“There is little, if any, justification for the FATF Standard that require lawyers to report suspicious transactions about their clients or otherwise enact comprehensive Anti-Money Laundering regulation of lawyers.”
Do you agree with this statement? You must give reasons for your answer. In answering the question, you must refer to 2 or more countries, including one country that has not adequately implemented the FATF Standard (e.g. United
States, Australia) and one country that has complied with the Standard (e.g.member of the European Union, United Kingdom) in relation to Designated non- financial Businesses and Professions (DNFBPs).
Compulsory Source
Michael Levi (2022) Lawyers as money laundering enablers? An evolving and contentious relationship’, Global Crime, 23:2, 126-146. Available at https://doi.org/10.1080/17440572.2022.2089122
