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- Legal professionals are involved in the vast majority of transactions in Mauritius and, therefore, can play a key role in detecting money laundering and financing of terrorism and proliferation schemes involving this industry.
attorneygeneral.govmu.org/Documents/Law Firms/AMLCFTdocuments/LEGALPROFESSIONALSGUIDELINESNOV20.pdf
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and the level of cash activity make the sector inherently vulnerable to money laundering. Legal professionals are involved in the vast majority of transactions in Mauritius and, therefore, can play a key role in detecting money laundering and financing of terrorism and proliferation schemes involving this industry.
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Mauritius to prevent, detect and deter money laundering and the financing of terrorism and proliferation, namely – (i) strengthening the AML/CFT legal and regulatory framework; (ii) implementing a comprehensive risk-based supervision framework; (iii) strengthening the process by which the ML/TF threats are detected and disrupted,
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Dealers can play a key role in detecting money laundering and financing of terrorism and proliferation schemes. Given that they are in direct contact with clients (either buyer and/or sellers), they are well placed to detect any suspicious transaction/activity. This document has been issued pursuant to section 10(2) (ba) of the FIAMLA, 2002.
May 3, 2022 · The aim of the present study is to shed light on the role of legal practitioners, namely, lawyers and notaries, in the fight against money laundering: Are they considered as facilitators or obstacles against money laundering? How does the global and the EU legal framework deal with the legal professionals? Design/methodology/approach.
KNOW YOUR CLIENT: A Lawyer’s Role as Gatekeeper Against Money Laundering and Terrorist Financing and Related Ethical Rules. lence, fuel further criminal activity, and threaten the foundations of the rule of law (in its broadest sense). Given a lawyer’s role in society and inherent professional and other obligations and standards, lawyers must.
May 7, 2024 · In this article, Dr Joanne Cracknell explores the emerging risks and trends facing the legal profession from money laundering as identified by the Solicitors Regulation Authority (SRA) in its recently published anti money laundering and terrorist financing sectoral risk assessment.
Watch our webinar with HMRC to learn more about professional money launderers. It considers the risks that professional money launderers pose, providing information on who they are, what they do and the methodologies they use in the exploitation of legal services. We're here to help you prevent and detect money laundering.
