AML and financial crime

Our team comprises lawyers with extensive experience in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulation across multiple jurisdictions in the UK, the EU and the rest of the world.

We have been closely involved in the development of industry guidance for the e-money, payments and cryptoasset sectors, and regularly engage with legislators and regulators through consultations and the implementation of new legislative frameworks.

Representation

We assist clients by providing expert advice and opinions on regulatory obligations, and we have represented firms before the Financial Conduct Authority, securing favourable outcomes.

Compliance

We carry out staged regulatory investigations to help clients prepare for FCA visits and reviews, and conduct regular AML audits to test and evaluate compliance programmes, providing practical recommendations where deficiencies are identified.

International

Our international clients engage us to develop and implement risk-based approaches to AML, CTF and sanctions compliance, tailored to individual products and services. We also advise on the duties and liabilities of designated individuals, senior management and governing boards.

The firm has dedicated experts in drafting policies and procedures addressing key AML obligations, including internal and external suspicious activity reporting and customer due diligence (CDD). This includes advice on simplified, enhanced and electronic CDD. We also support clients in implementing national risk assessments, the UK Joint Money Laundering Steering Group Guidance and EU supranational risk assessments. Our team assists in designing risk assessments that consider product, customer, channel and geographic risks, and in developing policies that are appropriately sensitive to those risks.