Anti-money launderingMoney laundering obligations is one of the greatest challenges facing global businesses. Anti-money laundering (AML) refers to a set of procedures, laws or regulations designed to stop the practice of generating income through illegal actions. In most cases, money launderers hide their actions through a series of steps that make it look like money that came from illegal or unethical sources was earned legitimately. The implications are far reaching, event though AML laws cover only a relatively limited number of transactions and criminal behaviours.

Please click here for anti-money laundering jurisdictions from around the globe, plus links to team members who specialise in this area.

detsche-bank-cropHuge fines for Deutsche Bank for money laundering offences
In January 2017, Deutsche Bank received fines amounting to about £506m for failure to prevent money laundering. Read more

singapore-skyline-cropConvicted on singles’ day 
Yak Yew Chee became the first individual to be convicted in the probe surrounding Malaysian state fund 1MDB.
Read more

malaysian-flag-1439149_1920-crop1MDB: 1 More Dirty Bank?
The 1 Malaysia Development Bank (1MDB) scandal is nothing short of newsworthy, and the meltdown was not going to be anything short of spectacular. Read more

dubai-aerial-2-cropLaw No. 4 of 2016 on the Dubai Economic Security Center
New law has a view to furthering such objectives as supporting Dubai’s financial stability, protecting Dubai’s economy and enhancing investor confidence in Dubai. Read more

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