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Jenner & Block provides strategic advice and compliance counseling on Anti-Money Laundering (AML), Bank Secrecy Act (BSA), and UK Proceeds of Crime Act (POCA) issues. We have significant experience in advising institutions on the complex requirements imposed on them in both the United States and the United Kingdom. We also represent clients in related enforcement proceedings. We are the “go-to” firm for many of the world’s largest corporations for their most significant matters, including AML, BSA, and POCA investigations and compliance-related issues.
An AML investigation may be prompted by a proactive compliance audit, a whistleblower complaint, a hotline inquiry, a government inquiry, or, most often, a legal requirement to make a money laundering report. In each of those circumstances, we apply our legal and practical experience to help ensure that the matter is resolved efficiently and in compliance with the relevant laws. Moreover, our experience in dealing with government enforcement agencies—including the Financial Crimes Enforcement Network (FinCEN), the Securities and Exchange Commission (SEC), the US Department of Justice (DOJ), as well as the Financial Conduct Authority (FCA) and the National Crime Agency in the UK—enables us to provide practical advice on how best to comply with legal requirements in light of enforcement risk. We count among our ranks the former principal deputy assistant attorney general for the Criminal Division of the DOJ, a former assistant regional director for the Division of Enforcement for the SEC, the former chief of the Fraud Section in DOJ’s Criminal Division, a former prosecutor at Her Majesty’s Revenue and Customs Office and at the UK Serious Fraud Office, and several former Assistant US Attorneys who have prosecuted money laundering cases.
Our lawyers also work with in-house counsel and the relevant business teams to develop and implement appropriate AML and BSA compliance programs and internal controls that meet the specific needs of the company and that prevent and detect violations. We also advise companies and individuals on any requirements to make a suspicious transaction or activity report to the relevant authority.