There are few investigations in the corporate environment which do not raise a money laundering issue. Even where individuals or corporates are entirely innocent of any substantive offence, it is surprisingly easy for a prosecutor to make out a case for money laundering. Awareness of the vulnerability this creates is important in advising any business facing police or regulatory investigation.
We have acted in many cases where money laundering was the main allegation against the client, but in many others it is simply a hazard to be negotiated. For businesses and individuals the Proceeds of Crime Act reporting obligations are a mine field. We aim to advise clients in such a way that the risks associated with it are minimised.
We have a wealth of experience in advising professional clients on the complexities raised by the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2007. We are also authorised by the Law Society to give advice to other solicitors regarding anti money laundering problems.
We regularly assist solicitors who need urgent advice about:-
- The need to make a Suspicious Activity Report (SAR) to National Crime Agency
- The consequences of SARs
- Money on client account - receiving, keeping and returning it
- The regulated and unregulated sector
- Conflicts of interest arising out of money laundering issues
Partners Ben Rose, Ross Dixon and Andrew Katzen are also on the Law Society Anti Money Laundering Panel.