This is a regulated area in which have had experience for over 15 years.
One of our partners had already had experience in carrying out Internal Audits of small banks and had provided services to Somali Bank (UK) Limited. He was also responsible in setting up the UK subsidiaries of over 9 Bangladeshi Banks. This entailed providing the initial on-boarding process with the banks and advising on commercial property selections, in addition to the normal regulatory advice, to ensure the Company complied with both FCA requirements in relation to the PSDs and HMRC requirements in terms of AML compliance.
Our services focus on providing proactive advice on managing the practical requirements of the Money Laundering regulations. We are often the first port of call in helping clients assess the Money Laundering risks of certain customer types and transactions.
We have a sound approach when it comes to interpreting the rules and regulations of various bodies.