What we do
- Legal and compliance risk assessment
- Anti-money laundering programs (AML/CFT)
- Anti-corruption, conflict of interest, gifts and donations policies
- Due diligence on partners, customers, suppliers and intermediaries (KYC/KYS)
- Whistleblowing channels, internal investigations and response protocols
- Code of conduct, bylaws and board regulations
When to contact us
- Your company is a regulated entity under anti-money laundering rules.
- A foreign partner, bank or customer asks for your compliance policies.
- You will contract with the State or with companies that require due diligence.
- You detected an internal irregularity and need to investigate it properly.
Legal basis
- Organic Law against Organized Crime and Terrorist Financing (LOCDOFT, 2012)money laundering, regulated entities and corporate liability.
- Anti-Corruption Lawoffenses against public assets and duties of State contractors.
- Rules issued by UNIF and sector supervisors (SUDEBAN, SUNAVAL, SUDEASEG)sector-specific obligations.
Frequently asked questions
What is a compliance program?
It is the set of policies, controls and responsible people a company uses to prevent, detect and correct legal breaches. An effective program starts from an analysis of the company's real risks, has management backing, trains staff, is monitored and is updated. It is a practice, not a document.
Which companies are regulated entities for anti-money laundering purposes in Venezuela?
Banking, securities and insurance institutions, and other activities identified by the LOCDOFT and sector rules, such as certain high-value businesses, exchange houses or payment service providers. Each regulated entity must appoint a compliance officer, know its customers and report suspicious transactions.
Can a company be held criminally liable in Venezuela?
Yes, where the law expressly provides for it. The LOCDOFT, for example, sets penalties for legal entities for offenses committed for their benefit, without prejudice to the liability of their directors. A well-implemented compliance program is the main tool for preventing that risk.