Even the most careful of businesses and individuals can unwittingly get caught up in money laundering offences.

Money laundering is the way in which money made from illegal activities is disguised and then often passed through one or a number of legitimate businesses.

Changes in money laundering legislation brought about by the Proceeds of Crime Act (POCA) 2002 and Money Laundering Regulations 2007, mean that more individuals or businesses handling money can fall foul of the legislation. Robust policies and systems are essential.

Money laundering offences are complex and can relate to transferring, converting and retaining criminal property as well as non-compliance under the regulatory regime. They are also increasingly used by enforcement agencies in fraud, corruption and financial crime cases.

If you or your business is being investigated for money laundering it can have serious consequences including hefty fines, asset confiscation and imprisonment.

Your employees, family and friends may also face prosecution if the authorities believe they should have known that income may have been coming from dishonest or criminal means.

Getting expert advice at an early stage of an investigation can dramatically reduce the chances of a prosecution.

Our money laundering solicitors have successfully represented professionals including lawyers and accountants, individuals and company directors as well as numerous organisations being investigated for money laundering offences.

Prevention is always better than cure. The forthcoming implementation of the fourth EU Money laundering Directive is likely to place more burdens on business. Our anti-money laundering (AML) compliance solicitors have the ‘real world’ experience that gives added value. We can help you with AML policies, procedures and audits.