Money Laundering 

What is money laundering?

Money laundering is when an individual or an organisation covers up money that is acquired illegally by making it look as though the money has been legally earned. Money laundering can also occur through failure to report suspicious transactions. A large number of businesses and individuals are exposed to the risk of prosecution for offences stemming from suspicious financial activity. For example, it is increasingly common for money to be laundered through residential and commercial properties. 

The Money Laundering Regulations (MLR) of 2017 is a set of regulations that businesses are obliged to perform if their firm is in the private sector and is at risk of money laundering. The regulations aim to stop individuals or organisations from using professional services to launder money. These include measures such as risk management, monitoring internal communications and making sure to keep reporting and recording systems.

Money laundering schemes which could affect your business

Key Benefits of Using A LAWYER

1. CLARITY

Providing clarity, advocacy, or representation when presenting evidence in court.

2. STRUCTURE

Structuring a coherent and comprehensive case to your circumstances in an objective manner and without emotion. 

3. STRATEGY

Providing the client with information on how much the case is likely to cost and the best strategy available to them in their current situation. 

4. UNDERSTANDING

Advice and representation in tipping off allegations or on what to do if you suspect you have unknowingly received proceeds of crime.

5. PROTECTION 

Ensures your best interests are fully protected, and that you have full representation for money laundering investigations and any criminal charges 

How can lgbt lawyers help

Money laundering legislation is a complicated area of law. Therefore, you must seek advice from an expert litigation lawyer. Money laundering is a very serious criminal offence. A successful prosecution could lead to huge fines or the closure of your business. Those who are involved in money laundering may not be aware of their role in cleansing the proceeds of crime. For example, money laundering can be as simple as a customer or client asking for large cash refunds on credit cards or overpaying bills.

You must acquire a criminal litigation lawyer if you are under investigation, or if you suspect you have received the proceedings of a crime. A criminal litigation lawyer will advise you on the best options available to you.

If you are under investigation, a lawyer can build you a strong case and provide you with expert representation which will give you the best possible chance of success of winning your case. Furthermore, an expert lawyer can analyse the evidence, disclosure of the evidence, and cross-examine to attempt to weaken the prosecutor claim.