IBA Anti-Money Laundering Forum

The IBA Anti-Money Laundering Forum, the lawyer’s guide to legislation and compliance, is an internet-based network assisting lawyers in dealing with their current responsibilities in connection with new anti-money laundering legislation.

Click on a region on the map or in the side menu to link to detailed information about each jurisdiction's summaries of anti-money laundering legislation and compliance requirements that have a significant impact on the legal profession.

Also, please read the latest featured articles.

R E C E N T U P D A T E S

	18/06/2009 - Over the past month, we have successfully updated the following countries: Iceland, Nicaragua, Paraguay, Republic of Congo, South Africa, United Arab Emirates and Uruguay. Over the past three months, we have also updated Benin, Brazil, Burkina Faso, Cameroon, Canada, Central African Republic, Chad, Egypt, El Salvador, Greece, Guatemala, Guyana, Honduras, Italy, Ivory Coast, Kuwait, Mexico, Republic of Yemen, Slovakia, Spain and Sweden.

	Full list of updates.

A M L N E W S

	16/06/2009 – Hong Kong to table in new Anti- Money Laundering Legislation. The Financial Services and the Treasury Bureau in Hong Kong have submitted a new Anti-money Laundering Bill. This bill if enacted will bestow more authoritative powers onto the financial regulators against non-compliant institutions. More >>

	04/06/2009 – Andorra, Liechtenstein and Monaco are removed from the OECD list of Unco-operative Tax Havens. The Organisation for Economic Co-operation and Development has announced that Andorra, Liechtenstein and Monaco are no longer on the black list of tax havens. This will be a welcome step for Anti-Money Laundering organisations as tax evasion and money laundering activities are often linked. The incorporation of international tax standards will improve anti-money laundering regulation in these jurisdictions. More>>

	18/05/2009 – Cape Verde’s AML Legislation Expected to Come into Force. New Anti-Money Laundering legislation is expected to be enacted at the end of May after Parliament unanimously approved the draft law. It is yet to be determined whether the legal profession will also be obligated in undertaking anti money laundering obligations. More>>

	06/05/2009- Indonesia One Step Closer to Approving Draft Bill. The House of Representatives’ Commission III in Indonesia has agreed to push deliberation of the draft Bill on Anti-money Laundering (AML). The Bill, which was submitted to the House three years ago, is said to bring AML obligations in line with international recommendations and cooperation. Reflecting this, the Indonesian legal profession will evidently be affected. More>>

	29/04/09 – UK Anti-Money Laundering Regime Brought Again Into Question. The UK anti-money laundering and combating terrorist financing regime is facing problems in regards to both financial and non-financial sectors. Certain financial institutions are not accurately fulfilling their obligations and non-financial businesses and professions, like lawyers, are facing burdens rather than rewards. More>>
For previous news, please visit our news archive.

F E A T U R E D A M L R E S O U R C E

22/05/2009: The Financial Action Task Force – Lawyers as “Gatekeepers”: Risk-Based Approach Guidance for Legal Professionals - Stephen Revell.

A presentation made by the Chair of the IBA Anti-Money Laundering Legislation Implementation Group before the IBA Bar Leaders Conference 2009.

F E A T U R E D A M L E V E N T

IBA Annual Conference

4 - 9 October 2009
Madrid, Spain

Click here for further information

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