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Q&A Bar Primer on the Anti-Money Laundering Act
The Financial Action Task Force (FATF), an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering, described lawyers as potential “gatekeepers” to money laundering and terrorist financing efforts, due to the different services they can offer to their clients. In the FATF Report on Money Laundering Typologies 2000-2001, the FATF illustrated how lawyers become susceptible to complex money laundering schemes due to their ability to easily switch between “advising on financial and fiscal matters, establishing trusts and corporate entities and completing property and other financial transactions, such as investments.”
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Q&A Bar Primer on Banking Laws
The coverage of banking laws in the bar examinations during the last thirty (30) years have been few and far in between. Revisiting the pre-pandemic syllabus on banking laws, the topics were broad and extensive for the reviewees to study and absorb all pertinent laws and provisions on banking.
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Pointers in Banking Laws and the Anti-Money Laundering Act
This book is arranged by the different laws covering Banking Laws, including the AMLA. Each chapter provides a basic discussion of the major concepts and its rationale, and integrates the relevant laws associated to the particular concept.