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Alex Ktorides

Department Regulatory solutions Qualified 1997 Education (University) University of Hertfordshire

Alex Ktorides

You, Alex Ktorides
& Ince, in any case

After reading law, politics and philosophy at the University of Hertfordshire, Alex qualified as a solicitor in 1997.

In 2007, Alex went in house, specialising in risk, financial crime and regulation. Alex joined the firm in 2012, before which he was senior counsel at BDO LLP.

Recognised in the Legal 500, Alex advises and supports clients on regulatory issues in sectors including accountancy, legal, property and gaming and on FCA authorisations. He deals with anti-money laundering, sanctions, bribery and corruption, defence to investigations and responding to unauthorised visits and any criminal and/or civil aspects arising. Alex also takes the lead for ethics and risk management functions across Gordon Dadds Group plc, for which he is the MLRO, Head of Legal Practice, and reportable to the board.

Other matters that Alex deals with for clients are financial crime risk management strategies and technology solutions for the client on boarding process and lean process.

Accolades:
The Legal 500 - recommended lawyer in 2016, 2017 and 2018 for Gaming and Betting. Next Generation lawyer 2019.
Expert speaker at RICS CPD day
Lecturer at MBL seminars
Author for LexisNexis

My matter highlights

  • Advising a Dubai based property developer on Proceeds of Crime Act  (‘POCA’) exposures arising from the sale of a luxury property

  • Advising on a virtual currency issue, including anti-money laundering (‘AML’), and cross-jurisdiction requests for information.

  • Advising on AML processes for a major casino operator.

  • Acting for a UK law firm and its members on re-structuring and formation of an additional authorised body under the Solicitors Practice Rules (and related).

  • Assisting the client to register with the National Crime Agency (‘NCA’) and supporting them through the reporting process.

  • Helping a client restrained as a third party under a POCA order and a number of other clients with frozen assets and bank accounts.

  • Defending an operator from a regulatory investigation with criminal and civil charges and penalties attached

  • Acting for a medical doctor in relation to a Medical Practitioners Tribunal (‘MPT’) hearing

  • Financial Conduct Authority (‘FCA’) application for authorisation of a payments processing business UK and Pan-European

  • Alternative Investment Fund Managers Directive (‘AIFMD’) applications small business UK FCA regulated

  • Supporting client and team in s166 ‘skilled person’ process with FCA and taking lead on remediation

  • Defending FCA review for a large impact firm. Putting in interim new governance structure and team.

  • Acted as a 166 “skilled person” on appointment of the Gibraltar Financial Services Commission, dealing with a safeguarding issue and money laundering review

  • Helped a money transfer business with the FCA’s concerns over its activities and authorisations

  • Acted for a start-up tech company to obtain FCA authorisation

  • Worked with a property related business to obtain FCA authorisation as an AIFM

  • Advised a business on whether its activities fell under the definition of a collective investment scheme

My testimonials and accolades

Alex Ktorides

“Recommended lawyer in 2016, 2017 and 2018 for Gaming and Betting. Next Generation lawyer 2019.”

- The Legal 500

Alex Ktorides

“Handles cases diligently and imaginatively.”

- The Legal 500

My recent publications

Insights / New BIMCO Cyber Security Clause

08-10-2019 / Energy & Infrastructure

With the increasing digitisation and use of information technology in the world today, the chance of becoming a victim of a cyber-attack is greater than ever. The energy industry is particularly susceptible as it seeks to increase the automation of processes in the interests of efficiency, safety and reducing the potential impact of human operational errors.

New BIMCO Cyber Security Clause

News / Anti-Money laundering in the Real Estate Industry: Can we learn from the financial services experience?

09-07-2019 / Real Estate

Anti-Money Laundering and Counter-Terrorist Financing (‘AML’) regulations have increased compliance costs and regulatory scrutiny in the past four years with no less than three European Directives published since 2015. The scopes of the first regulations were originally focused on financial services but were extended to other sectors including the real estate industry. Penalties have already been imposed on a number of agents. How can estate agents mitigate their regulatory risk? This note explores the regulatory landscape in the Real Estate industry, then uses the lessons learnt for the financial services industry to explore the possibility to implement a real estate solution.

Anti-Money laundering in the Real Estate Industry: Can we learn from the financial services experience?

News / Anti-Money laundering in the Real Estate Industry Can we learn from the financial services experience

09-07-2019 /

Anti-Money Laundering and Counter-Terrorist Financing (AML') regulations have increased compliance costs and regulatory scrutiny in the past four years with no less than three European Directives published since 2015 The scopes of the first regulations were originally focused on financial services but were extended to other sectors including the real estate industry Penalties have already been imposed on a number of agents How can estate agents mitigate their regulatory risk This note explores the regulatory landscape in the Real Estate industry, then uses the lessons learnt for the financial services industry to explore the possibility to implement a real estate solution

News / RICS publishes statement on Countering Bribery and Corruption, Money Laundering and Terrorist Financing

13-02-2019 /

RICS have published a professional statement on Countering Bribery and Corruption, Money Laundering and Terrorist Financing Five representatives from Ince Gordon Dadds were present at the launch of the new standard, with one on the panel

RICS publishes statement on Countering Bribery and Corruption, Money Laundering and Terrorist Financing

Insights / AML Compliance and Enforcement Seminar, brought to you by Ince Gordon Dadds & iGaming Academy

03-01-2019 / Gaming & Betting

AML Compliance and Enforcement Seminar, brought to you by Ince Gordon Dadds & iGaming Academy. Tuesday 15 January 2019, Intercontinental Hotel Malta – 1.00pm – 8.00pm.

AML Compliance and Enforcement Seminar, brought to you by Ince Gordon Dadds & iGaming Academy

News / All Change for Asset Managers

19-07-2018 /

From 1st April next year, Authorised Fund Managers (AFMs) will be subject to new measures as set out by the Financial conduct Authority (FCA) in its April policy statement, where it specified changes to the [FCA] handbook.

All Change for Asset Managers

News / Digitalisation is increasing the business risk from money laundering

22-05-2018 /

This article was published in Global Banking and Finance April 2018 Ince Gordon Dadds, the legal and professional services firm, is urging businesses to get smarter in how they handle money laundering or face the wrath of HMRC with some hefty financial fines. It warns that the digitalisation of cash has led to increased risks to businesses from money laundering. Whilst the majority of businesses are good at acknowledging these risks, they need to do more to mitigate the risk of money laundering.

Digitalisation is increasing the business risk from money laundering

News / Estate agents must look out for money laundering – Alex Ktorides’ article in Mortgage Finance Gazette

13-09-2017 / Real Estate

Following new anti-money laundering law, estate agents now have to scrutinise house buyers’ finances to make sure they are not buying property with dirty money. But the legislation was rushed through and there is concern that estate agents are not fully aware of their responsibilities. Alex Ktorides, partner at Ince Gordon Dadds, explains

 Estate agents must look out for money laundering – Alex Ktorides’ article in Mortgage Finance Gazette

News / Finding a Home for the Fourth Money Laundering Directive

14-06-2017 /

Last year the House of Commons published a report on proceeds of crime which made alarming comments in relation to money laundering The findings of the report were that the processes in place in many real estate firms is insufficientnbsp

Finding a Home for the Fourth Money Laundering Directive

News / Tesco’s £250 Million Mistake You Need to Avoid

12-04-2017 /

This week Tesco finally agreed to a £129 million fine for overstating its profits in 2014, thus avoiding prosecution. This agreement, made by Tesco Stores Ltd. Follows a two-year probe from the SFO. Not only did Tesco suffer majorly from share price hits, but is now also facing a huge fine for its errors. Alex Ktorides, Head of Ethics and Risk Management at Ince Gordon Dadds, here provides Finance Monthly with a specialist overview of the matter, and hints at potential implications for any business missing the mark when it comes to such critical internal vulnerabilities.

Tesco’s £250 Million Mistake You Need to Avoid

News / On the Audit Trail

07-04-2014 /

OFR offers greater flexibility to law firms in how they can achieve high standards through the new SRA handbook and a compliance plan. Compliance Officers for Legal Practice (COLPs) and Compliance Officers for Finance and Administration (COFAs) are key players as “champions of legal risk management”.

On the Audit Trail