Sanctions
Our Sanctions Compliance Consultancy Services
Are you unsure what sanctions lists you have to consider? Have you found a partial match and are unsure what to do with it? AML Consultants UK can help. We help relevant persons comply with the Targeted Financial Sanctions requirements in the UK.
Under our sanctions compliance consultancy service, we help relevant persons navigate the UK sanctions regime with ease and in full compliance with the legal obligations. It is the Sanctions and Money Laundering Act 2018 which provides the legal basis for the UK to impose, update, and lift sanctions. Apart from this, regulations such as ISIL (Da’esh) and Al-Qaida (United Nations Sanctions) (EU Exit) Regulations 2019, Counter-Terrorism (International Sanctions) (EU Exit) Regulations 2019), and the Terrorist Asset-Freezing Act 2010 also specify obligations related to sanctions.
Get Tailored Sanctions Compliance Policy
Mitigate Targeted Financial Sanctions Risks Effectively
Our Sanctions Compliance Consultancy
We provide sanctions compliance consultancy where we help relevant persons with the sanctions compliance policy clearly restricting them from receiving or paying funds to designated persons, dealing with them and providing financial services or economic resources.
We also advise you if you can discuss the person’s sanctioned status with them without worrying about tipping off provisions. We help you understand if you require a license from OFSI in advance of engaging in any business relationship with a client who is on the sanctions list.
If you are a legal professional, we can help you document situations and circumstances requiring the application of legal professional privilege.
Further, if you deal with Russian clients, we help you comply with Russia (Sanctions) (EU Exit) (Amendment) Regulations 2022. We also help you implement the new services and goods export bans targeted at vulnerable sectors of the Russian economy.
We help firms with sanctions risk assessment and devise controls to help them identify if the customers are likely to be on the sanctions lists. Further, we help firms apply a risk-based approach and conduct screening against the sanctions lists.
Focused. Flexible. Relevant.
We can help you with Sanctions Compliance Framework Creation, Sanctions Compliance Risk Management, and Sanctions Compliance Review.
