It emerged last week that the Council of the Bars and Law Societies of Europe (CCBE) has launched a survey of its members in the 25 EU member states, in order to ascertain the impact that the second money laundering directive has had on the European legal profession.
Following the announcement earlier this month by the Dutch EU Presidency that agreement had been reached at the recent ECOFIN meeting on amendments to the directive, the CCBE revealed that it would be pushing for reform.
Together with the UK's Law Society, the CCBE took exception to a provision in the amended legislation preventing lawyers from informing a client that they have been reported for suspected money laundering, and also expressed concern regarding the lack of mutual recognition in the amended directive.
Explaining that the survey will look at issues and problems raised by the existing anti-money laundering regime, the CCBE's secretary-general, Jonathon Goldsmith suggested to the Law Society's Law Gazette that:
"It appears as if the commission and other institutions are proceeding with a third directive without any proper evaluation of the impact of the second directive."
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