Trading and Shipping Companies

A Trading Company is a Business working with different kinds of products which are sold for consumer, business, or government purposes. Trading companies buy a specialized range of products, maintain a stock or a shop, and deliver products to customers.

A Shipping Company is a company that transports shipments of goods (by ship or other means of transport).

Sanctions compliance program for your business

Staying compliant with sanctions regulations is more complex and challenging than ever. Regulatory guidance clearly states that simply screening transactions is not enough. In the face of these complexities, it’s crucial to regularly evaluate your supply chain and trade operations, in order to make sure that your company is meeting compliance expectations. Both the supply chain and global trade operations are extremely complex and require a thoughtful sanctions setup. Sanctions compliance is based on strict liability, and no set of actions provides a safe harbour from enforcement action.

Our specialists will help to evaluate what your company is doing to monitor its supply chain, customers, shipments. We also help in managing international sanctions regulations and closing compliance gaps in transaction monitoring and filtering programs.

Applying Due Diligence – KYC, CIP, CDD and EDD for customers and partners

Knowing your customers is an integral part of an AML program. There are many terms used including, know your customer (KYC), customer due diligence (CDD) and enhanced due diligence (EDD). These KYC measures are meant to protect your business entity, especially if your business is vulnerable to high money laundering and terrorism financing risk. It really boils down to the risk assessment of your business and how well you mitigate them by employing appropriate controls.

Our company can perform on your demand KYC, CIP, CDD and EDD for your customers and partners. Within the framework of this service, a customer or partner also is checked for compliance with the Politically Exposed person status and being placed in international sanctions lists. The final research report and recommendations of our specialists for the client or partner will be prepared and compiled in accordance with your internal regulatory policies and procedures, which will greatly facilitate the work of your in-house Compliance department.

Screen Against Watch and Sanctions Lists

In most jurisdictions, institutions are required to screen new customers against sanction lists as well as lists of known high-risk individuals (suspected terrorists, narcotics traffickers, etc.) for potential matches. When a company encounters a potential “sanction match” or “sanctions hit”, it must investigate further with additional information to evaluate whether the similarities in the text reveal a true sanctions exposure.

Our company can perform on your demand Screen Against Watch and Sanctions Lists, and in case of a coincidence, our experts will investigate. The final research report and recommendations of our specialists for the client or partner will be prepared and compiled in accordance with your internal regulatory policies and procedures, which will greatly facilitate the work of your in-house Compliance department.

Consultation services

Our experts can advise you in relation to specific compliance queries and structuring issues or support your in-house Compliance department.

We can consult you and help in preparation of training programs, tests for checking the knowledge of employees, documents recording internal training with employees in accordance with the requirements of supervisory authorities in AML/ CFT/CPF and Sanctions legislation.

Also, at your request, we can assist in the preparation of responses to inquiries, requirements, submissions, orders of supervisory authorities, correspondent banks or other organisations in the field of AML/CFT/CPF and related issues.

Legal services for business

Our top quality legal support and original solutions on complex legal issues, are served by applying innovative methods and creative thinking in a way that creates added value for our clients. We understand that each client is different and therefore ensures that we can quickly understand your needs in legal support and provide advice and solutions that are tailored to your individual circumstances.We provide legal support for your Compliance which also can include Developing and Harmonization of the Agreements, with your customers or partners before you have established business relationship with them. The service we offer covers also all associated steps in the process, from identifying weak spots in your company's legal side, carrying out the valuation of your legal side of business and through to finalizing your business legal side to necessary levels.