HIT THE GROUND RUNNING IN GERMANY – OUTSOURCING MLRO + COMPLIANCE OFFICER to Germany
We offer competitive outsourcing packages for companies, asset managers and banks seeking outsourcing solutions in Germany. In Germany it is a requirement by law to have one MLRO (Money Laundering Reporting Officer) and one deputy MLRO. Our target is to establish for you a tailored audit-proof risk management for the prevention of risk management and CFT. Our outsourcing MLRO arrangements include the following:
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:
Investment firms as well as branches located in Germany and branches of investment firms domiciled in Germany.
FinTechs pursuant to the German Banking Act (Kreditwesengesetz), and branches located in Germany and branches of credit institutions with their registered office in Germany.
Payment institutions and electronic money firms pursuant to the Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz) and branches located in Germany and branches of comparable institutions located in Germany.
Capital management firms pursuant to the Capital Investment Act (Kapitalanlagegesetzbuch), branches of EU management firms and foreign AIF management firms located in Germany.
Custody, the administration and the safeguarding of crypto securities or private cryptographic keys used to hold, store or dispose of crypto securities for others, as well as the safeguarding of private cryptographic keys.
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