Corporate Compliance

In the past we traditionally used to adapt compliance procedures of foreign companies to the Spanish legislation in order to implement them in their Spanish subsidiaries. However, the reinforcement of the obligations and controls in our country which has been occurring in recent years has made it necessary to introduce the concept of compliance even to Spanish companies. Against the widespread belief, compliance is not something intended for listed companies only, but is actually applicable to all companies, regardless of the size.

Our compliance services are oriented towards the areas of criminal compliance, money laundering, corporate governance, contractual compliance, data protection, and labor risk prevention. Depending on each particular case, our services include implementing or reviewing SIPDs (crime prevention system protocols) or adjusting the parent company’s existing systems to the Spanish legislation, as well as supporting a proper and flawless implementation of the provisions of compliance codes and providing advice to corporate compliance officers, where necessary.

One has to point out that compliance codes must not be considered an obstacle or burden. When properly understood and implemented, which is one of our functions (like avoiding developing nice sounding, but useless codes which only create administrative burdens), they notably improve a company’s efficiency and prevent conflicts and litigation. Additionally, they minimize possible negative consequences once a conflict or damage has already occurred.