Money Laundering

The UK’s anti-money laundering regime is one of the toughest in the world.
 

Tackling the problem of ‘dirty money’ in our financial system remains a key Government priority. Businesses, financial institutions, individuals and their advisers are all bound by our stringent anti-money laundering (AML) legislation. Many are also in the regulated sector so bound by the Money Laundering Regulations 2017 (as amended) [the Regulations]. This includes, for example, solicitors, accountants, bankers, estate agents. The Regulations require them to implement certain checks, controls and procedures to prevent money laundering. A failure to do so is a criminal offence.   

How we can help

We are expert in advising both individuals and organisations who find themselves caught in the fight against financial crime.

From those accused of perpetrating “high-end” money laundering arising from major frauds, terrorist activity and international corruption, to those suspected of facilitating it further along the laundering process. Whether payments are electronic or cash-based, used to purchase crypto, financial or physical property assets; whether parties are knowingly or unwittingly involved – we can assist.

We have an impressive track record in providing criminal defence advice to corporates and individuals alleged to have disguised the illicit origin of funds. 

We also regularly advise those who might be considered enablers - lawyers, trust and company formation agents, investment banks and fund managers, accountants and real estate agents - on the regulatory and criminal law consequences of AML investigations, be they suspects or witnesses. 

In addition:

• We draft policies and procedures to assist organisations in complying with their AML requirements and ensuring they have robust controls in place.
• We provide money laundering training to help businesses stay abreast of the latest developments in AML legislation.
• We provide expert advice on when to make Suspicious Activity Reports (SARs) to the NCA and on compliance with the SARs regime including tipping-off provisions.
• We get involved when clients are accused of a failure to report suspected activity.
• We conduct anti-money laundering audits for individuals and corporate entities and advise on prevention measures and compliance requirements.

Our approach

The legislation underpinning the UK’s AML regime is wide-ranging and complex. We pride ourselves on providing practical, commercial advice.

Where an internal investigation is called for, we can quickly analyse relevant transactions and recommend a strategy. Where a breach has occurred, we look to assist with remediation.  Where allegations require a more nuanced response or robust defence, we look to protect our client’s best interests. 

We recognise that clients want the strongest possible opportunity to avoid the fines, convictions and reputational damage that can follow a money laundering investigation.

If you need advice please contact one of our specialist lawyers.  

WHAT CLIENTS AND DIRECTORIES HAVE SAID

They're one of the firms that is right at the top of the scale. They're very experienced in handling the big cases. They're extremely well resourced and I've never had anything other than a good experience with them."

Chambers UK 2020 – A Client’s Guide to the UK Legal Profession

One of the premier white collar defence teams in London."

Legal 500 UK 2020

They have an excellent reputation, they have a very broad team and they have strength in depth."

Chambers UK 2020 - A Client’s Guide to the UK Legal Profession

Straddles the overlap between contentious regulatory work and financial crime."

Chambers UK 2020 - A Client's Guide to the UK Legal Profession

They are a really outstanding firm - their POCA and asset forfeiture work is absolutely first-class."

Chambers and Partners, 2019

I like using Kingsley Napley because of their depth of understanding of criminal and regulatory matters, and their general strength in depth. They are an excellent firm to have working alongside you."

Chambers and Partners, 2018

Clear and direct in their advice, with very good client skills. They reassure their clients and are responsive."

Chambers and Partners, 2018