Anti-Money Laundering

We advise banks, other regulated financial undertakings and businesses in other sectors on anti-money laundering, counter-terrorist financing and sanctions matters. Our approach is risk-based and practical: the measures adopted should meet the applicable requirements while reflecting the nature, size, activities and actual risk exposure of the business.

Our work includes legal and business-wide risk assessments, governance and allocation of responsibilities, internal policies and procedures, customer due diligence, beneficial ownership, risk classification, ongoing monitoring and the handling of unusual or suspicious activity. We also assist with internal reviews, identified deficiencies, remediation measures and matters arising in connection with regulatory supervision.

Sanctions compliance requires businesses to understand not only which restrictions apply, but also how they affect customers, counterparties, ownership structures, payments and transactions in practice. We advise on sanctions assessments, screening procedures, contractual issues and the handling of potential matches or other concerns.

The consequences of non-compliance may be significant for both businesses and individuals. Early advice can be particularly important when a possible breach, a weakness in existing arrangements or a difficult customer or transaction raises questions requiring prompt assessment.

The regulatory framework continues to develop at Norwegian, European and international level. We monitor developments from Norwegian authorities, the EU, the European Anti-Money Laundering Authority (AMLA) and the Financial Action Task Force (FATF), and assess their practical implications for our clients.