Confidentiality, compliance: Navigating challenges of reporting suspicious transactions in 2024

By Sandra Fungai Kabaya ( November 7, 2024, 12:52 PM EST) -- In the complex landscape of legal practice, lawyers often find themselves navigating the delicate balance between complying with anti-money laundering (AML) regulations and maintaining client confidentiality. The duty to report suspicious transactions can create tension that threatens the trust essential to the attorney-client relationship. In 2024, as regulatory scrutiny intensifies, it is imperative for lawyers to develop strategies that reassure clients while fulfilling their legal obligations. This article explores the challenges lawyers face in this area and presents actionable solutions to foster trust and transparency....

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