Comment on Law Firms' Accounts Pose Money-Laundering Risk

Law Firms' Accounts Pose Money-Laundering Risk

Citing attorney-client privilege, U.S. law firms keep secret the owners of money that moves into and out of their pooled accounts, a money-laundering vulnerability that U.S. prosecutors say was exploited in a multibillion-dollar fraud at Malaysian state fund 1MDB.

 

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