The IBA Anti-Money Laundering Forum, the lawyers’ 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 of the map or on the menu bar 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.
Anti-Money Laundering News
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05/11/2014 Money Laundering Prevention Guide - A Global First For Lawyers
A new guide aiming to provide lawyers across the world with practical guidance in detecting and preventing money laundering has been produced by the International Bar Association (IBA) in conjunction with the American Bar Association (ABA) and the Council of Bars and Law Societies of Europe (CCBE).
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09/09/2014 Cuba's Ministry of Justice Releases a New Resolution Extending Anti-Money Laundering/Terrorist Financing Oblications to Lawyers, Notaries and Legal Consultants
In a bid to forward the aims of combatting money laundering and terrorist financing, the Cuban Ministry of Justice recently released a resolution requiring lawyers, legal consultants and notaries to make suspicious transaction reports. This is in line with President Raúl Castro’s Decree 317 (released late last year), which indicated that Cuba intends to reform economic crime standards.
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06/11/2013 INBLAC, the First Association of Experts in Anti-Money Laundering and Terrorist Financing established in Spain, Hosts Conference for Law Firms
On 18 October 2013, the Instituto de Expertos en Prevención de Blanqueo de Capitales y Financiación del Terrorismo (INBLAC) conducted a conference titled “Law Firms and Money Laundering”. During the conference, Francisco Bonatti, executive secretary and co-founder of the association, expressed his concerns about the unawareness of many companies and professionals of their vulnerability under the anti-money laundering legislation and reminded them that the Spanish Criminal Code observes the misdemeanour commission of the money laundering crime.
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2013/10/07 The National Crime Agency replaces the Serious Organised Crime Agency
On 7 October 2013, the National Crime Agency (NCA) was launched, replacing the Serious Organised Crime Agency (SOCA) and taking over the function of the UK Financial Intelligence Unit (FIU). It is expected to be fully operational by December 2013.
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23/05/2013 ABA Standing Committee Issues Formal Opinion on Lawyers’ AML/CFT Obligations
The Model Rules of Professional Conduct and the ABA Voluntary Good Practices Guidance for Lawyers to Detect and Combat Money Laundering and Terrorist Financing (“Good Practices Guidance”) are consistent in their ethical principles, including loyalty and confidentiality. The Good Practices Guidance provides information to help lawyers recognize and evaluate situations where providing legal services may assist in money laundering and terrorist financing.
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16/04/2013 Kuwait’s National Assembly Approves New Anti-Money Laundering Law
On the 2 April 2013, the National Assembly of Kuwait passed a new AML/CFT law, putting in place changes that affect the reporting obligations of lawyers under the country’s AML/CFT regime. The changes introduced by the revised law take into consideration for the first time information that is protected by confidentiality.
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For previous news, please visit our News Archive News Archive. |
Featured Resources
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Anti-Money Laundering Regulation - What Can be Learned From the Canadian Experience, by Ronald J. MacDonald, Q.C President, Federation of Law Societies of Canada, IBA Annual Conference Dubai, November 2011
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Never to Whistleblow - JFBA’s Approach: When to whistleblow – a lawyer’s guide, by Tatsu Katayama, Anderson Mori & Tomotsune, Tokyo, Japan, IBA Annual Conference Dubai, November 2011 |
Featured Media
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Webcast Interviews
Interview with Luis Urrutia Corral, President of Financial Action Task Force during the IBA's annual conference in Vancouver.
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