For proper compliance with the “LAW ON NARCOTICS, PSYCHOTROPIC SUBSTANCES, NON-AUTHORIZED DRUGS, RELATED ACTIVITIES, MONEY LAUNDERING AND THE FINANCING OF TERRORISM”, No. 8204, its rules and regulations, Grupo Empresarial Sama, S.A. and its subsidiaries fulfills its duties through the Compliance Office, which is in charge of the correct application of the programs and internal procedures developed to prevent money laundering and the financing of terrorism.
In addition, the Compliance Office must provide the information required by the entities that regulate its activities, as it is the case of the General Superintendence of Securities, as well as other institutions that have the legal authority to request information, such as the tribunals and courts of justice of the Republic, foreign legal entities covered by international conventions signed by the country. Information is also provided during procedures arising from external audits specifically contracted by the company.
All the activities carried out by the Compliance Office have the objective to maintain the trust of our clients, safeguard their financial interests, and offer them it greater security with respect to the prevention of money laundering and the financing of terrorism.
On the other hand, clients must meet a series of requirements established in the aforementioned Law No. 8204, specially in terms of indisputable and well-documented evidence of the origin of the funds allocated to their investments, and to keep their personal or institutional file properly updated, as applicable, in the light of the specific requests made and the best practices the company requires.