AML/CFT

A Politically Exposed Person (PEP) is an individual who holds or has held prominent public positions, or who is closely associated with such persons, for example, close family members or significant partners/associates. Even if their role is not directly political, their connection to a relevant public function may place them under PEP status.

The term offshore is often mistakenly associated with a lack of oversight or control. In reality, many offshore jurisdictions require mandatory audits and financial reports, especially when the company reaches certain turnover thresholds, holds significant assets, or belongs to an international group. In this article, we explain how mandatory audits work, when they are required, and why they are essential to ensuring transparency and credibility in an offshore structure.

In a world where the threats of money laundering and terrorist financing continue to evolve, compliance with international standards is more than a legal obligation. At the core of these standards is the FATF (Financial Action Task Force), the body that sets the global standards for combating Money Laundering and Financing of Terrorism, and which directly or indirectly shapes the actions of companies wi