We are adept at dealing with cross-border issues faced by clients in the UK and abroad and such matters often involve money laundering concerns. We understand the increasingly challenging global regulatory environment that places strain on businesses, and can lead to investigations from authorities in the UK, Europe and beyond.
Our expert team is perfectly placed to advise on the development and implementation of internal anti-money laundering policies and procedures, as well as conducting internal compliance audits. We also have significant experience of dealing with money laundering breaches, investigations, and prosecutions - with the aim to avoid issues progressing to trial and serious sanctions wherever possible. We have extensive experience of negotiating with authorities across industry sectors, and dealing with both money laundering and counter-terrorist financing probes.
Michael Potts is a committee member of the Law Society's Money Laundering Task Force and has lectured extensively on the subject.
Notable Experience
- Advised and acted for a financial institution in a high-profile and sensitive money laundering investigation involving multiple regulators and jurisdictions; successful in securing a favourable outcome with no regulatory action initiated and reduced penalty.
- Advised crowd-funding platform on anti-money laundering compliance including on-boarding requirements, CDD, reporting of suspicious transactions, and ongoing monitoring and reporting requirement.
- Advising a senior executive of a techology-based lender facing serious money laundering and sanctions probes in multiple jurisdictions.