Supervision

The Special Unit for the prevention of Money Laundering and the Terrorist Financing which operates under law 4557/2018, has the intention to check the compliance of the supervised by the Hellenic Capital Market Commission obliged persons (as defined in Article 6(1)(b)) with the obligations imposed by law 4557/2018.

In this context, the Special Unit issues directives and announcements, prepares lists of typologies of suspicious behavior, organizes workshops for the prevention and suppression of money laundering and terrorist financing and carries out checks on obliged persons for the assessment of implemented procedures. For any deficiencies or violations found from these controls, the obliged persons are imposed remedies or sanctions.

Also, the Special Unit works with European and other organizations, in particular the Financial Action Task Force (FATF), in satisfying uniform treatment practices of money laundering and terrorist financing, for the disclosure of important announcements and the coordination of regulation and the improvement of the current regulatory framework.

See also the relevant Topic.