A Week of Sanctions: how should firms respond?
It has been a fast-moving week for the world and the main pillar of the international response in relation to the Ukraine Russian crisis has been the imposition of strict sanctions against Russian and Russian-linked businesses and individuals by jurisdictions around the world. The UK Government has been particularly active in this respect. All of […]
Best Practice Guidance for AML and CTF risk assessments
All financial services firms in the UK are required to carry out risk assessments for Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF). Yet a survey of AML audits reveals that some firms do not have risk assessments, and many that do, fail to record the rationale they adopted when arriving at their risk assessment. Effective AML […]
