AML & CTF Advisory
Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations are increasingly stringent across jurisdictions, including Cyprus, imposing complex compliance obligations on businesses and financial institutions. Failure to comply can lead to severe penalties, reputational damage, and legal consequences. At AGPLAW, our AML & CTF Advisory team provides tailored advisory, including expert legal opinions, designed to help our clients make firm and effective decisions when so needed.
We offer a comprehensive suite of AML & CTF advisory services, including but not limited to:
- Legal Opinions on AML & CTF: Our team provides authoritative legal opinions on complex AML/CTF matters, such as compliance with local and international regulations, risk exposure assessments, and legal implications of specific transactions or business practices. These opinions are instrumental for decision-making, ensuring your business operations align with legal standards.
- Risk Assessment & Gap Analysis: Evaluate your current AML/CTF compliance framework against legal requirements to identify areas of improvement.
- AML/CTF Policy Development: Draft, review, and update your AML/CTF policies and procedures to ensure they are robust, effective, and aligned with current regulations.
- Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD): Guidance on implementing CDD and EDD measures, including KYC procedures, beneficial ownership identification, and ongoing monitoring of client relationships.
- Training & Awareness: Customized training programs for employees, senior management, and board members to foster a culture of compliance within your organization.
- Internal Audit & Compliance Reviews: Independent assessments of your AML/CTF systems to ensure they are functioning as intended and meeting regulatory expectations.
- Regulatory Updates & Advisory: Ongoing updates and advice on changes in AML/CTF laws, regulations, and best practices that may impact your business.
- Assistance with Regulatory Filings: Support in preparing and submitting required filings and reports, such as SARs (Suspicious Activity Reports) and other regulatory notifications.
Why Choose AGPLAW?
Our experienced team of legal professionals and compliance experts have an in-depth understanding of local and global AML and CTF regulations. We work closely with clients across various sectors, providing bespoke solutions that meet their unique compliance needs.
Contact Us
For more information on how AGPLAW can support your AML and CTF compliance efforts, including obtaining legal opinions on complex matters, please contact our AML & CTF Advisory team. We look forward to assisting you in achieving a robust and compliant framework.
