Lawyers Fight Bill Forcing Them to Report Suspicious Client Acts

Lawyers Fight Bill Forcing Them to Report Suspicious Client Acts

August 29, 2022, Bloomberg Law

Nikhil Gore spoke with Bloomberg Law about the ENABLERS Act, proposed anti-money laundering legislation appearing in the defense authorization bill that would require lawyers to report suspicious transactions by clients, as banks already must do.

Opponents to the bill worry the plan would disrupt attorney-client privilege and empower the Treasury Department to conduct random audits. “The audit power really is quite broad and unconstrained,” Nikhil explained.

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