Businesses are facing increasing and changing AML enforcement. The effect of international and supra-national agencies, which support governments in their efforts to control money laundering, is increasingly visible.
Our team has extensive experience working with and advising clients on the strict rules surrounding money laundering and the financing of terrorism. We think hard about the money laundering risks which are particular to our clients’ industries and sectors, and work with them to mitigate risks, including by advising on the design and implementation of strong AML programmes, training programmes and controls testing.
We are also experienced in the investigation and prosecution of money laundering offences (including the inside experience of a former money laundering prosecutor) and our criminal litigation expertise helps us to advise clients on navigating such investigations and prosecutions, whether domestic or cross-border mandates. In doing so, we keep front of mind the strategic and commercial implications of suspected money laundering.
Some examples of our experience include:
- Advising an American private equity firm on AML procedures and financial crime prevention strategies;
- Advising a major Australian bank in relation to commodity trading and AML regulation in Japan;
- Advising a multinational defence contractor on privacy matters relating to the expansion of its AML compliance service offering, including preparation of policies and procedures;
- Acting for a major securities brokerage to assess potential breaches of Hong Kong's AML legislation in respect of introduction arrangements for clients;
- Advising one of the UK's largest retail and commercial banks on money laundering and tax evasion risk;
- Leading investigations for a major international investment bank into serious whistleblowing complaints raised by members of the bank's AML team;
- Advising a major financial institution in a challenge to a regulator in relation to AML requirements for Cypriot clients; and
- Advising two senior representatives of a major Middle East bank in preparation for FCA interviews on the bank's AML processes/procedures and adequacy of AML arrangements.
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