Sanctions & AML Law
Sanctions Compliance & Regulatory Framework
Sanctions laws restrict financial transactions, trade, and business engagements with blacklisted individuals, entities, or countries under UN, EU, OFAC, and national regulations. Businesses must implement sanctions screening, due diligence, and compliance programs to prevent violations, fines, and reputational risks when operating in restricted or high-risk jurisdictions.
Know Your Customer (KYC) & Due Diligence
KYC regulations require identity verification, risk profiling, and background checks for clients, vendors, and financial transactions. Businesses must conduct customer due diligence (CDD), politically exposed person (PEP) screenings, and adverse media checks to prevent illicit financial activities and ensure compliance with AML directives, sanctions laws, and anti-corruption frameworks.
Anti-Money Laundering (AML) & Risk-Based Approach
AML laws require businesses to detect, prevent, and report financial crimes, including money laundering, terrorist financing, and fraud. A risk-based approach (RBA) mandates enhanced due diligence (EDD), customer verification (KYC), and transaction monitoring. Failure to comply results in regulatory fines, legal action, and operational restrictions under FATF, EU AML Directives, and national laws.
Financial Crime Prevention & Reporting Obligations
Organizations must implement AML reporting systems, suspicious activity monitoring (SARs/STRs), and internal compliance programs to detect fraudulent transactions, financial misconduct, and regulatory breaches. Firms must comply with reporting obligations under EU AMLD, FATF standards, and national laws, ensuring cooperation with financial intelligence units (FIUs) and regulatory authorities.