Anti-Money Laundering and Sanctions Expert Working Group overview

The Anti-Money Laundering and Sanctions Expert Working Group is a specialised Working Group of the Regulation of Lawyers' Compliance Committee of the IBA’s Public and Professional Interest Division. The Group tackles the practical difficulties for the legal profession presented by compliance with anti-money laundering legislation in Europe and the rest of the world. The aims of the Anti-Money Laundering Legislation Implementation Group are to:

  • ensure appropriate awareness of the difficulties encountered in preventing and detecting money laundering among the legal profession and clients throughout the world;
  • seek a dialogue with the Financial Action Task Force (FATF), the European Commission, local regulatory bodies, bar associations and others to share information and encourage more coordination; 
  • analyse the impact of implementation of the Second EU Money Laundering Directive as well as other international initiatives on international law firms and private practitioners as they provide legal advice across national borders;
  • monitor all legislative and regulatory anti-money laundering requirements affecting lawyers and their clients in the UK, Europe and internationally; and
  • provide an informative and educational resource for practitioners and academics to promote understanding of the practical implications of anti-money laundering regulations.