7-10 August 2019 Hotel InterContinental Mark Hopkins, San Francisco Topics include: AML, cybersecurity, re-branding regulators, dealing with vulnerable lawyers and regulating out of state attorneys. This event has now passed.
The relevance of FATF’s recommendations and fourth round of mutual evaluations to the legal profession
More than two hundred countries in the world have agreed to abide by the anti-money laundering (“AML”) recommendations developed by the Financial Action Task Force (“FATF”), which is an intergovernmental organization. This article focuses on the potential impact on the legal profession of FATF’s fourth round of mutual evaluations. During these mutual evaluations, which currently…
The FATF FinTech and RegTech initiative
At the end of February 2018, the Financial Action Task Force (FATF) launched the new FATF FinTech & RegTech initiative platform, to share information about national initiatives and developments relevant to FinTech and RegTech. The FATF policy is to strongly support responsible financial innovation in line with the FATF Standards to tackle money laundering and…
SRA publishes the findings of its money laundering review
The SRA’s review of 50 firms has shown that although most law firms are doing what is needed to tackle money laundering, some need to do more. The review of firms – large and small – explored the profession’s compliance with the more stringent demands of the Money Laundering Regulations 2017, introduced last June. It also…
The Federation of Law Societies of Canada: AML update
The Federation of Law Societies of Canada (the “Federation”) is in the midst of a consultation with its members, the 14 provincial and territorial regulators of the legal profession, on proposed amendments to the Model Rules that have formed the cornerstone of the law societies’ fight against money laundering and the financing of terrorist activities…
ICLR 2017 – Panel: Anti-money laundering and Counter-Financing of Terrorism
A synopsis of panel session 2, which takes place on 5 October at ICLR Singapore, kindly provided by the session’s moderator, Ellyn S. Rosen – Regulation and Global Initiatives Counsel, American Bar Association Center for Professional Responsibility. Conference materials will be made available to ICLR.net members after the conference. During the first day of the Conference,…