The PEP and Sanctions services allows you to comply with AML law, which requires companies in various sectors, including real estate, insurance, lawyers, online gambling, etc., to develop customer analysis to prevent terrorist financing and money laundering, in particular, to investigate whether its client qualifies as a PEP.

In addition, according to international law, they still have to check whether their client is on the EU and UN sanctions lists.

LUSOPAY makes available to obliged companies, services that contains the same analysis tool that LUSOPAY uses in the analysis of its clients, ensuring that they can, at affordable prices, fulfill this new legal obligation and avoiding the sanctions provided in the law.

In addition to fines, there are additional sanctions like:

a) Loss, in favor of the State, of the object of the infringement and of the economic benefit obtained by the agent through its practice;

b) Closure, for a period of up to two years, of establishment in which the agent carries out the profession or activity to which the offense relates;

c) Prohibition, for a period of up to three years, of the exercise of the profession or activity to which the offense relates;

d) Inhibition, for a period of up to three years, of the exercise of functions of administration, management, leadership, ownership of corporate bodies, representation, mandate and supervision in entities subject to the supervision or supervision of the competent sectoral authority and the entities that are responsible for them. are in a domain or group relationship;

e) Publication of the final or final decision.