Plesner provides advice on all Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT) aspects. Our advisory services to financial services companies and other individuals and companies comprised by the relevant legislation are based on in-depth knowledge of the increasingly complex and detailed legislation and the authorities' specific actions.
National and international authorities and organisations as well as many other stakeholders pay a lot of attention to AML/CFT rules. EU plays a major role in AML/CFT and a full new EU AML/CFT legal package was recently adopted, transforming what was previously regulated via Directives into Regulations with direct applicability in Denmark and other Member States. For the national implementation and enforcement of the AML/CFT rules, the Danish Financial Supervisory Authority (FSA) plays a major role, as does the National Special Crime Unit (in Danish: National Enhed for Særlig Kriminalitet (NSK)) in relation to investigation and prosecution of alleged violations of the AML/CFT rules.
Obliged entities under the AML/CFT legislation include both the financial industry and designated non-financial businesses and professions. They all have to comply with very complex rules on risk assessments, customer due diligence, record keeping, transaction monitoring, internal investigations, reporting etc. Plesner is able to provide advice and hands-on assistance to the implementation of all these requirements, including providing advice on the implementation of all key provisions, drafting of risk assessments, drafting of policies and guidelines, and conducting training of staff. Plesner also has solid experience in conducting internal investigations in obliged entities under the AML/CFT rules to uncover potential violations of the rules, as well as serving as counsel, including defence counsel, for companies subject to reviews or investigations by the authorities.
Plesner has in-depth knowledge of all rules and practices in respect of AML/CFT. Our anti-money laundering expertise is gained from working at the Danish FSA, the national Financial Intelligence Unit, the European Commission as well as major banks.
