Obligated parties of all sizes need to be aware of their risks from non-compliance with the AML-Laws and take appropriate action. Especially for those who can't afford or don't want a compliance department, Kerberos offers simple compliance solutions and consulting.
We can advise you on your risk management and risk analysis, the regulations and policies that affect you, and help you with data protection issues if needed.
Digital creation, management and updating
Provision of digital tools for risk reduction
Position of MLROs as well as their deputies
Ensuring compliance with the highest data protection standards
We offer you a digital, simple and legally secure procedure for risk analysis, which makes it easier and more convenient for you to comply with money laundering prevention guidelines. The analyses we prepare are based on our years of cross-sector experience as well as our own technological developments. In this process, the legal requirements for your business operations are checked by our experts and your risk is evaluated by our systems. The digitalisation of this compliance service ensures that our analyses are up-to-date in the long term and enables us to better incorporate your location factors into the risk assessment. Our services are designed for the long term. This also means that risk analyses are regularly reviewed by us.
In addition to the analyses we prepare, we also provide you with risk management tools that make it as easy as possible for you to derive targeted risk reduction measures. Kerberos does not interfere with your autonomy: We leave it up to you to decide how to deal with our risk overviews, analyses and recommendations.
As a member of the AFCA (Anti Financial Crime Alliance) as well as other industry associations and as a contact for international organisations such as the FATF, we are well networked and always keep an eye on all current legal developments. Adherence to all compliance regulations also requires that you inform yourself about the interpretation and application notes (AuAs) of the supervisory authorities and, if necessary, take local peculiarities into account. Based on our experience in working with authorities in almost all federal states, we are also your perfect contact in this regard and will be happy to provide you with advice.
The law provides for fines of up to 20 million euros or 4% of annual turnover in the event of violations of the GDPR. The highest individual fine in Germany to date was 35 million euros.
The high data protection requirements demand a lot from companies. This includes not only the appointment of a suitable data protection officer for 10 employees or more, but also the structured analysis of processes and data processing, technical and organisational measures for data security, employee training as well as a data protection concept and guidelines, and much more. Data scandals in recent years have repeatedly shown that the mere failure to comply with or properly implement individual components of data protection compliance can have serious legal and financial consequences for those affected.
Kerberos Compliance offers a practical and cost-effective data protection compliance service that fully minimises your compliance risk. We appoint a data protection officer, analyse and audit your business operations, provide sound recommendations for action, document and help you adapt your processes. In addition, we are at your disposal for further consultations.
The risks of a lack of compliance sometimes include penalties and fines, compensation payments, litigation costs, and reputational damage.
Germany is considered a paradise for money launderers. The German Federal Criminal Police Office (BKA) recently recorded an increase in money laundering activities on the part of organised crime. But international pressure is increasing. For this reason, too, there is probably no area of law that is so frequently adapted to current developments as that of money laundering. As a result, compliance requirements are also increasing.
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