AML Specialist
AML experts supporting your compliance with anti-money laundering laws
Morling Consulting offers specialized services within anti-money laundering (AML) regulations for companies in sectors such as finance and banking, insurance, accounting, and real estate agents. Our experienced AML specialists assist you in complying with the anti-money laundering act and sanctions regulations. We support you with the know-your-customer process (KYC), investigations of suspicious transactions, and analysis and documentation of complex ownership structures, particularly in high-risk sectors for money laundering and terrorism financing.
We help your business comply with anti-money laundering regulations to prevent being exploited for criminal purposes. With tailored and practical solutions, you get hands-on support. Morling Consulting also has dedicated AML legal counsels who, for example, provide training, update internal policies, and handle communications with authorities.
Certified AML Specialist
Working as an AML specialist involves navigating complex regulations and conducting meticulous analyses. While there is no formal requirement for certification in these roles, certifications such as “Certified AML Specialist” (CAMS) can be a valuable asset.
Certified specialists demonstrate an understanding of AML regulations, including sanctions regulations and international standards from the FATF. However, for clients, practical experience and expertise are often as important as formal education.
Our AML consultants have extensive experience in the AML field and a deep understanding of industry-specific challenges. With our support, your company can build a robust AML strategy that ensures compliance and prevents financial crime.
IDENTIFY MONEY LAUNDERING
What is money maundering?
Money laundering is a process where funds obtained through illegal activities are made to appear legitimate through various methods. It involves creating a legitimate explanation as to the origin of the money, for example money made from drug trafficking, tax crimes, or other criminal activities. It can also involve the opposite—legally earned money being used for illicit purposes, such as paying undeclared wages. This is not only a threat to businesses and society but also poses significant legal risks for organizations that are unintentionally exploited for money laundering or the financing of terrorism. Examples of money laundering include:
- Finance and banking sector: Transactions where large sums are split into smaller payments to evade reporting thresholds.
- Insurance companies: Placement of illegal funds into life insurance policies, and later redeemed.
- Accounting services: False invoices issued, with an accountant unknowingly facilitating what appears to be legitimate transactions.
- Real estate agents: Purchasing property with proceeds from illegal activities, which is later sold or leased so that the income appears legitimate.
Our AML specialists identify the risk of your business being exploited for money laundering or the financing of terrorism, helping protect you from both legal and financial consequences. Morling Consulting’s AML analysts work with AML regulations in the fintech sector, traditional financial institutions, and other businesses subject to AML requirements. We also support financial service providers that offer services to companies obliged to comply with AML regulations.
Professional assistance from our AML consultants
Do you need support to ensure regulatory compliance and lower the risk of money laundering? Morling Consulting offers both the legal expertise and the practical experience needed to apply anti-money laundering regulations effectively.
We assist you with:
- Risk assessments under the anti-money laundering act.
- Review of know-your-customer (KYC) and ownership structures.
- Investigation of suspicious transactions.
- Compliance programs and policies.
- Training in AML and sanctions regulations.
Contact us today to learn how we can support your business. With our help, you can prevent money laundering and ensure your company meets its regulatory obligations.
Frequently asked questions about AML specialists
An AML specialist works to identify, assess, and manage risks related to money laundering, terrorism financing, and sanctions regulations. This includes conducting risk assessments, investigating suspicious transactions, and ensuring the company’s know-your-customer (KYC) processes meet legal standards. The role also involves updating internal policies and representing the company in interactions with supervisory authorities or during inspections.
Companies in sectors subject to anti-money laundering regulations—such as finance, insurance, accounting, and real estate—should consider engaging an AML specialist in situations such as:
- When regulations change and updates of the general risk assessment and internal procedures are needed.
- If gaps are identified in internal controls or KYC routines.
- When the Financial Supervisory Authority requests documentation or initiates an inspection.
- If there are signs of suspicious or irregular transactions.
A CAMS certification (Certified Anti-Money Laundering Specialist) signals that an individual has documented knowledge of national and international AML regulations, including sanctions compliance and supervisory expectations. It also reflects a solid understanding of risk management and transaction monitoring. While not mandatory in Sweden, the certification is often viewed as a strong credential that demonstrates expertise in the field.
No, Morling Consulting is based in Stockholm but handles assignments across Sweden and internationally. We have experience supporting both domestic and international companies that are subject to AML regulations.
The AML Act applies to a wide range of businesses, including:
- Banks and financial institutions.
- Insurance companies.
- Auditors and bookkeeping firms.
- Real estate agents.
If your business is obliged under the AML Act, you have a legal obligation to implement measures that prevent money laundering and terrorism financing.
There’s no fixed legal interval, but best practice is to review and update AML documentation at least once a year. Updates should also be made:
- When laws or supervisory guidance change.
- When the business expands or changes its services or markets.
- When deficiencies are discovered internally or through audit.
Failure to meet AML requirements can result in regulatory sanctions and fines, with both legal and financial consequences. It may also damage the company’s reputation and erode trust among clients and partners. In some cases, company leaders or employees could face personal liability. There’s also the risk that the business is unknowingly used for criminal activity. Complying with AML regulations protects both your organization and society as a whole.
AML advisory services are tailored to each company’s industry, risk level, and needs. Typical assignments may include:
- Reviewing and improving KYC routines to ensure compliance and efficiency.
- Analyzing complex or foreign ownership structures.
- Advising on AML risks before launching new financial products.
- Providing internal training on money laundering risks.
- Supporting preparations for regulatory inspections.
Contact
Contact us
If you prefer phone, please feel free to contact Felix Morling at +46 70 444 42 85
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