Skip to content
  • +44 20 3588 3500
Contact Us
Menu
  • Home
  • Expertise
    • Personal Clients
      • Civil Litigation
        • Dispute Resolution
        • Inheritance, Wills & Probate
        • Insolvency
        • Media & Intellectual Property
        • Negligence
        • Property
      • Divorce & Family Law
        • Pre-Nuptial Agreement
        • Legal Separation
        • Annulment
        • Divorce
        • Child Custody
        • Domestic Violence
      • Employment
        • Employment Contract
        • Compromise Agreement
        • Constructive Dismissal
        • Redundancy
        • Discrimination
        • Wrongful Termination
      • Estate Planning, Wills & Probate
        • Asset Protection
        • Power of Attorney
        • Probate & Estate Administration
        • Wills
      • Immigration
        • Entry into the UK
        • Immigration Appeal
        • Remaining/Settling in the UK
      • Personal Injury
        • Holiday Accidents
        • Carbon Monoxide Poisoning Claim
        • Civil Action Against the Police
        • Industrial Disease Claims
        • Product Injury Claims
        • Road Traffic Accidents
        • Workplace Accidents
      • Mortgage/Conveyancing
        • Auction Property
        • Buying Property
        • Selling Property
        • Leasing Property
        • Remortgage
        • Shared Ownership
        • Tenancy Agreements
    • Business Clients
      • Banking & Finance
        • Loan Agreement & Debt Finance
        • Project & Asset Based Finance
        • Restructuring
        • Shari’ah Compliant Finance
      • Commercial Law
        • Business Law
        • Charities
        • Company Law
        • Corporate Recovery & Insolvency
        • Healthcare Sector
      • Commercial Property
        • Sale/Purchase of Commercial Premise
        • Commercial Leases / Business Tenancy
        • Planning / Section 106
      • Commercial Litigation
        • Dispute Resolution & Mediation
        • Debt Recovery
        • Commercial Insolvency
        • Commercial Property
        • Media & Intellectual Property
      • Corporate Crime & Risks
        • Commercial Fraud
        • Money Laundering
        • VAT, Tax & Duty Fraud
      • Employment
        • Employment Contracts
        • Employment Litigation
    • Luxury Assets
      • Aircrafts
      • Fine Arts, Antiques & Collectibles
      • Cars
      • Helicopters
      • Racehorses
      • Jewellery and Watches
      • Couture Clothing
      • Yachts
  • About Us
  • Testimonials
  • Our Team
  • Work With Us
    • Recruitment Procedure
    • Trainee Recruitment
    • Vacancies
    • Consultants Programme
  • Insights
    • Personal Clients
      • Civil Litigation
      • Divorce & Family Law
      • Employment
      • Estate Planning, Wills & Probate
      • Immigration
      • Personal Injury
      • Mortgage/Conveyancing
    • Business Clients
      • Banking & Finance
      • Commercial Law
      • Commercial Property
      • Commercial Litigation
      • Corporate Crime & Risks
      • Employment
    • Luxury Assets
      • Aircraft
      • Fine Art
      • Antiques & Collectibles
      • Cars
      • Helicopters
      • Racehorses
      • Jewellery & Watches
      • Yachts
  • Home
  • Expertise
    • Personal Clients
      • Civil Litigation
        • Dispute Resolution
        • Inheritance, Wills & Probate
        • Insolvency
        • Media & Intellectual Property
        • Negligence
        • Property
      • Divorce & Family Law
        • Pre-Nuptial Agreement
        • Legal Separation
        • Annulment
        • Divorce
        • Child Custody
        • Domestic Violence
      • Employment
        • Employment Contract
        • Compromise Agreement
        • Constructive Dismissal
        • Redundancy
        • Discrimination
        • Wrongful Termination
      • Estate Planning, Wills & Probate
        • Asset Protection
        • Power of Attorney
        • Probate & Estate Administration
        • Wills
      • Immigration
        • Entry into the UK
        • Immigration Appeal
        • Remaining/Settling in the UK
      • Personal Injury
        • Holiday Accidents
        • Carbon Monoxide Poisoning Claim
        • Civil Action Against the Police
        • Industrial Disease Claims
        • Product Injury Claims
        • Road Traffic Accidents
        • Workplace Accidents
      • Mortgage/Conveyancing
        • Auction Property
        • Buying Property
        • Selling Property
        • Leasing Property
        • Remortgage
        • Shared Ownership
        • Tenancy Agreements
    • Business Clients
      • Banking & Finance
        • Loan Agreement & Debt Finance
        • Project & Asset Based Finance
        • Restructuring
        • Shari’ah Compliant Finance
      • Commercial Law
        • Business Law
        • Charities
        • Company Law
        • Corporate Recovery & Insolvency
        • Healthcare Sector
      • Commercial Property
        • Sale/Purchase of Commercial Premise
        • Commercial Leases / Business Tenancy
        • Planning / Section 106
      • Commercial Litigation
        • Dispute Resolution & Mediation
        • Debt Recovery
        • Commercial Insolvency
        • Commercial Property
        • Media & Intellectual Property
      • Corporate Crime & Risks
        • Commercial Fraud
        • Money Laundering
        • VAT, Tax & Duty Fraud
      • Employment
        • Employment Contracts
        • Employment Litigation
    • Luxury Assets
      • Aircrafts
      • Fine Arts, Antiques & Collectibles
      • Cars
      • Helicopters
      • Racehorses
      • Jewellery and Watches
      • Couture Clothing
      • Yachts
  • About Us
  • Testimonials
  • Our Team
  • Work With Us
    • Recruitment Procedure
    • Trainee Recruitment
    • Vacancies
    • Consultants Programme
  • Insights
    • Personal Clients
      • Civil Litigation
      • Divorce & Family Law
      • Employment
      • Estate Planning, Wills & Probate
      • Immigration
      • Personal Injury
      • Mortgage/Conveyancing
    • Business Clients
      • Banking & Finance
      • Commercial Law
      • Commercial Property
      • Commercial Litigation
      • Corporate Crime & Risks
      • Employment
    • Luxury Assets
      • Aircraft
      • Fine Art
      • Antiques & Collectibles
      • Cars
      • Helicopters
      • Racehorses
      • Jewellery & Watches
      • Yachts
Menu
  • Home
  • Expertise
    • Personal Clients
      • Civil Litigation
        • Dispute Resolution
        • Inheritance, Wills & Probate
        • Insolvency
        • Media & Intellectual Property
        • Negligence
        • Property
      • Divorce & Family Law
        • Pre-Nuptial Agreement
        • Legal Separation
        • Annulment
        • Divorce
        • Child Custody
        • Domestic Violence
      • Employment
        • Employment Contract
        • Compromise Agreement
        • Constructive Dismissal
        • Redundancy
        • Discrimination
        • Wrongful Termination
      • Estate Planning, Wills & Probate
        • Asset Protection
        • Power of Attorney
        • Probate & Estate Administration
        • Wills
      • Immigration
        • Entry into the UK
        • Immigration Appeal
        • Remaining/Settling in the UK
      • Personal Injury
        • Holiday Accidents
        • Carbon Monoxide Poisoning Claim
        • Civil Action Against the Police
        • Industrial Disease Claims
        • Product Injury Claims
        • Road Traffic Accidents
        • Workplace Accidents
      • Mortgage/Conveyancing
        • Auction Property
        • Buying Property
        • Selling Property
        • Leasing Property
        • Remortgage
        • Shared Ownership
        • Tenancy Agreements
    • Business Clients
      • Banking & Finance
        • Loan Agreement & Debt Finance
        • Project & Asset Based Finance
        • Restructuring
        • Shari’ah Compliant Finance
      • Commercial Law
        • Business Law
        • Charities
        • Company Law
        • Corporate Recovery & Insolvency
        • Healthcare Sector
      • Commercial Property
        • Sale/Purchase of Commercial Premise
        • Commercial Leases / Business Tenancy
        • Planning / Section 106
      • Commercial Litigation
        • Dispute Resolution & Mediation
        • Debt Recovery
        • Commercial Insolvency
        • Commercial Property
        • Media & Intellectual Property
      • Corporate Crime & Risks
        • Commercial Fraud
        • Money Laundering
        • VAT, Tax & Duty Fraud
      • Employment
        • Employment Contracts
        • Employment Litigation
    • Luxury Assets
      • Aircrafts
      • Fine Arts, Antiques & Collectibles
      • Cars
      • Helicopters
      • Racehorses
      • Jewellery and Watches
      • Couture Clothing
      • Yachts
  • About Us
  • Testimonials
  • Our Team
  • Work With Us
    • Recruitment Procedure
    • Trainee Recruitment
    • Vacancies
    • Consultants Programme
  • Insights
    • Personal Clients
      • Civil Litigation
      • Divorce & Family Law
      • Employment
      • Estate Planning, Wills & Probate
      • Immigration
      • Personal Injury
      • Mortgage/Conveyancing
    • Business Clients
      • Banking & Finance
      • Commercial Law
      • Commercial Property
      • Commercial Litigation
      • Corporate Crime & Risks
      • Employment
    • Luxury Assets
      • Aircraft
      • Fine Art
      • Antiques & Collectibles
      • Cars
      • Helicopters
      • Racehorses
      • Jewellery & Watches
      • Yachts
+44 20 3588 3500

Money Laundering

Personal
Clients

Business
Clients

Luxury
Assets

  • Home
  • >
  • Business Clients
  • >
  • Corporate Crime & Risks
  • >
  • Money Laundering
Money laundering can affect all types of businesses, including firms of lawyers, accountants, auditors, insolvency practitioners, estate agents and even casinos. Such businesses may inadvertently provide criminals with a means in which assets or money generated from illegal activities can be ‘cleaned’.

Money Laundering Regulations 2007

The Money Laundering Regulations 2007 (the ‘Regulations’) aim to protect the financial system by imposing duties on businesses in specific sectors to check the identity of their customers and keep all relevant records of monies received. Affected businesses must also appoint a ‘nominated officer’ and report any suspicious activity to the National Crime Agency. Given the level of duties imposed, it is easy to fall foul of the legislation. In particular, under the Regulations, the burden of assessing risk and managing it is on the business itself. The Regulations also impose a duty of ongoing monitoring and enhanced due diligence where appropriate. The most onerous aspect of the Regulations is that those found culpable of money laundering offences can face fines, lengthy imprisonment terms and confiscation proceedings.

Individual employees and company directors can also be held personally liable for offences. The business’s assets could be frozen, having a huge impact on business operations and cash flow. As solicitors, we are affected by the Regulations first hand and can advise you on all aspects of this area of law, whether your business is being investigated for money laundering or whether you want to take steps to ensure your business does not fall foul of the legislation. Please contact our criminal litigation team for further advice and information.
Read more

Insights

Corporate Crime & Risks

Someone Else’s Dirty Laundry – Protecting You and Your Business Against Money Laundering

An article in The Independent last week stated that at least 19 UK-based front companies were being investigated on suspicion of being part of Europe’s biggest …

READ MORE

Contact Us

  • This field is for validation purposes and should be left unchanged.

Saracens Solicitors
Strand Bridge House,
140 Strand,
London WC2R 1HH

T: +44(0)20 3588 3500
F: +44(0)20 3588 3505

Legal Notice

Privacy Policy

Accessibility

Saracens Solicitors
Strand Bridge House,
140 Strand,
London WC2R 1HH

T: +44(0)20 3588 3500
F: +44(0)20 3588 3505

Copyright  Saracens Solicitors | All Rights Reserved