With our primary focus on white-collar crimes, our team of lawyers has gained extensive experience dealing with the intricacies of financial crimes, anti-money laundering, and counter-terrorism financing.
Recently, India's finance ministry issued a notification stating that Virtual Asset Trading, custody, and related financial services are now subject to anti-money laundering laws. This move is in line with the global trend of enforcing anti-money laundering requirements on digital asset platforms, bringing them in line with the regulations imposed on other regulated businesses such as banks and stockbrokers.
Keep your business well equipped to accept the regulatory changes with us. We, at Finlaw Consultancy, would be pleased to offer our assistance as you remain focused on expanding your business.
Having associates in more than 16 countries and knowledge sharing partner located in various parts of the world, including the UAE, Europe, Singapore, India, the United Kingdom, and the United States, we are committed to providing you with global access to our services. What differentiates us from the traditional law practice is our ability to master the regulatory standards of multiple jurisdictions, which makes it more convenient and comfortable for international corporations to work with us.
Our team of AML experts has years of experience in the industry and can help you develop and implement an effective AML program.
We understand that each business is unique, which is why we provide customized solutions that meet your specific needs.
We stay up-to-date with the latest regulatory requirements to ensure your business remains compliant.
AML policies are designed to prevent the use of the financial system for money laundering and terrorist financing. It's important to have well-documented AML procedures and policies in place to ensure regulatory compliance and protect against financial crime.
This ensures our clients are up-to-date and effective in preventing financial crime. As regulatory requirements change over time, it's important to review policies periodically to ensure they are still relevant and effective.
This service involves helping businesses verify the identity of their customers and assess the risk associated with their transactions. It's important to conduct thorough KYC and CDD checks to prevent money laundering and terrorist financing.
Through this we help businesses assess their risk exposure to financial crime and create risk profiles. Understanding the risks a business faces is essential in developing effective AML policies and procedures.
This includes training employees, conducting AML risk assessments, developing policies and procedures, and monitoring compliance with regulatory requirements.
This service involves conducting a health check to identify any gaps or weaknesses in a business's AML and CFT compliance framework.
AML litigation can be complex, and businesses may require specialized legal expertise to effectively defend themselves in court. Taking over ongoing AML litigation can help our clients navigate legal challenges related to financial crime.
Our team of AML experts provides consulting services to businesses and financial institutions. We can help you develop and implement AML policies and procedures and conduct risk assessments.
“In some countries, including the United States, the obligation of financial institutions is to report “suspicious activities” rather than “suspicious transactions. 69 The meaning of the former expression is somewhat broader than the latter, since it includes suspicious transactions and other circumstances that raise suspicions of criminal activities.”
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