Anti Money Laundering

Lex Mercatoria Solicitors has extensive experience advising financial institutions and other law firms on anti-money laundering (AML), countering-terrorist financing (CTF) and economic sanctions legislation applicable to financial transactions. We advise on:

  • Compliance with the requirements of applicable Proceeds of Crime Acts

  • Compliance with economic sanctions legislation

  • Advising with respect to reporting requirements under applicable legislation

  • Advising on client identification requirements, know-your-customer requirements, record-keeping requirements, ongoing monitoring reporting requirements and privacy considerations surrounding voluntary reporting

  • Helping clients in the development of their product and customer-risk categories and their own inherent risk assessments as part of their compliance programs

  • Drafting bespoke client AML/CTF compliance programs

  • Assisting clients with operational adjustments to comply with AML requirements

  • Advising on the intricate requirements of the legislation with respect to politically exposed persons (PEPs)

  • Providing AML advice specific to existing products and new product initiatives

Our clients benefit from our experience in advising internationally licensed and regulated businesses that are subject to local AML/CTF legislation.