a complete compliance solution or just a few compliance products, S+P Compliance Services is your one-stop shop.

3. Why choose S+P Compliance Services?

When it comes to compliance, there is no one-size-fits-all solution. Depending on the size and scope of your business, you may need to comply with a variety of regulations. This can be a daunting task for any business owner. That’s where S+P Compliance Services comes in.

We are a full-service compliance provider that can help you navigate the complex world of compliance in Germany. We have a team of experienced compliance professionals who can help you develop compliance programs tailored to your specific needs. What’s more, we offer a variety of compliance-related services, including training, auditing, and risk management.

We also offer a range of compliance software solutions to help you automate and streamline your compliance processes. So if you’re looking for a one-stop solution for all your compliance needs, look no further than S+P Compliance Services. We can help you stay compliant with all the relevant regulations, while freeing up your time to focus on running your business.

4. How can S+P Compliance Services help me?

If you’re looking for a one-stop-shop for all your compliance needs, look no further than S+P Compliance Services. We can help you with everything from KYC as a Service to Compliance as a Service. We’re here to help make your life easier so you can focus on what’s important – running your business.

If you’re looking for comprehensive and reliable compliance services, look no further than S+P Compliance Services. We offer a one-stop solution for all your compliance needs, whether you’re a small business or a large corporation. We have a team of experienced professionals who are familiar with all the latest compliance regulations, so you can rest assured that your business is in good hands. Here are some of the ways we can help you:

• Streamline your compliance processes – We can help you streamline your compliance processes so that they’re more efficient and effective. We’ll work with you to identify areas where you need improvement and put together a plan to help you achieve your goals.

• Stay up-to-date on compliance changes – We stay up-to-date on all the latest compliance changes so that you don’t have to. This way, you can be confident that your business is always compliant with the latest regulations.

• Save time and money – Our services can save you time and money by helping you avoid costly penalties for non-compliance. We’ll work with you to ensure that your business is compliant with all the relevant regulations, so you can focus on running your business. If you’re looking for a one-stop solution for all your compliance needs, contact S+P Compliance Services today. We’ll be happy to discuss our services with you and answer any questions you have.

5. What are the benefits of using S+P Compliance Services?

There are many benefits of using S+P Compliance Services, but the biggest one is that it provides a one-stop-shop for all your compliance needs. This means that you can get everything you need in one place, without having to worry about dealing with multiple vendors. In addition, S+P Compliance Services offers a number of other benefits, including:

-A comprehensive suite of compliance services: S+P Compliance Services offers a wide range of compliance services, so you can be sure that you’re getting everything you need.

-A team of experts: The team at S+P Compliance Services is made up of experts who are passionate about compliance. This means that you’ll be able to get the best advice and guidance possible.

-Flexible pricing: S+P Compliance Services offers flexible pricing options, so you can find a plan that fits your budget. If you’re looking for a one-stop-shop for all your compliance needs, then S+P Compliance Services is the right choice for you.

6. In a nutshell – S+P Compliance Services

S+P Compliance Services is a one-stop-shop for all your compliance needs. We provide a comprehensive range of services that cover every aspect of compliance, from initial assessment and planning through to implementation and monitoring.

Our team of experts have years of experience in compliance and are up-to-date with the latest regulations. This means we can provide you with the best possible advice and support to help you meet your obligations.

Don’t risk non-compliance – use S+P Compliance Services. We are the gold standard when it comes to compliance, so you can be sure that you are always meeting the required standards.

 

Ensuring the required compliance for the prevention of money laundering

To ensure the required compliance systems and processes are in place for the prevention of money laundering and CFT we have summarised for you the 16 legal obligations that need to be implemented within a MLRO outsourcing solution:

Implementation and supervision of all regulations for the prevention of money laundering and terrorist financing (AML/CFT)

1. Contact person for BaFin, FIU and law enforcement agencies
2. Establish adequate risk management systems and processes including clear reporting requirements
3. Tailored company specific risk assessment
4. Development and updating of internal principles, appropriate business and customer-related security systems
5. Implementation of ongoing risk-oriented, process-accompanying or at least timely monitoring, inspection and control measures
6. Continuous development of strategies and safeguards
7. Operation and updating of adequate data processing systems
8. Investigation of unusual or doubtful facts
9. Handling of suspicious cases including the submission of suspicious transaction reports
10. Decision about the termination of the business relationship with the involvement of the management
11. Information to management and the supervisory body: Measures taken in particular concerning the deficits of the prevention measures and to remedy deficits, preparation of an at least annual report on activities and the risk situation of the company, if necessary, in the context of the risk analysis as well as ad hoc reports in the presence of special causes,
12. The Board shall forward the report to the Chairman of the Board of Supervisors, with reference to any material deviations from the assessments made by the Money Laundering Reporting Officer. For its part, the chairman of the supervisory body has rights of access directly to the Money Laundering Reporting Officer.
13. Providing training and ongoing information to employees about new methods of money laundering and terrorist financing as well as new legal and regulatory requirements.
14. Advising and supporting employees and businesses in complying with anti-money laundering and terrorist financing legislation (AML/CFT).
15. Advise on the improvement and adjustment on applicable organisational and clear task definitions and instructions.

 

Outsourcing the Money Laundering Reporting Officer (Outsourcing MLRO): Please send us a mail to receive a free quote „Outsourcing MLRO“.

Mail: S+P Prevention of Money Laundering Compliance Team a.schulz@sp-partners.de to receive a free quote.