Charles Nugent-Young
Senior Advisor - Risk Advisory
Norton Rose Fulbright Australia
Related services and key industries
Biography
Charles advises government, financial services and mining clients on both contentious and non-contentious regulatory and compliance matters.
Charles has extensive experience advising on anti-money laundering and counter-terrorism financing (AML/CTF) regulation, targeted financial sanctions, M&A involving regulated entities and transactions relating to the Foreign Investment Review Board (FIRB). His contentious experience includes assisting clients with regulatory investigations and enforcement in relation to a range of Commonwealth, State and foreign laws and regulations.
Recent highlights include advising:
- A global bank on the requirement under AML/CTF regulation to report cross-border movements of bank guarantees and cheques
- An energy company on the application of AML/CTF regulation to energy derivatives traded as a hedge against fluctuations in electricity and other commodity prices
- A cryptocurrency exchange on the application of AML/CTF regulation to the client's business model and the circumstances in which the client could rely on customer due diligence procedures undertaken by a reliable third party
- An asset manager on the application of AML/CTF regulation to the client as lender of record in syndicated lending arrangements and as sub-participant in a separate participation agreement
- A financial leasing company on the requirement under AML/CTF regulation to report international funds transfer instructions in circumstances where the transaction is facilitated by banks
- An international law firm on the application of Australian sanctions laws to making funds available to certain parties in Iran
- A global mining company on the application of Australian sanctions laws to a shipment of metallurgical coal to Iran, and
- A railway freight operator on the application of Australian sanctions laws to the ownership structure of a magnetite iron ore miner involving multiple countries subject to targeted financial sanctions.
He also recently completed a long-term secondment as a senior lawyer in the regulatory legal team of ANZ Banking Group.
Professional experience
Collapse all- Bachelor of Laws, Bond University (2012)
- Bachelor of Arts, Bond University (2012)
- High Court of Australia 2021
- Supreme Court of the Australian Capital Territory 2013
- English
Insights
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Publication | May 02, 2024
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Publication | Q2 2024
Financial services monthly wrap-up: November 2023 to January 2024
Publication | February 16, 2024