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Is a Slovak branch of a foreign securities trader obliged to have its own AML programme?
We are a branch of a foreign securities trader licensed in one of the EU states. We provide investment services in Slovakia based on the so-called single European passport. Our company, or rather the founding organisation of our branch, has developed an AML programme describing how the company and all its branches proceed in preventing money laundering and terrorist financing.
How Can We Protect New Software?
In our company, a team of employees is working on developing a new software intended for a specific group of our clients. This new software aims to increase the attractiveness of our services and improve sales. The internal team only specifies the software’s requirements, while the actual coding is done by an external IT company. We operate in a highly competitive industry, and the staff turnover in our company is relatively…