445
Views
1
CrossRef citations to date
0
Altmetric
Articles

Am I my corporate’s keeper? Anti-money laundering gatekeeping opportunities of the corporate legal officer

ORCID Icon

References

  • American Bar Association. (2010) Voluntary Good Practices Guidance for Lawyers to Detect and Combat Money Laundering and Terrorist Financing.
  • AML/CTF Working Group, Federation of Law Societies of Canada. (2019) Guidance for the Legal Profession: Your Professional Responsibility to Avoid Facilitating or Participating in Money Laundering and Terrorist Financing.
  • Asia/Pacific Group on Money Laundering. (2011) Yearly Typologies Report 2011: Methods and Trends of Money Laundering and Terrorism Financing.
  • AUSTRAC. (2015) Strategic Analysis Brief: Money Laundering Through Legal Practitioners.
  • Avci, S. & Seyhun, H.N. (2016) Why don’t General Counsels Stop Corporate Crime? Ross School of Business Paper No. 1326.
  • Baer, M.H. (2008) Corporate policing and corporate governance: what can we learn from Hewlett-Packard’s pretexting scandal? University of Cincinnati Law Review, 77(2), pp. 523–584.
  • Bagley, C., Roellig, M. & Massameno, G. (2016) Who let the lawyers out? Reconstructing the role of the chief legal officer and the corporate client in a globalizing world, University of Pennsylvania Journal of Business Law, 18(2), pp. 419–507.
  • Baker, G.P. & Parkin, R. (2006) The changing structure of the legal services industry and the careers of lawyers, North Carolina Law Review, 84(5), pp. 1635–1682.
  • Bantekas, I. (2014) The international law on terrorist financing, in: B. Saul (Ed) Research Handbook on International Law and Terrorism (Cheltenham, Edward Elgar), pp. 121–135.
  • Basri, C. & Kagan, I. (2004) Corporate Legal Departments (New York, Practising Law Institute, 3rd ed).
  • Benson, K. (2018) Money laundering, anti-money laundering and the legal profession, in: C. King, C. Walker & J. Gurulé (Eds) The Palgrave Handbook of Criminal and Terrorism Financing Law, Vol 1 (London, Palgrave Macmillan), pp. 109–133.
  • Bird, R.C., Borochin, P.A. & Knopf, J.D. (2015) The role of the chief legal officer in corporate governance, Journal of Corporate Finance, 34(C), pp. 1–22. doi: 10.1016/j.jcorpfin.2015.07.002
  • Buchanan, B. (2004) Money laundering – a global obstacle, Research in International Business and Finance, 18(1), pp. 115–127. doi: 10.1016/j.ribaf.2004.02.001
  • Chaikin, D. (2013) Corporate lawyers and the challenge of the professional gatekeeper paradigm, Global Trends in Financial Crimes in the New Economies, 5th International Conference on Financial Criminology.
  • Chambliss, E. (2006) The professionalization of law firm in-house counsel, North Carolina Law Review, 84, pp. 1515–1576.
  • Coffee Jr., J.C. (2006) Gatekeepers: The Professions and Corporate Governance (Oxford, Oxford University Press).
  • Criminal Division of the US Department of Justice & Enforcement Division of the US Securities and Exchange Commission. (2012) FCPA: A Resource Guide to the U.S. Foreign Corrupt Practices Act.
  • DeMott, D.A. (2005) The discrete roles of general counsel, Fordham Law Review, 74, pp. 955–981.
  • DeMott, D.A. (2012). The stages of scandal and the roles of general counsel. (The Changing Role and Nature of In-House and General Counsel). Wisconsin Law Review, 2012(2), pp. 463–493.
  • Duggin, S.H. (2007) The pivotal role of the corporate general counsel in promoting corporate integrity and professional responsibility, Saint Louis University Law Journal, 51(4), pp. 989–1042.
  • Dzienkowski, J.S. & Peroni, R.J. (2002) The decline in lawyer independence: lawyer equity investments in clients, Texas Law Review, 81(2), pp. 405–549.
  • Earle, B. & Cava, A. (2018) Examining the JPMorgan “Princeling” settlement: insight into current Foreign Corrupt Practices Act (FCPA) interpretation and enforcement, Washington University Global Studies Law Review, 17(2), pp. 365–410.
  • European Commission. (2006) The application to the legal profession of Directive 91/308/EEC on the prevention of the use of the financial system for the purpose of money laundering (SEC(2006) 1793).
  • Eva, E. (2015) Lawyers’ legal professional privilege in Europe, 3 Practical Application of Science, 1(7), pp. 33–38.
  • FATF. (2002a) Annual Report 2001–2002 (Paris, FATF).
  • FATF. (2002b) Typology Report (Paris, FATF).
  • FATF. (2003) Annual Report 2002–2003 (Paris, FATF).
  • FATF. (2008) RBA Guidance for Legal Professionals (Paris, FATF).
  • FATF. (2013) Money Laundering and Terrorist Financing Vulnerabilities of Legal Professionals (Paris, FATF).
  • FATF. (2018) International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation: The FATF Recommendations (Paris, FATF).
  • FATF. (2019a) Guidance for a Risk-Based Approach: Legal Professionals (Paris, FATF).
  • FATF. (2019b) Public Consultation on the Draft Risk-Based Approach Guidance for Legal Professionals (Paris, FATF).
  • FATF. (undated) What Is Money Laundering? Basic Facts About Money Laundering (Paris, FATF).
  • Gallant, M. (2010) Uncertainties collide: lawyers and money laundering, terrorist finance regulation, Journal of Financial Crime, 16(3), pp. 210–219. doi: 10.1108/13590790910971766
  • Gardner, P.J. (2003) A role for the business attorney in the twenty-first century: adding value to the client’s enterprise in the knowledge economy, Marquette Intellectual Property Law Review, 17(7), pp. 17–73.
  • Goldbarsht, D. (2017) Who’s the legislator anyway? How the FATF’s global norms reshape Australian counter terrorist financing laws, Federal Law Review, 45(1), pp. 127–151. doi: 10.1177/0067205X1704500106
  • Gregory, R. (2003) The lawyer’s role: will Uncle Sam want you in the fight against money laundering and terrorism? UMKC Law Review, 72, pp. 23–50.
  • He, P. (2006) Lawyers, notaries, accountants and money laundering, Journal of Money Laundering Control, 9(1), pp. 62–70. doi: 10.1108/13685200610645229
  • Hedges, M.M. (2004) General counsel and the shifting sea of change, in: N.B. Rapoport & B.G. Dharan (Eds) Enron: Corporate Fiascos and Their Implications (New York, Foundation Press), pp. 539–568.
  • Heineman Jr., B.W. (2016) The Inside Counsel Revolution: Resolving the Partner-Guardian Tension (New York, Ankerwycke, 2nd ed).
  • Higgins, A. (2014) Legal Professional Privilege for Corporations and Public Bodies A Guide to Four Major Common Law Jurisdictions (Oxford, Oxford University Press).
  • Hill, A.M. (1995) A problem of privilege: in-house counsel and the attorney–client privilege in the United States and the European Community, Case Western Reserve Journal of International Law, 27(1), pp. 145–194.
  • Hill, L.L. (2010) The Financial Action Task Force guidance for legal professionals: missed opportunities to level the playing field. (The transformative effect of international initiatives on lawyer practice and regulation: a case study focusing on FATF and its 2008 lawyer guidance), Journal of the Professional Lawyer, p. 151.
  • International Bar Association & Secretariat of the Organisation for Economic Co-operation and Development. (2019) Report of the Task Force on the Role of Lawyers and International Commercial Structures.
  • Irwin, A.S.M., Choo, K.-K.R. & Liu, L. (2011) An analysis of money laundering and terrorism financing typologies, Journal of Money Laundering Control, 15(1), pp. 85–111. doi: 10.1108/13685201211194745
  • Kim, H.C. (2008) Gatekeepers inside out, Georgetown Journal of Legal Ethics, 21(2), pp. 411–463.
  • Kirby, D.J. (2008) The European Union’s gatekeeper initiative: the European Union enlists lawyers in the fight against money laundering and terrorist financing, Hofstra Law Review, 37(1), pp. 261–311.
  • Krauland, E.J. & Hutman, A.R. (2004) Money laundering enforcement and policy, International Lawyer, 38(2), pp. 509–519.
  • Law Council of Australia. (2017) Response to Consultation Paper: Legal Practitioners and Conveyancers: A Model for Regulation Under Australia’s Anti-money Laundering and Counter-terrorism Financing Regime.
  • Levi, M., Nelen, H. & Lankhorst, F. (2005) Lawyers as crime facilitators in Europe: an introduction and overview, Crime, Law and Social Change, 42(2), pp. 117–121. doi: 10.1007/s10611-005-5654-3
  • Middleton, D.J. & Levi, M. (2004) The role of solicitors in facilitating “organized crime”: situational crime opportunities and their regulation, Crime, Law & Social Change, 42(2–3), pp. 123–161. doi: 10.1007/s10611-005-5655-2
  • Mitsilegas, V. (2003) Money Laundering Counter-Measures in the European Union: A New Paradigm of Security Governance Versus Fundamental Legal Principles (The Hague, Kluwer Law International).
  • Moorhead, R., Vaughan, S. & Godinho, C. (2019) In-House Lawyers’ Ethics: Institutional Logics, Legal Risk and the Tournament of Influence (Oxford, Hart Publishing).
  • Morse, A., Wang, W. & Wu, S. (2014) Executive Gatekeepers: The Paradox of Lawyers in the Firm, Working Paper.
  • Nelson, R.L. (1988) Partners with Power: The Social Transformation of the Large Law Firm (Berkeley, University of California Press).
  • Nelson, R.L. & Nielsen, L.B. (2000) Cops, counsel, and entrepreneurs: constructing the role of inside counsel in large corporations, Law & Society Review, 34(2), pp. 457–494. doi: 10.2307/3115090
  • Organisation for Economic Co-operation and Development. (2016) Committing to Effective Whistleblower Protection (Paris, OCED).
  • Platt, S. (2015) Criminal Capital: How the Finance Industry Facilitates Crime (New York, Palgrave Macmillan).
  • Rosen, R.E. (1988) The inside counsel movement, professional judgment and organizational representation, Indiana Law Journal, 64(3), pp. 479–553.
  • Schwarcz, S.L. (2008) To make or to buy: in-house lawyering and value creation, Journal of Corporation Law, 33(2), pp. 497–575.
  • Shapiro, S.P. (2002) Tangled Loyalties: Conflict of Interest in Legal Practice (Ann Arbor, University of Michigan Press).
  • Shaughnessy, P. (2002) The New EU money-laundering directive: lawyers as gatekeepers and whistle-blowers, Law and Policy in International Business, 34(1), pp. 25–44.
  • Shepherd, K.L. (2009) Guardians at the gate: the gatekeeper initiative and the risk-based approach for transactional lawyers, Real Property, Trust and Estate Law Journal, 43(4), pp. 607–672.
  • Simmons, O.S. & Dinnage, J.D. (2011) Innkeepers: a unifying theory of the in-house counsel role, Seton Hall Law Review, 41, pp. 77–152.
  • Sladič, J. (2018) Professional secrecy and legal professional privilege: Slovenian perspectives on arbitration and civil litigation, Maastricht Journal of European and Comparative Law, 25(2), pp. 188–207. doi: 10.1177/1023263X18773680
  • Stessens, G. (2000) Money Laundering: A New International Law Enforcement Model (Cambridge, Cambridge University Press).
  • Terry, L.S. (2010) An introduction to the Financial Action Task Force and its 2008 lawyer guidance, Journal of the Professional Lawyer, 20(3), pp. 3–67.
  • Terry, L.S. & Llerena Robles, J.C. (2018) The relevance of FATF’s recommendations and fourth round of mutual evaluations to the legal profession, Fordham International Law Journal, 42(2), pp. 627–728.
  • United States House of Representatives. (1977) Report No. 95-831.
  • Vandekerckhove, W., James, C. & West, F. (2013) Whistleblowing: The Inside Story – a Study of the Experiences of 1,000 Whistleblowers. Project Report. (London, Public Concern at Work).
  • Veasey, N.E. (2004) Separate and continuing counsel for independent directors: an idea whose time has not come as a general practice, Business Lawyer, 59(4), pp. 1413–1418.
  • Veasey, N.E. & Di Guglielmo, C.T. (2012) Indispensable Counsel – The Chief Legal Officer in the New Reality (New York, Oxford University Press).
  • Wilson, G. & Wilson, S. (2010) Market misconduct, the financial services authority and creating a system of “city grasses”: blowing the whistle on whistleblowers, Company Lawyer, 31(3), pp. 67–80.
  • Yeoh, P. (2014) Enhancing effectiveness of anti-money laundering laws through whistleblowing, Journal of Money Laundering Control, 17(3), pp. 327–342. doi: 10.1108/JMLC-06-2013-0020

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.