MONEYLAUNDERING REFORM
March 1st, 2005
BY KEITH NUTHALLTHE COUNCIL of the Bars and Law Societies of Europe is pressing the European Commission to delay proposals to reform for a third time, European Union (EU) anti-money laundering legislation. It fears it would further erode guarantees of client confidentiality, already attacked by the EU's second money laundering directive, which for instance insists lawyers tip off authorities if a client requests information on laundering cash. The third directive would for instance remove a defence that a lawyer mistakenly briefed a money launderer "in good ...
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.