AML and KYC compliance programs are important methods used by financial institutions and other regulated entities to prevent, detect, and report money laundering and other illicit activities. Our  programs help ensure that your firm is in compliance with laws and regulations that are designed to prevent financial crimes and protect the integrity of the financial system.

As this is a fast-developing area of law, the challenge our clients face is keeping up with constantly evolving legislative change. Having worked in this field for the past five years, our team now includes a former special agent from the State Agency for National Security (SANS), who now leads our work in the area.

Our team has a lot of experience in helping our clients with their AML and KYC compliance programs and thus to become and stay compliant with the ever changing AML regulations. Being an international law firm gives us the necessary knowledge and experience with different AML laws and regulations including in the EU, UK, US and more. In addition we have advised a lot of clients on the process of onboarding their international clients and collecting the necessary KYC documents.

Led by a former State Agency for National Security (SANS) agent, our team is very experienced in dealing with the examination of how the company’s employees apply the AML and KYC procedures which includes stress testing and mystery shopping.

• Stress testing involves simulating an inspection by the control authorities during which the behaviour of employees is examined and monitored in order to minimise the potential risk of fines in future such inspections.
• Mystery shopping involves our team impersonating a new client of a company and analysing how the employee initiating the business relationship implements the AML internal procedures, risk assessment and KYC procedures and thus helping the company to minimise their risk of not being compliant with the AML laws and regulations.