Federal Government
ABA president conveys association efforts to combat money laundering
ABA President Paulette Brown expressed the association’s concerns last month over proposed legislation that would subject many lawyers to the anti-money laundering (AML) and suspicious activity reporting (SAR) requirements of the Bank Secrecy Act and thus undermine the attorney-client privilege, the confidential lawyer-client relationship, and state court regulation of lawyers. Brown also outlined the many positive steps the ABA and the legal profession are taking to fight money laundering in ways that avoid these negative consequences.