Money Laundering and Terrorist Financing

Purpose: To draw barristers' attention to their obligations in relation to countering money laundering and terrorist financing, and to make practical suggestions in that regard

Scope of application: All practising self-employed barristers

Issued by: The Ethics Committee

Originally issued: January 2016

Last reviewed: April 2017
 
Status and effect: Please see the notice at the end of the 'Core Points' section of this document. This is not "guidance" for the purposes of the BSB Handbook I6.4.

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Money Laundering and Terrorist Financing

 

Important Notice

This document has been prepared by the Bar Council to draw barristers' attention to their legal obligations in relation to countering money-laundering and terrorist financing, and to make some practical suggestions in that regard. It is not "guidance" for the purposes of the BSB Handbook I6.4, and it has not been approved by HM Treasury. It cannot be regarded as a definitive statement of the law or of the effect of the law, and does not comprise - and cannot be relied on as giving - legal advice. It has been prepared in good faith, but neither the Bar Council nor any of the individuals responsible for or involved in its preparation accept any legal responsibility or liability for anything done in reliance on it. For fuller information as to the status and effect of this document, please refer to the professional practice and ethics section of the Bar Council's website here.