Margaret advises banks and other financial institutions on various regulatory and ongoing compliance issues including authorisations, conduct of business rules, marketing of financial products, customer documentation, anti-money laundering, regulatory investigations, regulatory aspects of sales and purchase of companies and businesses.
Since joining Al Tamimi, Margaret has been advising on a wide range of financial services regulatory issues, including:
- compliance and regulatory issues; including advice on compliance systems and controls, anti-money laundering issues, conflicts of interest, data protection, notification requirements and obligations in relation to conduct of business;
- cross border provision of financial services and products to professional and retail investors and related licensing requirements;
- DFSA authorisations (for banks, financial advisors and intermediaries, portfolio and asset managers and funds), including changes to permissions;
- regulatory aspects of corporate restructuring; including acquisitions, mergers and liquidations;
- assisting and advising in relation to regulatory breaches, potential sanctions and remedial actions;
- assisting and advising when a regulatory authority visit or review is being undertaken; and
- drafting full suite of client on-boarding documentation, including client agreements covering client classification, conduct of business, anti money laundering and sanctions screening requirements.
- Advising Bank of Singapore on the set up of their DIFC branch and on the regulatory aspects of the purchase and transfer of Barclays’ DIFC private banking clients;
- Advising on the deregistration of the DIFC branch of Société Générale Bank and Trust and the transfer of clients in the DIFC;
- Advising on the conversion of Bank of China’s DIFC subsidiary to a branch;
- Advising a large European bank in relation to compliance with anti-money laundering and client on-boarding requirements and advising on remedial steps to address issues; and
- Assisting one of Japan’s leading banks conduct a detailed review of their client on-boarding process to ensure compliance with DIFC requirement and UAE Federal anti-money laundering legislation.
2006 – Bachelor of Laws, University of Otago
2006 – Bachelor of Arts, University of Otago
2007 – Barrister and Solicitor in New Zealand