Anti-Money Laundering & Countering the Financing of Terrorism (AML/CTF)

As regulatory requirements and the attitude of regulatory institutions towards combatting money laundering and the financing of terrorism, as well as sanctions compliance become stricter, financial institutions and other obliged entities face new challenges in implementing them. We assist our clients in ensuring compliance with legislative requirements and implementing best international practices in their operations.

In addition, companies engaged in international trade or industries with increased AML/CTF/Sanctions risks should assess their risks related to money laundering and sanctions compliance and, where necessary or requested by a bank, develop an internal control system.

We have experience advising market participants and working with regulatory institutions. We also provide consulting services to clients conducting external audits of money laundering prevention and international sanctions implementation, as well as preparing and implementing clients’ internal policies and procedures through legal assessments. We represent clients in their dealings with supervisory institutions and other entities. We assist with various situations, from preparing for operations and ensuring proper conduct of activities to providing consultation and representing clients during and after inspections.

Further, we have experience in developing voluntary internal control systems for companies engaged in international trade or representing higher-risk industries (trade in oil products, steel products, IT components, electronics, etc.).

We can help you with

  • Addressing deficiencies identified during inspections by supervisory institutions, and preparing and implementing action plans during inspections
  • Developing processes and procedures for the prevention of money laundering and terrorism financing, and compliance with sanctions within your institution
  • Conducting external audits of money laundering and terrorism financing prevention
  • Developing the Know Your Business Partner (KYBP) process
  • Other matters related to money laundering prevention and sanctions

Contact us