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AML Compliance Services

Money laundering occurs when criminals disguise the origins and ownership of funds to legitimise illicit activities. Anti-Money Laundering (AML) regulation in Europe therefore sets stringent obligations that need to be met. Failure to maintain effective AML systems can result in the involuntary support of the aims of terrorists or other criminal enterprises, regulatory intervention resulting in substantial monetary penalties, and reputational damage.

Legislation on money laundering is complex and is renowned for its strict rules and regulations, with recent sanctions reaching record levels.

Companies and individuals can be caught up in money laundering unknowingly as offences can be committed not only where a person has knowledge of money laundering, but also where they merely suspect it. We can help you find solutions to both the known-knowns and the unknowns-unknowns.   

Range of Services

Our team offers unrivalled advice to clients on all the key pieces of European AML legislation which govern money laundering. Our high level of experience means we provide truly expert advice to companies and individuals who are subject to investigations concerning money laundering. We go beyond traditional legal advice, by helping companies with implementing anti-money laundering procedures for compliance with European and national AML laws and regulations and to minimise the risk of being investigated for offences. 

We therefore offer a variety of AML services within a modular system with individual building blocks that vary subject to the needs of the client: 

  • AML governance review in particular jurisdiction
  • AML risk management review
  • Assistance in the design of AML program or review/assessment of existing program 
  • Assisting in the drafting of AML policies and procedures to be in line with the local regulations
  • Quick support with data collection and completion of reports, including UBO identification, performed at a relatively low cost by legal support staff of our international Condor Flight Service line by using third-party databases such as Name Scan and Lexis Diligence
  • Business Risk Assessment Consulting (BRA) 
  • Know Your Customer (KYC) Consulting and Customer Risk Assessment Consulting (CRA)  
  • Subject matter expert review of higher risk KYC files
  • Regular KYC file refresh
  • Transaction Reviews/Lookbacks/Investigations
  • Providing regular AML compliance reviews and remedial services and providing recommendations for improvement 
  • Designing and delivering of tailored and focused AML training programs aimed at various levels of the staff complement within your organisation
  • Assistance with responding to regulatory inspections and requests
  • Assisting in the preparation of regulatory returns, e.g. Risk Evaluation Questionnaire (REQ) 
  • Providing other AML Consultancy Services
  • Defence in administrative offence proceedings 
  • 24/7 AML Hotline