The Gatekeeper Initiative and the Risk-Based Approach to Client Due Diligence: The Imperative for Voluntary Good Practices Guidance For U.S. Lawyers

more+
less-

Table of Contents

1. FATF and the 40+9 Recommendations ...85

2. Background of Gatekeeper Initiative .... 88

3. Risk-Based Approach and Development of Lawyer Guidance ... 91

4. Risk Categories ... 94

5. Development of Good Practices Guidance ... 96

6. Application of Good Practices Guidance to CDD ... 98

7. Conclusion ... 102

...Appendix 1: Voluntary Good Practices Guidance for Lawyers to Detect and Combat Money Laundering and Terrorist Financing ...103

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Business Organization Updates, Criminal Law Updates, Finance & Banking Updates, Intellectual Property Updates, Professional Practice Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Venable LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »