AML services for businesses are essential across a wide range of industries including finance, crypto, real estate, and more, where compliance is explicitly required. When establishing bank accounts, your bank will inquire about your AML documentation, risk assessment system, and MLRO officer. Today, Anti-Money Laundering (AML) compliance is crucial for any company that wants to operate legally, open a bank account, build partnerships with reputation-conscious individuals, and of course avoid significant fines. As a law firm with established infrastructure, we offer professional AML services at competitive rates.
Who Are Our AML Services For?
Our services are designed for entrepreneurs and companies providing B2C or B2B services or selling products (most commonly cryptocurrencies and investment products) who need to ensure compliance with AML legislation. This requires an MLRO officer, a specialist in AML. Every type of business has its specifics, which is why we approach each client individually.
Running a B2C Business? Use Automated Identification
If you provide B2C services, you typically use technical solutions like Sumsub for automated initial client identification. These systems work effectively and the costs for initial identification are low. To implement this, you will need us to prepare a risk assessment policy document under Section 21a of the AML Act. After that, your AML operations will be economically advantageous thanks to automation.
When conditions for AML control are met-for example, transactions exceeding EUR 1,000 or identification of a PEP (Politically Exposed Person)-our AML experts step in. The client is redirected to our control questionnaire at www.modernipravnik.cz/aml/ to fill in the required information. This data is then reviewed by our AML officer.
Running a B2B Business? Personal Approach Is Essential
For B2B services, we usually step in directly, without automated pre-screening. Crypto companies, investment funds, and investment companies we work with have all transactions exceeding EUR 1,000, which is why a personal approach is appropriate.
Our B2B clients appreciate individual care and fast communication. We are ready to provide comprehensive services from initial consultation to regular monthly reporting.
Our AML Service Pricing
Our prices are more than competitive compared to external AML officers:
- Entry fee: EUR 600 + VAT covers system integration, sharing of machine code, redirect setup in cooperation with our IT team,
- Monthly fee: EUR 200 + VAT includes 1 hour of AML officer legal work, which is sufficient for most of our B2C clients.
Standard pricing for an external AML or MLRP officer ranges from EUR 2,500 to 3,500 per month. With us, you get the same quality services for a fraction of the cost, which fully satisfies our clients.
Why Choose Our AML Services?
- Professional law firm with a qualified MLRO and established infrastructure that we are willing to share,
- Our clients appreciate that we provide them with machine code for our forms, which they can implement into their solutions so their customers do not leave their web or app environment due to AML checks,
- Individual approach to each client,
- Competitive pricing compared to external AML officers-we are 20x cheaper and highly effective,
- Automated pre-screening option for B2C clients and long-term low compliance costs,
- Fast processing, ticketing system, and transparent communication,
- We also provide services to crypto companies. Learn more about MiCA in this article and about ready-made companies here.
Order Our Services
If you are looking for a reliable partner for AML compliance, do not hesitate to contact us. We will be happy to offer you an individual solution tailored to your needs.
Contact us today and ensure smooth AML operations for your company!
FAQ
What are AML services for businesses?
AML processes are established rules and procedures against money laundering and terrorism financing that comply with legal requirements and supervisory practices (compliance).
Who must fulfill AML obligations?
Entrepreneurs and companies that fall under obligated persons or address regulatory requirements in financial, investment, or crypto services.
What specifically can Modernipravnik.cz help with?
Assistance typically includes setting up internal processes and policies, preparing AML/KYC documentation, risk assessments, and related compliance consulting. We also provide external AML officer services, also known as MLRO.
Can you also prepare AML documentation for us?
Yes, we have the practice and experience in drafting documents linked to processes to ensure they remain usable long-term internally and serve as supporting documents for banks, notifications, or licenses.
Can you help us with AML risk assessment?
Yes, risk assessment is according to ModerniPravnik.cz one of the key AML obligations when you want to implement simplified AML processes across the board, and it is a recommended approach.
Is AML risk assessment just a formality?
It is a strategic process based on the risk assessment document, and the result is an AML opinion from which further AML measures and client monitoring intensity derive.
Can you assist with communication with the Czech National Bank (ČNB)?
Yes, in related services ModerniPravnik.cz provides representation or support in communication with the Czech National Bank and we will guide you through the licensing or notification process. We can also help you with communication with the Financial Analytical Office (FAU) or when establishing accounts.
Can you prepare a company for a license or registration?
Yes, our support includes documentation preparation, compliance plan setup, and responding to regulator comments during proceedings.
What is the main benefit of AML compliance for businesses?
Properly set up AML reduces regulatory and reputational risks and helps avoid problems during inspections or when dealing with supervisory authorities.
What happens if AML obligations are not met properly?
There is a risk of remedial measures, activity bans, reputational damage, and in extreme cases, criminal liability of the legal entity due to negligence, which can end the entire project. For example, for crypto projects, it becomes practically impossible to obtain a MiCA license, as such a project ends up on a blacklist.
Do you handle AML for crypto companies?
Yes, we provide AML and compliance support for crypto companies, investment, payment, and other regulated business plans. Learn more about MiCA licenses in this article and about ready-made companies here.
Can you also help after initial setup?
Yes, we will help you with setup, connect you with our IT team, and provide long-term support, ongoing compliance tasks, and monitoring of regulatory changes (upon request).
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