Money Laundering

"They are the country's premier niche white-collar firm. They are very savvy and understand how the corporate world works - a very good outfit."

Chambers and Partners

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

 

Multi-disciplinary, multi-jurisdictional, high profile, long established practice, perhaps the most famous firm in the field.”

Legal 500 UK 2021

Always a strong, gold star firm."

Chambers UK 2021

Universally respected by its peers, many of whom look enviously at its happy workforce, media profile and public standing.”

Legal 500 UK 2021

They have a fantastic team."

Chambers UK 2021

They are responsive, imaginative and dedicated professionals.”

Legal 500 UK 2021

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

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

Fantastic insight into the procedural aspects as well as the substantive law" of large-scale money laundering cases."

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

Outstanding practice which frequently defends corporate entities and high-profile individuals in restraint and money laundering matters."

Chambers and Partners UK

Money Laundering Insights

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News

Corporate criminal liability review could yield “radical and seismic” changes - Louise Hodges quoted in GIR

Alun Milford quoted following UK Governments "fence sitting" approach to reforms of corporate criminal liability laws

City may face flurry of litigation after ‘FinCEN’ dirty money revelations - Nicola Finnerty quoted in The Times

Companies House powers boosted to tackle £137bn dirty money deficit - Alun Milford quoted in Accountancy Daily

Alun Milford quoted extensively following Government's announced proposals to introduce an economic crime levy

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Blogs

Account Freezing Orders – Court makes €1.9 million Forfeiture Order

Online casino fined £3 million for "systemic" AML failings

The (quiet) extension of the AML regime: an overview

Subject of Unexplained Wealth Order now hit with Account Freezing Order

The Fourth AML Directive - The current roadmap and possible changes to the AML landscape two years on

AML: HMRC flexes enforcement muscle to the tune of £7.8 million

Cross-border criminal justice post-Brexit – Operation Yellowhammer

AML failure: Gambling Commission takes action

NCA obtains first UWO against a suspected organised criminal – a change in approach

Overhaul of SARS regime to be welcomed

Unexplained Wealth Orders for prime property

New ICAEW sanctions guidance on criminal convictions, cautions and Anti-Money Laundering

Crunching the numbers: is the National Crime Agency right to seek additional funding?

The Draft Registration of Overseas Entities Bill - An Overview

SRA AML audits: be prepared

SRA to undertake AML audits as enforcers keep focus on “professional enablers”

Estate agents come under the HMRC spotlight

No deal Brexit and financial crime: proposed regulations published

Routinely and aggressively pursuing money-laundering investigations: the verdict on the UK’s AML regime

Tackling illicit finance: lawyers under the spotlight

AML: targeting the professional enablers – action not just talk

Financial Crime: Analysis of firms' data – first report

Ensuring crime doesn’t pay: confiscation regime under review

The UK’s new National Economic Crime Centre

Unexplained Wealth Orders – can you prove the legitimate provenance of all of your significant assets?

Canada relaxes cannabis laws: what this might mean for the UK investor

AML: reforming the suspicious activity reporting regime – have your say

New police training indicates authorities believe cryptocurrency is here to stay

Corporates in the spotlight: NCA and SFO confirm tackling money laundering a strategic priority

The FCA Annual Report 2017-18: Anti-Money Laundering takes centre stage

FCA: Criminal prosecutions for AML systems and controls failings – a step too far?

Beyond #Brexit: new anti-money laundering regime agreed

Anti-Money Laundering: will new EU regime impact the UK?

Sanctions and Anti-Money Laundering Bill – Second Reading

Bringing cryptocurrencies in from the cold

Gambling Commission imposes record fine on William Hill for anti-money laundering failures

What you need to know about Unexplained Wealth Orders

Bitcoin and cryptocurrencies – regulation on the horizon to combat cyber-crime?

The New Money Laundering Regulations: A Game of Risk

OPBAS – FCA consults on the “supervisor of supervisors”

Privilege, Confidentiality and the Challenge of Modern Technology

PEPs and anti-money laundering: The FCA issues guidance

EU Anti-Money Laundering rules: tackling risky business and reckless conduct

Anti-Money Laundering: new rules and regulations in play

FCA prepares for Fourth Money Laundering Directive

Tough action against solicitor who laundered proceeds of bogus investment scheme

FCA guidance on how firms should deal with PEPs: a proportionate approach

OPBAS: A supervisor of supervisors?

Tackling overseas corruption: Committee recommendations for Department for International Development.

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