News & Analysis as of

Client Identification Rule

White & Case LLP

Mexico’s CNBV updates remote contracting requirements

White & Case LLP on

On Thursday, September 9, the resolutions that reform, add and repeal the general rules on the prevention and identification of operations with resources of illicit origin applicable to financial cooperative associations...more

White & Case LLP

Regulatory update to remote onboarding procedures of various financial institutions

White & Case LLP on

On Thursday, September 9, the resolutions that reform, add and repeal the general rules on the prevention and identification of operations with resources of illicit origin applicable to financial cooperative associations...more

McGuireWoods LLP

Sloppy Client Identification Practices Doom a Privilege Claim

McGuireWoods LLP on

Lawyers should always clearly and consistently identify their “client” if there is any question about whom they represent – because every ethical duty and privilege protection ownership flows from that relationship. Lawyers...more

Sheppard Mullin Richter & Hampton LLP

Fifth Circuit Holds that Law Firm Cannot Claim Privilege Over Client Identity in IRS Probe

In Taylor Lohmeyer Law Firm P.L.L.C. v. United States, No. 19-50506, 2020 WL 1966844 (5th Cir. Apr. 24, 2020), the United States Court of Appeals for the Fifth Circuit held that a Texas-based estate and tax-planning law firm...more

Latham & Watkins LLP

Singapore Proposes Regulatory Enhancement to Detect Market Abuse

Latham & Watkins LLP on

MAS hopes to strengthen controls on market abuse with new client identification and record keeping requirements for FIs. Key Points: ..In August 2019, the Monetary Authority of Singapore (MAS) proposed four new...more

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