Anti-money laundering (AML) and counter-terrorist financing (CTF) legislation can apply to those both inside and outside the financial sector. It is a key area of focus for regulators and law enforcement around the world with possible consequences including criminal prosecution of organisations or individuals, and business threatening regulatory enforcement action.
Different countries have different AML/CTF requirements – both reporting and compliance requirements may vary widely between jurisdictions. Our world-class corporate crime team spans over 25 offices across Asia, Australia, Africa, Europe, the Middle East and the US and is ideally placing us to help you with national and international AML/CTF issues; we are currently doing so for a wide range of cross-sector clients.
Our AML/CTF practice is supported by expertise in the related areas of anti-corruption and economic sanctions compliance, and from our integration with our market leading financial services regulatory practice.
We can help you with issues including developing policies and procedures, reviewing systems and controls, providing training, advice on disclosure and reporting, assessing the potential for criminal and civil liability, helping with internal and external investigations, and AML/CTF in a transactional context.
European Private Bank
Advising a European private bank in respect of Singapore client identification obligations and anti-money laundering regulations
Numerous non-regulated sector companies
Advising numerous non-regulated sector companies in understanding their exposure under anti-money laundering legislation and in making relevant reports, particularly in the context of investigations into other corporate crime issues
A telecoms company
Advising in relation to AML compliance requirements (in particular customer due diligence, record keeping and monitoring) associated with the planned introduction of an e-money product
A global investment institution
Advising on AML and market abuse compliance advice, including money laundering identification issues, the assessment and reporting of suspicious transactions, and evaluation of potential money laundering reporting obligations related to certain transactions
A major company and its subsidiaries
Advising on updating and implementing European AML and sanctions policies and procedures, as well representing them in criminal proceedings in Australia