Clive Cutbill

International risk and compliance director | London

Clive is the international risk and compliance director.

He took over the role in June 2013, having been a partner in the charities and philanthropy team. In his former role, in addition to providing advice on charity governance and operational issues, Clive led the philanthropy practice, advising both charities and donors in relation to tax-efficient giving and funding.

He has been the firm’s nominated officer for money-laundering reporting purposes since 2002 and, as chair of the STEP Anti-money Laundering Task Force, was involved in discussions with HM Treasury, MEPs, the European Commission and the Financial Action Task Force of the OECD regarding the fight against money laundering and terrorist financing.

In the latter role, he was a recipient of an outstanding achievement award at the STEP 2007 Private Client Awards for his role in securing key amendments to the Money Laundering Regulations 2007 at draft stage. His combination of knowledge and experience in the fields of trust and charity law, on the one hand, and money laundering and terrorist financing issues, on the other, has been described as ‘unique’.

Clive founded, and was the initial chair of, the STEP Philanthropy Advisors Special Interest Group and was also a member of the working party set up by HM Revenue & Customs to review the Substantial Donor Rules which led to their replacement with the Tainted Charity Donations Rules.

In his current role, Clive continues to provide consultancy to the Charities and Philanthropy team.

Clive is ranked in Chambers and Partners 2015 and is described as ‘heavily involved in the establishment of US/UK dual-qualified charitable structures, as well as advising on tax-efficient and funding issues for an array of charities and donors. He is recognised for his expertise in the area of money-laundering prevention.’

Track record

Admissions

Publications

Memberships

Talks

Advised a number of foreign charitable bodies, including US and other foreign universities, in relation to English charity and related tax law issues.

Establishment of US/UK dual-qualified charity structures both for institutions and for donors exposed to both UK and US tax and other issues relating to cross-border charitable giving.

Provide practical and authoritative advice in relation to issues where charity and philanthropy, on the one hand, and compliance issues, including money laundering and terrorist financing issues on the other, inter-relate.

England and Wales, 1985

‘Handbuch des Internationalen Stiftungsrechts’ (Zerb Verlag, 2007), English chapter, co-collaborator with German lawyers

‘International Charitable Giving’, (Oxford University Press, 2012), Money Laundering and Terrorist Financing issues chapter, author; co-editor with Alison Paines and Murray Hallam

‘Practical Trust Precedents’, and ‘Practical Will Precedents’, Sweet & Maxwell, editor

Society of Trust and Estate Practitioners

City of London Law Society

Charity Law Association

‘English Solicitors and Escrow Arrangements’, Milan Notaries’ Meeting, Milan - January 2016

‘Specific Uses of Charities in the Onshore World’, 25th Oxford Offshore Symposium, Oxford - September 2015

‘Compliance: What Happens When Things Go Wrong?’, 25th Oxford Offshore Symposium, Oxford - September 2015

Me in a minute

My experience from many years of practice, much of it cross-border, has helped me bring a new perspective to the firm's risk and compliance

When I was asked to take over as global risk and compliance director in 2013, I had mixed emotions. It was difficult to leave a team I had worked with for many years and hand over the leadership of a practice area I had spent some time building across the firm. At the same time, having spent over ten years as the firm’s MLRO, working closely with the risk and compliance team, the opportunity to take on a management role which built on that part of my experience was exciting.

Happily, I am still able to retain an involvement in my old areas of practice and the experience I have been able to develop in my new role has enhanced my ability to support my former client-base. In addition, I hope that my experience from many years of practice, much of it cross-border, has helped me bring a new perspective to the firm’s risk and compliance team which is to the benefit of both the firm and its clients. All in all, I believe it has proved to have been a ‘win-win’ decision for me, the firm, and its clients.

Education


Languages


  • English

Dates


Joined

2000

Recognition


London

16 Old Bailey,

EC4M 7EG

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