Together with experts from Moldova’s Financial Intelligence Unit, Viorica Bejan led an AML/CFT training for lawyers at the Training Center of the Moldovan Bar Association. The focus: new regulatory requirements, risk assessment, reporting and good practice.
Five takeaways for legal professionals:
- Litigation alone is not a specified activity under AML/CFT rules — but transactional work for a client is.
- Professional secrecy protects the client; it is not a shield for misuse of legal services.
- Assess each client’s risk at the start of the relationship and document it.
- Know the red flags and have an action plan for when you see them.
- Have internal controls in place and train your team regularly.
