Financial Compliance

Financial compliance refers to the adherence of individuals, businesses or organizations to the laws, regulations, and standards governing financial activities and transactions. These regulations are put in place by the government of Portugal and regulatory authorities to ensure transparency, accountability, and the prevention of fraudulent or unethical practices in the financial sector.

Financial compliance covers a wide range of areas, including but not limited to:

• Anti-money laundering (AML)
• Know your customer (KYC)
  • Procedures to verify the identity of customers.
• Tax compliance
• Securities and Exchange Commission (SEC) compliance
• Sarbanes-Oxley Act (SOX) Compliance
  • Compliance with regulations to enhance corporate governance and financial reporting transparency for public companies
• General Data Protection Regulation (GDPR) compliance
  • Ensuring the protection  of personal data and privacy rights of individuals
• Consumer protection
• Fair lending practices
• Payment card industry data security standard (PCI DSS) compliance
• Financial reporting compliance
  • Adherence to accounting standards and requirements for accurate and transparent financial reporting

Failure to comply with financial regulations can result in severe consequences. Therefore, financial institutions, businesses, and individuals must establish robust compliance programs to ensure adherence to applicable laws and regulations and maintain the integrity of the financial system.

Certain financial compliance procedures in Portugal can be intricate and bureaucratic, making it challenging to navigate them accurately without local guidance.

Our pledge is to give our customers a comprehensive service of financial compliance.

Our service includes:

• • Opening a bank account in Portugal and receiving bank services in Portugal
  • Financing and obtaining loans from Portuguese banks
  • Communication with banks and proof of compliance with the expected terms
  • Tax advice
  • Obtaining grants and funding from Portuguese and European bodies
    
    

One of the services we specialize in is combining the tax regulations of Portugal with the tax regulations of other countries. As an international business person, both local and home country’s tax regulations must be considered. We make sure you abide by the law if you work internationally.