We have extensive experience in assisting clients in analysing the extent to which their business activities comply with applicable legislation. We not only expose the competition concerns of the client’s business operations but also advise on how it can correct problematic or even unlawful situations and practices.
Non-compliance with the rather comprehensive and complex regulations can have a major impact on a company’s business, and the company and its managers and supervisors can be exposed to criminal prosecution or other forms of punishment. More and more regulators are authorised to enforce compliance with regulations, and they can impose major sanctions. We have experience in detecting, analysing, and avoiding such risks.
Particularly, we have in-depth knowledge of anti-money-laundering legislation, anti-corruption legislation, embargo regulations, and the criminal law aspects of tax regularisations, and we advise banks, financial institutions, and other types of companies on these aspects.
If desired, we engage directly in dialogue with the authority in question to see if we can discuss about compliance issues and to reach an agreement on a certain practice or to rectify an already existing practice.
Some examples of our work in compliance matters include:
- advising a major bank on the correct implementation of the anti-money-laundering legislation;
- advising a client active in the international trade of aircraft components on the international embargo legislation against Iran.
