Despite the tightening of the German Money Laundering Act, spectacular cases of fraud are increasing. The WireCard case, for example, reflects all facets of money laundering and shows that even a DAX company can crash within a few weeks.
Only recently, business premises and apartments were searched in several federal states. The focus is on German customers of a bank based in Puerto Rico. The suspicion: tax evasion and money laundering.
The laws are clearly regulated. Companies need to do more to prevent money laundering.
For this purpose, SIGNUM Consulting offers a software solution – the Compliance Incubator – which can be used to audit business partners worldwide for money-laundering indicators. We are happy to inform you about our award-winning compliance solution.
