Expatica news

Lawyers forced to report clients they suspect of money laundering

A new law takes effect on September 18th, 2017 that does away with client confidentiality by obliging lawyers, bankers and notaries to inform the Central Investigation Department should they suspect their clients of money laundering or terrorist financing.

This new legislation strengthens the powers of the Central Criminal Investigation and Action Department (DCIAP) “for the purpose of preventing money laundering and terrorist financing, to access directly all financial information, fiscal, administrative, judicial and police.”


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