Anti-Money Laundering

In Norway, Financial institutions, including banks, payment institutions, insurance companies, and investment firms, are governed by the Act relating to Measures to Combat Money Laundering and Terrorist Financing (the Anti-Money Laundering Act), and related regulations. These regulations mandate that companies implement various measures to identify potential involvement of their customers in money laundering or terrorist financing activities.

To effectively comply with these regulations, companies must understand their own risk profiles, establish suitable procedures, and ensure these are complied with in practice. Our firm possesses extensive anti-money laundering expertise. Many of our lawyers have gained valuable experience from working with relevant public authorities, including conducting on-site inspections and engaging with both national and international regulatory developments.

The firm are always fast to respond and work efficiently and will always go that extra mile to meet the client’s specific needs.
Chambers Europe

We assist companies subject to mandatory reporting requirements with risk assessments, the establishment and maintenance of procedures, as well as interpretation of and practical compliance with the regulations. Additionally, we offer advice in connection with on-site inspections, management of high-risk customers, and the assessment of reporting obligations.

Compliance with anti-money laundering regulations often intersects with areas such as data protection, compliance, investigations, and corporate penalties. Moreover, anti-money laundering considerations have become integral to M&A processes in the banking and finance sectors. Our lawyers work collaboratively across disciplines to ensure our clients’ needs are addressed in the most effective manner.