Author: Winston Tay
Anti-Money Laundering Risk Management for Singapore Legal Firms: Developments,Duties, and Practical Safeguards
I. Introduction For many lawyers, anti-money laundering (AML) compliance is often perceived as a regulatory burden; an administrative exercise imposed by regulators that competes with the pressures of client work and billable hours. Yet the regulatory trajectory in Singapore suggests that this perception is increasingly untenable. AML compliance is no longer a peripheral compliance function.…
|
When Lawyers Need Laymen
I’m not a lawyer. For that matter, I’m not a paralegal either (not yet anyway, on both counts). I work for a lawyer, though. And as I trudge through my 9 to 6 weekdays running through cases with him, analyzing evidence and pouring through his mess of letters, authorities and court forms, I have slowly…
