EU BAR ASSOCIATIONS STILL FIGHTING TO PROTECT CLIENT CONFIDENTIALITY IN MONEY LAUNDERING CASES
October 1st, 2007
BY ALAN OSBORN
THE EUROPEAN Union (EU) legal profession suffered a significant reversal in June this year when the European Court of Justice (ECJ) ruled that reporting obligations imposed on lawyers participating in financial transactions with no link to judicial proceedings did not breach the right to a fair trial. The court seemed to be saying, in short, that the lawyers' long-cherished principle of client confidentiality would have to give way to the demands of the anti money laundering forces if the two came into collision. The case had been brought by the ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.