Anti-Money Laundering (AML)

Who We Are

In a fast-changing regulatory environment, ensuring compliance with national and international money laundering laws and regulations is an ongoing challenge. We assist our clients in developing AML compliance policies and procedures, conducting compliance audits and providing AML trainings. We help our clients in defending against enforcement actions by state regulators, including conducting internal investigations, responding to investigations and negotiating settlements of alleged violations, as well as successfully defending clients in court. We provide legal guidance regarding regulations relating to AML compliance and “Know Your Customer” (KYC) regulations.

Practice In Detail
  • AML policies, procedures and systems requirements
  • Due diligence
  • Know Your Customer (KYC) requirements
  • Politically exposed persons (PEPs)
  • Risk assessment and documentation
  • Suspicious activity investigation and reporting
Clients
  • Confidential

Experience

Provided legal advice on the possible effect to the commercial activities of the client’s group companies in relation to OFAC sanctions imposed to Aivars Lembergs.

Assisted various legal service providing companies throughout year 2019 by developing their internal AML/KYC procedures.

Audited consumer financing service provider Creamfinance and developed its internal AML/KYC procedure.

When assisting East Capital Real Estate AS in acquisition of a company that owns a new warehouse near Riga Airport with tenants including such industry leaders Printful and Elko and conducting a legal due diligence of the target company, we conducted AML compliance check for the target company.

Audited one of the top IT companies in the Nordic countries Visma Consulting and developed its internal AML/KYC procedure.

Audited cryptocurrency exchange provider and developed its internal AML/KYC procedure.

Advised and assisted clients with determination and registration of ultimate beneficial owner (UBO) for complex corporate structures.

Audited company that offers credit line services in Latvian non-bank sector Nordcard, developed its AML/KYC procedure and trained employees regarding internal AML rules and procedures.

Conducted AML compliance checks for target companies within legal due diligence process.

Key Contacts

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