Anti-money laundering
Legislative requirements on both the regulated and non-regulated sectors to combat money laundering, terrorist financing and other forms of financial crime are sometimes onerous and often complex.
Moreover, ensuring that firms have effective systems and controls in place to combat money laundering and financial crime is a major focus area for the FSA.
We have broad experience in assisting firms to comply with the requirements in this area, providing advice in relation to the FSA's rules and expectations, the underpinning EU Directives and domestic legislation and the Joint Money Laundering Steering Group Guidance Notes.
We have assisted a number of firms with the development of a risk based approach in response to legal and regulatory requirements and are well-placed to advise firms new to this area on how to meet their obligations.
In addition to providing general advice we can undertake compliance and due diligence reviews in relation to anti-money laundering requirements and provide reports to senior management on the state of compliance.