Anti-money laundering investigations can be costly and can result in serious disruptions to a company’s operations, as well as reputational damage.
Fines and financial penalties can run into the tens of millions of dollars, individuals can be barred from working in the financial sector, and criminal charges can lead to imprisonment.
Financial institutions and major corporations rely on us for AML advice and support. We can assist you in proactively reviewing and updating your corporate compliance program to ensure that it is effective in preventing, identifying, and mitigating AML misconduct. We often assist clients with creating and implementing policies, procedures, trainings, and internal controls tailored to the company’s business and risk profile. We also can draw on the experience of our colleagues at Konexo – our global consulting division – and use our combined skills and knowledge to find practical, cost-efficient solutions.
Our AML lawyers are experienced in assisting companies in conducting internal investigations and in navigating regulatory and enforcement inquiries into potential misconduct. We will draw upon our team’s extensive experience and strong working relationships with authorities to protect your interests and ensure investigations and proceedings are concluded fairly and as swiftly as possible.
Our Anti-Money Laundering capability in Ireland
The regulatory regime for AML in Ireland is comprehensive, based on EU law and is rigorously enforced by the regulatory authorities, in particular the Central Bank of Ireland. We have significant experience of engaging with the Central Bank of Ireland and can help you in relation to all AML issues.
Our lawyers are experienced in all aspects of Irish Anti-money laundering law. Our recent experience includes advising:
- a major benefit consultant on the implications for Irish Pension schemes of new anti-money laundering requirements
- a client in relation to preparing an AML Business Risk Assessment
- various clients about putting in place anti-money laundering policies and procedures
- various clients in relation to issues raised by the CBI in AML supervisory inspections
- funds and crypto asset service providers on issues relating to Russian and Belarus sanctions and required amendments to AML policies, offering documents and / or application forms, including disclosures to the CBI