.png)
.png)
Money laundering
A Court of Appeal judgment provides protection for legal professional privilege. It makes it clear that lawyers owe a primary duty to the court and to their client and it exempts them from making money laundering reports. The Law Society intervened in Bowman v Fels to establish what steps solicitors must take when suspicions of money laundering arise when they are acting for a client in litigation.
The case involved a solicitor who became suspicious in a property dispute that the client's former cohabitee may have included the cost of work carried out at the property in his business accounts. The solicitor reported this to the National Criminal Intelligence Service.
The appeal is the first time that the money laundering provisions of Part 7 of the Proceeds of Crime Act 2002 have been considered by the Court of Appeal. One of the issues was the correct interpretation of...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
