We start by delineating your business, products and customer base, and what you aim to achieve from the support, so that the engagement has the right scope and pace.
AML Legal Counsel
Morling Consulting’s AML lawyers support the business with risk assessments, reporting and policy documents
Legal expertise in AML and the anti-money laundering regulation
An AML legal counsel is a specialist in AML (anti-money laundering) who helps organizations comply with the legal framework. With their legal expertise, the AML legal counsel provides advice, training, and reviews of internal processes to identify gaps, propose improvements, and strengthen the organization’s compliance efforts.
The work may include developing and adapting procedures, drafting risk assessments and action plans, and offering guidance on the practical application of laws and regulations in day-to-day operations. An AML legal counsel acts as an advisor on regulatory changes and ensures that the organization continuously aligns with new requirements. The goal is to establish sustainable and effective compliance processes that fulfill legal obligations without placing an unnecessary burden on the organization.
Process for AML support
We then align the applicable requirements and supervisory expectations with your risk profile to make clear where the risks lie and what must be prioritised.
You receive a concrete set of materials with recommended options, a prioritisation and a practicable plan tailored to your resources and needs.
We implement the prioritised measures with you and update governance documents, procedures and controls so that it is clear who does what, when, and how it will be followed up on review.
Finally, we establish a way of working for ongoing follow-up and improvement over time, including how changes in regulation and guidance are identified and handled without disrupting operations.
Nils Starborg, Axstar ABMorling Consulting has guided us through AML matters with a balance of deep expertise and commercial value. From procedures to risk classification – everything has fallen into place swiftly and accurately thanks to their support.
Clear oversight of your AML work
Get a clear overview of the most important building blocks in your AML processes and where small changes can materially improve quality. Use these links to deepen your understanding of the general risk assessment, customer due diligence and the regulatory framework to create a stronger basis for decision-making. Choose the next step based on your operations and secure consistent day-to-day compliance.
Trainings in anti-money laundering and counter-terrorist financing (AML/CFT)
Morling Consulting offers up-to-date training/courses on the anti-money laundering regulations, customized for your business. The training is tailored to different staff categories, led by a legal counsel specialized in AML, and may include the following areas:
- The requirements of the current regulations.
- Your company’s general risk assessment.
- Your company’s procedures, guidelines, etc. to facilitate the detection of suspected money laundering and terrorist financing.
- Typologies and methods for money laundering and terrorist financing.
To comply with the anti-money laundering regulations, financial operations must train their employees executing activities to comply with the AML/CFT framework. Thus, the training is more than just “nice to have” – it is a regulatory requirement.
interprets and applies the regulatory framework
An AML legal counsel makes a difference – how the support works in practice
With their specialized expertise, the AML legal counsel provides advice in the efforts to prevent money laundering and terrorist financing. The role involves both interpreting and applying the legal framework, while ensuring that the organization’s processes and procedures meet the applicable requirements. The work may include drafting and implementing policy documents, risk assessments, and procedures tailored to the organization’s specific needs. An AML legal counsel also reviews existing processes and provides recommendations. Through this role, legal requirements are translated into practical solutions that strengthen compliance.
Another key aspect of the role is to monitor and interpret changes in legislation, guidance, and regulatory practices. The AML legal counsel ensures that the organization adapts to new requirements in time before they take effect. This helps the organization remain compliant in a constantly evolving regulatory environment.
In addition to strategic work, an AML legal counsel may also provide operational support, such as assisting with internal controls, audits, and reporting to authorities. The role is essential in building a sustainable compliance program. An AML legal counsel thereby contributes to ensuring that the organization is well-prepared for both internal and external audits.
How may an AML legal counsel help your business?
Our AML legal counsels ensure that your organization is well-prepared to meet the challenges of implementing the anti-money laundering requirements. Morling Consulting’s offer of interim AML consultants reduces the ramp-up time in projects and issues related to AML/CFT. We assist with:
- AML roles – support for roles such as AML/CFT Compliance Officer, independent review function, specially appointed officers, and whistleblower functions.
- Policy documents and risk assessments – creation and updating of policy documents that assist the business.
- Control activities or GAP analysis – we map the current level of regulatory compliance as part of a risk-based approach or due diligence.
- Regulatory contacts – we manage contact with authorities for cases initiated by them or you.
- Monitoring – interpretation and implementation of new and updated legislation, practices, and guidelines.
Our AML legal counsels ensure access to fast and efficient expertise to meet the requirements within the anti-money laundering framework. Morling Consulting also provides AML Specialists and undertakes project-based assignments, handles one-time inquiries, or commits to interim assignments on a full-time or part-time basis.
Welcome to contact us and discuss your needs for an AML legal counsel!
Frequently asked questions and answers about AML legal counsels and the anti-money laundering regulations
An AML legal counsel specializes in interpreting and applying the regulatory framework for anti-money laundering and counter-terrorist financing (AML/CFT). The counsel assists companies in ensuring compliance by drafting policy documents, conducting risk assessments, providing staff training, and supporting communication with supervisory authorities.
An AML legal counsel identifies and manages risks associated with the organization potentially being used for money laundering or terrorist financing. This includes risks such as:
- Deficiencies in know-your-customer (KYC) processes and customer due diligence.
- Inadequate internal procedures and controls.
- Incorrect or missing reporting to authorities.
- Challenges in interpreting and implementing new regulations.
The anti-money laundering regulations apply not only to banks and financial institutions but also to accounting firms, auditors, law firms, real estate agents, currency exchange services, and others. Fintech and crypto companies may also fall under the scope. Morling Consulting helps you assess whether and how the regulations apply to your business.
Policy documents such as the general risk assessment and internal AML instructions form the foundation of the AML compliance work. The regulatory framework requires that the documents are tailored to the specific risks of your business and updated regularly. Outdated or inadequate documents reduce your organization’s ability to prevent money laundering and terrorist financing, thereby increasing the risk of non-compliance.
It is especially important to review and update AML documentation in situations such as:
- Changes in legislation or regulatory practices.
- Changes in the organization’s business model or customer base.
- Findings from internal or external audits.
- Identified deficiencies in regulatory inspections or reviews.
The general risk assessment is an analysis of the risks that the business may be exploited for money laundering or terrorist financing. It forms the basis for how the organization designs its internal AML/CFT procedures. An AML legal counsel can assist in developing or updating this assessment in accordance with current regulatory requirements.
Engaging an external AML legal counsel is particularly valuable in situations involving supervisory authority dialogue, internal audits, GAP analyses, the implementation of new regulations, or when internal resources are scarce. Morling Consulting also offers interim solutions, where an AML specialist provides support on a full-time or part-time basis for a set period.
We provide customized AML/CFT training tailored to different roles within your organization—from senior management to customer-facing staff. The training covers legislation, practical case studies, internal procedures, and typologies. Courses are led by experienced AML legal counsels and adapted to your industry and risk exposure.
We offer:
- legal advisory services, document review,
- risk assessments, training, support in regulatory communications, and
- interim assignments.
We work with both Swedish and international clients and have experience implementing AML programs in everything from startups to large corporate groups.
An AML GAP analysis maps the difference between the organization’s current AML compliance status and the requirements set by laws and regulations. The analysis may include:
- Review of policy documents and procedures.
- Assessment of internal controls and risk management.
- Identification of improvement areas.
- Recommendations for corrective actions and priorities.
Common mistakes include underestimating the need for ongoing training, relying on generic rather than business-specific risk assessments, and drafting policy documents without fully implementing them in practice. An AML legal counsel helps avoid these pitfalls.
The anti-money laundering regulations require that training be conducted regularly and tailored to the employees’ roles and responsibilities. The recommendation is at least annually, or more frequently in case of significant regulatory changes or shifts in the organization’s risk exposure.
Speak to an AML lawyer
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