Anti-money laundering (AML)

Overview

The Hall & Wilcox Financial Services team has extensive knowledge and expertise in respect of the new Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Act).

Since its introduction, we have been advising clients to employ an anti-money laundering (AML) and counter-terrorism financing (CTF) program, in accordance with their legislative obligations. Our clients value our proactive approach and technical abilities to guide them through the process.

We advise on the full range of AML/CTF issues, including:

advice on the application of the Act;
AML/CTF compliance programs and relevant requirements;
implementation requirements and priorities;
legal/contractual documentation impacted by AML/CTF obligations;
compliance systems and programs, incorporating ongoing operational review; and
dealing with regulators and managing regulatory issues.

Experience

Our team is currently advising many of its funds managed clients, wholesale and retail, on their obligations under the recently enacted AML/CTF legislation and assisting in the preparation of their AML/CTF Program.

Publications

AMLCTF Update ‑ 27 October 2011
New AML obligations - less than 3 weeks left ‑ 24 November 2008
AML: Compliance reports due 31 March 2008 (other than managed investment schemes) ‑ 28 March 2008
AML and Managed Investment Schemes: Act applies from 31 January 2008 ‑ 30 January 2008
AML : Did you miss the deadline? ‑ 17 December 2007

Expertise