We employ highly experienced solicitors and practitioners with extensive expertise in Anti-Money Laundering Regulations. Below are some key aspects of our approach and services:
The most recent update to the UK’s AML Regulations, the Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 (“the Rules”), came into force on 1 September 2022. We remain fully informed of these developments, ensuring compliance and tailored guidance for our clients.
Over the past 12 years, We have managed intricate property sale and purchase structures involving both UK-based and international financing. This requires a comprehensive understanding of UK sanctions regulations and the legal considerations surrounding Politically Exposed Persons.
When necessary, We work alongside King’s Counsel to navigate the evolving legal landscape in this complex and sensitive area. This collaborative approach allows us to deliver unparalleled service and expert advice regarding the legitimacy of clients’ funding arrangements in the UK.
The consequences of failing to verify and properly check client funds are severe. Funds can be seized by the National Crime Agency, as demonstrated by a recent case in which the NCA recovered £780,000 in the first UK forfeiture of sanctioned funds. This risk applies even to sale transactions, as the source of funding from the original purchase may be scrutinised due to changes in the Rules or case law.
We are committed to safeguarding our clients’ interests by ensuring full compliance with AML Regulations and providing expert guidance tailored to their unique needs.
Our Office:
33 St James’s Square, London, SW1Y 4JS
Email: info@rsl-law.co.uk
Tel: +44(0)207 0605333
