American Bar Association upgrades lawyer due diligence to prevent client fraud

US lawyers voted to adopt a revised rule as part of an effort to alleviate concerns about the use of lawyers to facilitate financial crime.

The membership group of US attorneys, the American Bar Association (ABA), wrapped up its two-day annual meeting on Tuesday by adopting a host of new policies. They included a resolution that strengthens a lawyer’s obligation to assess whether a client seeks to use the lawyer’s services to further a crime

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