Essentials: the financial crime risks of legal services providers including money laundering

For lawyers and those who deal with them.

Lawyers are both victims and perpetrators of money laundering, etc. schemes. Therefore they present risks to themselves and others.

Individuals

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About this course

Lawyers are both victims and perpetrators of money laundering schemes.

They are a risk to themselves and the people they deal with. 

This course reviews everything you need to know if you are a lawyer or if you deal with lawyers. 

The course focuses on strategic matters that affect all lawyers in all jurisdictions and those who deal with them both domestically and internationally. 

With reference to England and Wales, the USA, Australia and others, the course demonstrates the wide variations of both definitions of relevant lawyers and the obligations placed upon them.

In addition, it raises questions as to the regulatory regimes in place, the approaches of supra-national bodies and draws attention to inconsistency in laws and regulations and the gaps into which lawyers can inadvertently fall and drag their banks and others who deal with them.

This course is for legal professionals, providers of financial services to legal professionals, for regulators and those who prosecute lawyers.

Price: The price shown above includes UK VAT where applicable. 

Course level: Senior

Language: English

Access : unlimited for 12 months

Portable CPD (where recognised) 8 hours

Exam: Yes
Passmark: 80%
Retakes: Yes
Certificate: Yes
Certificate validity: 12 months from examination.

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Course curriculum

  1. 1

    • Caveat and Legal

    • Status of this course

    • Pre-requisite

    • About Essentials
  2. 2

    • 1.1 About this chapter

    • 1.2 What is a lawyer? 1

    • 1.3 What is a lawyer? 2

    • 1.4 What is a lawyer ? 3. Case Study. England and Wales. 1

    • 1.5 What is a lawyer? 4 CASE STUDY – England and Wales 1.

    • 1.6 What is a lawyer? 5 CASE STUDY – England and Wales 2.

    • 1.7 What is a lawyer? 6 CASE STUDY – England and Wales 3.

    • 1.8 What is a lawyer? 7 CASE STUDY – England and Wales 4.

    • 1.9 What is a lawyer? 8 CASE STUDY – England and Wales 5.

    • 1.10 What is a lawyer? 9 CASE STUDY – England and Wales 6.

    • 1.11 What is a lawyer? 10 CASE STUDY – England and Wales 7.

    • 1.12 What is a lawyer? 11 CASE STUDY – England and Wales 8.

    • 1.13 What is a lawyer? 12 CASE STUDY – England and Wales 9.

    • 1.14 What is a lawyer? 13 CASE STUDY – England and Wales 10.
  3. 3

    • 2.1 About this chapter

    • 2.2 Defining relevant legal professional – 1 The Financial Action Task Force 1

    • 2.3 Defining relevant legal professional – 2 The Financial Action Task Force 2

    • 2.4 Defining relevant legal professional – 3 The Financial Action Task Force 3

    • 2.5 Defining relevant legal professional – 4 Financial Action Task Force 4

    • 2.6 Defining relevant legal professional – 5 Financial Action Task Force 5

    • 2.7 Defining relevant legal professional – 6 – The European Union 1

    • 2.8 Defining relevant legal professional – 7 – The European Union 2

    • 2.5 Defining relevant legal professional – 4 – England and Wales 1

    • 2.6 Defining relevant legal professional – 4 – England and Wales 2

    • 2.7 Defining relevant legal professional – 5 - United States 1

    • 2.8 Defining relevant legal professional – 6 - United States 2

    • 2.9 Defining relevant legal professional – 7 - United States 3

    • 2.10 Defining relevant legal professional – 8 - United States 4

    • 2.11 Defining relevant legal professional – 9 - United States 5

    • 2.12 Defining relevant legal professional – 10 - United States 6

    • 2.13 Defining relevant legal professional – 11 – Australia 1

    • 2.14 Defining relevant legal professional – 12 – Australia 2

    • 2.15 Conclusions – Chapters 1 and 2 -1

    • 2.16 Conclusions – Chapters 1 and 2 -2

    • 2.17 Conclusions – Chapters 1 and 2 -3

    • 2.18 Conclusions – Chapters 1 and 2 -4

    • 2.19 Conclusions – Chapters 1 and 2 - 5
  4. 4

    • 3.1 Reporting obligations v privilege - 1

    • 3.2 Reporting obligations v privilege - 2

    • 3.3 Reporting obligations v privilege - 3

    • 3.4 Reporting obligations v privilege - 4

    • 3.5 Reporting obligations v privilege – 5

    • 3.6 Reporting obligations v privilege – 6

    • 3.7 Reporting obligations v privilege – 7

    • 3.8 Reporting obligations v privilege – 8

    • 3.9 Reporting obligations v privilege – 9

    • 3.10 Reporting obligations v privilege – 10

    • 3.11 Reporting obligations v privilege – 11

    • 3.12 Reporting obligations v privilege – 12

    • 3.13 Reporting obligations v privilege – 13

    • 3.14 2020 – Australian Federal Court issues two new judgments on privilege. 1

    • 3.15 2020 – Australian Federal Court issues two new judgments on privilege. 2

    • 3.16 2020 – Australian Federal Court issues two new judgments on privilege. 3

    • 3.17 2020 – Australian Federal Court issues two new judgments on privilege. 4

    • 3.18 2020 – ASIC′s lessons to learn on privilege.

    • 3.14 Reporting obligations v privilege – 14 - Conclusions
  5. 5

    • 4.1 About this chapter

    • 4.2 When the pin is pulled, there′s little chance of putting it back in

    • 4.3 When a pebble enters the water, there's a splash 1

    • 4.4 When a pebble enters the water, there's a splash 2

    • 4.5 When a pebble enters the water, there's a splash 3

    • 4.6 After the splash come the ripples 4

    • 4.7 SCENARIO – Introducing Winter, Dodds and Fumble, Legal Practitioners - 1.

    • 4.8 SCENARIO – Introducing Winter, Dodds and Fumble, Legal Practitioners - 2.

    • 4.9 SCENARIO – Introducing Winter, Dodds and Fumble, Legal Practitioners - 3.

    • 4.10 SCENARIO – Introducing Winter, Dodds and Fumble, Legal Practitioners - 4.

    • 4.11 Risks facing lawyers - oh *that* bombshell
  6. 6

    • 5.1 The risks lawyers present to e.g. banks is a secondary risk

    • 5.2 Risks presented to counter-parties 1

    • 5.3 SCENARIO
  7. 7

    • 6.1 The fundamentals.

    • 6.2 Conveyancing and other residential and commercial property transactions

    • 6.3 Being concerned in an arrangement a.k.a. aiding and abetting or ″facilitating″ money laundering.

    • 6.4.1 How money launderers use litigation for money laundering 1

    • 6.4.2 How money launderers use litigation for money laundering 2

    • 6.4.3 How money launderers use litigation for money laundering 3

    • 6.4.4 How money launderers use litigation for money laundering 4

    • 6.4.5 How litigation lawyers have been hung out to dry by relevant laws 5
  8. 8

    • 7.1 Creating a laundering vehicle and taking part in a laundering scheme

    • 7.2 Allowing use of clients′ account (attorney's trust account) for transactions.

    • 7.3 Good client gone bad

    • 7.4 If you can′t trust a bank...
  9. 9

    • The case studies raise many questions. Here are some that you should think about.

  10. 10

    • Lawyers and money laundering, etc.