Don't Be an Enabler: Anti-Money Laundering for Attorneys

Attorneys can unwittingly become facilitators of money laundering. In order to protect themselves, their clients, and their firm, it is important to be aware of the risks. Similarly, certain business types or transactions have BSA reporting requirements. Knowing the reporting requirements and potential exposure to risks will help attorneys serve their clients better. 

In this course, attorneys Timothy Dunfey of Alhambra Compliance Consultants and Ross Delston of the Law Office of Ross Delston will discuss the Bank Secrecy Act and other anti-money laundering (AML) laws, rules, and regulations in a way that will benefit in-house counsel, real estate attorneys, commercial and transactional attorneys, and criminal defense attorneys.

Learning Objectives:

1.  Identify key ways to protect the attorney trust account 

2. Discuss the Enablers Act, now pending in Congress, that would require attorneys to adopt an AML program and file suspicious activity reports (SARs)

3. Explore and apply The "ABA's Good Practices" for managing AML risk at law firms