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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-08-11T13:30:00
Under increasing pressure from federal lawmakers and regulators, the American Bar Association (ABA) agreed to strengthen the obligations lawyers must meet when weighing whether to stop representing clients who might be using their services to commit financial crimes.
On Tuesday, the ABA passed a resolution by a vote of 216-102 that amended the organization’s rule on how lawyers should decline or terminate a client who is potentially using their services to further various financial crime schemes. The amendment inserted wording on the obligation—which had long been recommended as best practice in comments to the rule—and converted it to the rule’s “black letter” wording.
“A lawyer shall inquire into and assess the facts and circumstances of each representation to determine whether the lawyer may accept or continue the representation,” the rule stated. The lawyer should cease representing a client if “the client or prospective client seeks to use or persists in using the lawyer’s services to commit or further a crime or fraud, despite the lawyer’s discussion … regarding the limitations on the lawyer assisting with the proposed conduct.”
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2023-08-07T17:37:00Z By Jeff Dale
Sidley Austin announced the appointment of Kenneth Polite Jr., former head of the Department of Justice’s Criminal Division, as a partner and co-lead of the law firm’s white-collar government litigation and investigations practice.
2023-08-04T18:01:00Z By Adrianne Appel
Covington & Burling is leaving open the possibility of appealing a recent federal court order requiring the law firm to provide the names of hacked clients to the Securities and Exchange Commission.
2023-05-02T17:11:00Z By Jeff Dale
In-house counsel salaries took a small step back in 2022, according to the latest analysis from executive search firm BarkerGilmore, while overall bonuses suffered a much steeper decline.
2024-06-03T18:48:00Z By Aaron Nicodemus
Swedish telecommunications giant Ericsson announced the conclusion of the independent compliance monitorship imposed on the company following its 2019 settlement for violations of the Foreign Corrupt Practices Act.
2024-04-04T00:41:00Z By Aaron Nicodemus
Former Albemarle CCO Andrew McBride explained at Compliance Week’s 2024 National Conference how he led the company’s compliance department to remediate the issues that led to apparent FCPA violations and how the team used data analytics to assess risks and implement compliance solutions.
2024-03-29T18:46:00Z By Jeff Dale
Swedish telecommunications company Ericsson announced its independent monitor appointed by the Department of Justice certified its compliance program satisfies the requirements ordered by the U.S. agency following its 2019 Foreign Corrupt Practices Act settlement.
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