Morgan Rose can help businesses by advising on the current anti-money laundering legislation and providing bespoke advice for companies and MLRO's depending upon the nature of the business they are involved in. Getting the correct advice early on means that the business can operate with confidence that it understands the law applying to it and has systems in place which can be relied on, and which are capable of audit and scrutiny if an investigation ever requires it.
We have years of experience in defending headline cases where the allegation is money laundering. Individuals and companies in most sectors can be exposed to the risk of criminal investigation and prosecution for offences of money laundering.
The penalties for failure to comply with the legislation are severe (14 years imprisonment as a maximum) and can involve employees, employers and particularly Money Laundering Reporting Officers (MLRO's) of companies in a way never expected.
The burden of the current legislation to tackle money laundering is incredibly challenging. The regulations include the Money Laundering Regulations 2007 and the Proceeds of Crime Act 2002. These require businesses to have systems in place to minimise the risk of abuse by money launderers and to be able to recognise suspect transactions or business and act accordingly.
Morgan Rose is able to offer advice and representation on an emergency basis if the unthinkable happens and you or a member of staff has been arrested.
We believe that this should be avoided at all costs and prevention is better than cure. The damage to reputation, inconvenience and burden on resources that a criminal investigation can cause must be avoided at all costs.
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