Author: Nicola Sharp 19 January 2021
Rahman Ravelli’s Nicola Sharp was asked to contribute to a special Thomson Reuters article examining the biggest enforcement risks faced by UK banks this year.
The article, “Outlook 2021: Anti-Money Laundering, financial crime biggest global enforcement risks for UK banks in 2021’’, published by Regulatory Intelligence, examined the areas where financial institutions may find themselves under greatest scrutiny in the next 12 months.
Nicola outlined some of the challenges that banks in the UK must recognise in relation to the Sixth Anti-Money Laundering Directive (6MLD), in order to ensure they do not face prosecution in the European Union (EU)
UK financial institutions that have dealings with the EU need to make sure that they meet the obligations upon them. Nicola emphasised that even though the UK has opted out of the EU, the regulated businesses that are UK-based will still need have to pay close attention to 6MLD - and they must comply with any changes in it when dealing with EU member states.
Nicola's comments featured in Thomson Reuters Regulatory Intelligence.
Nicola is known for her fraud, civil recovery, arbitration and business crime expertise, her experience of leading the largest financial disputes and multinational investigations and her skills in devising preventative measures and conducting internal investigations for corporates.