Anti-Money Laundering Disclaimer

Our firm fully complies with Anti-Money Laundering Law 4734/08.10.2020

Our firm fully complies with Anti-Money Laundering Law 4734/08.10.2020. Such legislation is the applicable Greek institutional framework on preventing and combating money laundering and terrorist financing and incorporates the provisions of Directive (EU) 2015/849 and 2018/843 of the European Parliament and of the Council.

The current institutional framework has been primarily established by incorporating the relevant EU legislation, which is aligned with the “Forty (40) Recommendations against money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction” as adopted in February 2012 by the Financial Action Task Force (FATF), which is an international body setting standards and issuing guidelines.

We are required to complete an initial client due diligence (CDD). You may therefore be asked to provide certain information so that we may verify your identity as well as receiving directly from a Class A International Bank a proof of funds statement. The above information is safeguarded by our firm on the basis of the Data Privacy Law 4624/2019

1. Risk Assessment
- Conduct a risk assessment to identify and mitigate money laundering risks.
- Identify the source of funds, verify the identity of the customer, and monitor transactions for suspicious activity.

2. Compliance Program
- Establish a compliance program that includes internal controls, training, and independent audits.
- Tailor the program to the specific risks of the business and review and update it regularly.

3. Virtual Assets
- Be aware of the potential risks associated with cryptocurrencies and non-fungible tokens (NFTs), which are commonly used in the art industry.
- Ensure that your AML policies are in line with the guidance issued by the Financial Action Task Force (FATF) on virtual assets.