AML & KYC – Anti-Money Laundering and Know Your Customer

AML (Anti-Money Laundering) and KYC (Know Your Customer) are complementary processes through which institutions and companies prevent the use of the financial system or business relationships for illegal purposes. These processes involve verifying clients’ identities, monitoring transactions, and implementing internal procedures to ensure transparency and compliance. By implementing internal programs, you protect your business from legal and reputational risks, while also ensuring compliance with national and international legislation.

Our services in AML & KYC – Anti-Money Laundering and Know Your Customer

Drafting and updating internal AML & KYC policies;

Client identity verification and ultimate beneficial ownership identification;

Assessing compliance risks associated with clients and business partners;

Monitoring transactions and detecting suspicious operations;

Submission of suspicious transaction reports to the competent authorities;

Compliance auditing and internal procedure testing;

Employee training on AML & KYC obligations;

Assistance with the digitization and secure archiving of client data;

Consultancy and representation during government inspections;

Assistance in implementing remediation plans and compliance solutions.

Our experience in AML & KYC – Anti-Money Laundering and Know Your Customer

With over seven years of experience in key roles within supervisory authorities, Mihai Soțchi played a direct role in drafting Law no. 308/2017, Law no. 75/2019, and the associated regulatory framework. Since 2021, together with Andrei Bazatin, he has been assisting reporting entities in implementing and enhancing internal AML & KYC policies, ensuring compliance and operational efficiency in control processes.

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Our Professionals in AML & KYC – Anti-Money Laundering and Know Your Customer

Andrei Bazatin

Partner

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Mihai Sotchi

Mediator, AML Expert

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Relevant posts in AML & KYC – Anti-Money Laundering and Know Your Customer

AML & KYC – Anti-Money Laundering and Know Your CustomerMar 30, 2026

Real KYC versus formal KYC: when internal policy is no longer enough

In practice, many companies limit themselves to a formal KYC, i.e. adopting internal policies, collecting documents and filling out forms, without actually applying them. This model only produces the appearance of compliance, without ensuring real control over risks. In contrast, a real KYC involves an ongoing process: correctly identifying the customer and the beneficial owner, assessing risks, periodically updating data, monitoring transactions and keeping evidence that justifies the decisions made.