Anti-money laundering

Money laundering is today one of the main concerns of Spanish and international supervisory bodies and of the financial sector as a whole. Money laundering can mean not only potential financial and criminal liability for a company and its senior managementm but can also involve “reputational risk”, which a company must avoid in order to ensure its continuity.

Companies and their senior management teams are increasingly required to play an active role in the processes implemented to prevent money laundering and the financing of terrorism, and bearing a great responsibility in that regard. GOMARQ can take on part of this responsibility, offering a wide range of services to address all a company’s anti-money laundering and anti-terrorism requirements.

GOMARQ has a team of highly-qualified professionals experienced in anti-money laundering functions, having performed these tasks for financial companies and supervisory bodies.

Services

We offer a global service responding to all our clients’ needs:

  • Design of a procedures manual to prevent money laundering and the financing of terrorism.
  • Technical and legal advice, which may include forming part of the company’s internal control bodies and providing assistance when required or during SEPBLAC inspections.
  • Annual review as external experts and publication of the corresponding reports, in accordance with prevailing legislation.
  • Supply of specialised software to detect high-risk clients and suspect operations, cross-checking with lists of terrorist organisations, periodic reporting to SEPBLAC, digital database of client documents and operations, etc.
  • Identification of “politically exposed persons” (PEPs).
  • Personalised in-house training programmes for managers, employees and agents linked to the company.

Service features

- Our clients can outsource their anti-money laundering activities to GOMARQ, allowing us to handle the following tasks:

  • Detection of suspect transactions.
  • Identification and classification of clients according to risk level.
  • Reporting to SEPBLAC.
  • Cross-check with lists of terrorists organisations and PEPs.
  • Technical and legal advice to the rest of the company.
  • Archive of documentary evidence of all work performed.

The outsourcing service provides our clients with a highly-qualified anti-money laundering unit equipped with sophisticated technical tools (GOMARQ provides Delta.PBCsoftware) as required under prevailing legislation to detec high-risk clients and suspect operations, cross-check with lists of terrorist organisations, report periodically to SEPBLAC, maintain a digital database of client documents and operations, etc.

- If a client prefers not to fully outsource its anti-money laundering unit, we can provide a wide range of products and IT applications to address any specific requirements in this area.