Legal and Attorney Solutions
HLBNGA can help to identify any risks before they occur
The European Union’s Sixth Money Laundering Directive (6MLD) — which was implemented across the EU in 2021, introduced several new penalties for companies and institutions failing to detect and prevent money-laundering activity. Criminal liability has been extended to allow for prosecution and punishment of all legal persons i.e., Companies and Partnerships. This directive places AML & CTF responsibilities on management employees along with employees separately.
Aiding, abetting, inciting, and attempting to commit an offence of money laundering, now constitutes money laundering itself. This is seen as a step aimed at deterring professional enablers, but also a step aimed at accomplices of money launderers who are often involved in complex money laundering schemes. The 6AMLD introduced a minimum prison sentence of 4 years for money laundering offences, increased from the previous 1 year.
AI & Media Monitoring
It is therefore essential that all legal persons conduct adequate media screening of their clients. By using AI and media-monitoring to scan through all media mentions, rating the sentiment of each user, HLBNGA can help to identify any risks before they occur.
Ready to make the move from reactivate to proactive?
Further Reading
RISKSECURE
Adverse Media Screening
Fast Forward your Adverse Media screening with our patented AI-Powered technology and scoring solutions.
RISKSECURE
Adverse Media Data
Your #1 source of Adverse Media (Negative News) data. 100,000+ news sources for Adverse Media in 22 categories.
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Watchlist Screening
Screen your customers and 3rd parties against watchlists such as OFAC, UN, HMT, EU, PEP and other lists from around the world.