Anti-Money Laundering · glossary
A client’s right to keep legal advice secret. A lawyer need not report what reached him in privileged circumstances. Facts the firm finds while checking its client are not privileged, so privilege did not stop the report on Merranby. MLRO’s Decision Note, paragraph 2 · Chapter 8
Explained in Chapter 8, Suspicious Activity Reports (SARs) and DAML Requests, of Anti-Money Laundering.
The main page for this term is Legal professional privilege, in Legal Due Diligence.
Lawyers keep their clients’ secrets. Legal professional privilege protects what a client tells a lawyer to get advice. The Act respects it, so a lawyer need not report what reached him in privileged circumstances.Read Chapter 8, Suspicious Activity Reports (SARs) and DAML Requests →
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