At the same time, after focusing on the “fear factor”, many practitioners advocate unnecessarily complex protocols and frequently advise their clients to avoid certain customers or business lines simply because their names or location feature adversely in an online checking service. In giving anti-bribery advice, some go even further. We know of an infamous example where an international firm advised a multinational client not to take any clients to its corporate box at a national stadium to avoid falling foul of antibribery legislation. That is going too far.
ADG’s AML and Compliance team has extensive experience in advising clients on current best practice, giving them and their own customers peace of mind. We aim to give common sense advice and suggest pragmatic approaches. Our aim is to help our clients distinguish genuine red flags from false flags and to follow a risk-based approach, rather than simply become Business Prevention Officers. We understand the particular challenges presented within emerging markets and work with our clients to meet them.
Our lawyers frequently speak at conferences and appear in publication on these subjects. We are often asked to be part of multinational and multidisciplinary teams to advise international clients on a joined-up approach, to enable them to do business more safely in the region.