KYC/AML Auditing

Know Your Customer and Anti-Money Laundering

 

The Petros Law Group has a network of well-credentialed third-party service providers who render industry-leading Anti-Money Laundering and Know Your Customer (AML/KYC) auditing.

Born from the terror of the attacks on American soil on September 11, 2001, the Executive Branch of the Bush Administration enacted into law the USA PATRIOT Act. The goals of the PATRIOT Act are:

  1. To strengthen U.S. measures to prevent, detect and prosecute international money laundering and financing of terrorism;
  2. To subject to special scrutiny foreign jurisdictions, foreign financial institutions, and classes of international transactions or types of accounts that are susceptible to criminal abuse;
  3. To require all appropriate elements of the financial services industry to report potential money laundering;
  4. To strengthen measures to prevent the use of the U.S. financial systems for personal gain by corrupt foreign officials and facilitate repatriation of stolen assets to the citizens of countries to whom such assets belong.

Money laundering is one of the underlying crimes that enable nefarious bad actors to fund criminal activities such as terrorism and illegal conduct common in organized criminal enterprises. This process of concealing the origins of money illegally obtained by passing it through a complex sequence of banking transfers or commercial transactions is why the law now requires strong enforcement of AML/KYC policies and procedures.

The Petros Law Group has a network of well-credentialed third-party service providers who render industry-leading Anti-Money Laundering and Know Your Customer (AML/KYC) auditing. Our Anti-Money Laundering and Anti-Terrorist Funding checks span across domestic and international databases. Checks include:

  • OFAC – Specially Designated Nationals (SDN) List
  • OFAC – Foreign Sanctions Evaders (FSE) List
  • OFAC – Sectoral Sanctions Identifications (SSI) List
  • OFAC -Palestinian Legislative Council (NS-PLC) List
  • OFAC – Non-SDN Iranian Sanctions Act (NS-ISA) List
  • OFAC Sanctioned Countries List
  • Office of the Comptroller of the Currency Alerts
  • OSFI – Canada Entities + OSFI – Canada Individuals
  • Her Majesty’s Treasury’s Consolidated List
  • Defense Trade Controls (DTC) Debarred Parties
  • Foreign Agents Registration Act
  • FBI Top Ten Most Wanted
  • OFAC – Specially Designated Nationals (SDN) List
  • OFAC – Foreign Sanctions Evaders (FSE) List
  • OFAC – Sectoral Sanctions Identifications (SSI) List
  • OFAC -Palestinian Legislative Council (NS-PLC) List
  • OFAC – Non-SDN Iranian Sanctions Act (NS-ISA) List
  • OFAC Sanctioned Countries List
  • Office of the Comptroller of the Currency Alerts
  • OSFI – Canada Entities + OSFI – Canada Individuals
  • Her Majesty’s Treasury’s Consolidated List
  • Defense Trade Controls (DTC) Debarred Parties
  • Foreign Agents Registration Act
  • FBI Top Ten Most Wanted

Services

Security Token Offerings

Tokenomics and Compliance

KYC/AML Auditing

Blockchain Integration

Secure Escrow Services

Business Infrastructure

Get in Touch




info@petroslawgroup.com
+1 347-804-1206
+1 212-206-8868
14 W 23rd St, 5th Fl New York, NY 10010