Managing financial crime risks
The regulatory landscape for sustainability issues is evolving quickly, touching everything from environmental crime to supply chain corruption, often with extra-territorial application. We have particular expertise in advising organisations in relation to financial crime risks, whether arising directly or indirectly, with experience of advising different organisations across a range of sectors on the adequacy of their procedures to tackle such risks.
We specialise in advising corporates in respect of the risks that may attach to specific projects or transactions, whether those risks concern bribery and corruption, potential money laundering, or the breach of sanction controls, for example. We also have extensive experience in conducting detailed audits of an organisation's approach to financial crime risks in general, including reviewing and drafting effective and proportionate policies and guidance, identifying weaknesses in processes, or providing training and courses to ensure compliance. In the event that there is a suspected issue, we are able to investigate any suspected breaches and provide the necessary remedial advice to restore compliance to an organisation.
In particular, we have significant expertise in advising on the application of the UK's Bribery Act 2010, which creates the criminal offence of failing to prevent persons associated with a commercial organisation from bribing another person on behalf of that organisation, and the application of the UK's Criminal Finances Act 2017, which creates very similar offences in respect of tax evasion.