Purpose

The purpose of the research paper is to determine the efficiency of all crimes approach, their relationship with a risk-based approach and the consequences on regulated sector professionals. And, therefore, what is meant by suspicion, how employees follow the requirements and how it affects the quality and quantity of suspicious activity reports. It also considers the economic and legal challenges the regulated sector faces while dealing with customers or clients. All in all, this paper investigates what does the anti-money laundering (AML) regime means for legal practice and how lawyers’ responsibility is affected.

Design/methodology/approach

As the research is being conducted through the analytical methodology, the specific topic of “regulated sector professionals and reporting suspicion of money laundering” is analyzed. It evaluates the fact that the risk-based approach followed in Financial Action Task Force (FATF) recommendations and its adaptation in the UK with all crimes approach caused discrepancy in the judicial system and influenced regulated sector professionals negatively.

Findings

The paper points out that in spite of protective amendments in terms of jurisdictional immunity, UK legislation has caused problems for regulated sector professionals, such as the potential of breaching a client confidentiality agreement and avoiding tipping-off, thus remaining under pressure by clients and facing the risk of losing their clients or obligation to record suspicions in case of court investigation.

Originality/value

The question of money laundering and the FATF recommendations has had a considerable scholarship. However, the proposed study intends to precisely look at the efficiency of all crime approaches, their relationship with a risk-based approach and the consequences on regulated sector professionals. The proposed research will further determine the regulated sector’s economic and legal challenges while dealing with customers or clients. Unlike the existing scholarship, the proposed thesis will focus on what the AML regime means for legal practice and how lawyers’ responsibility is affected.

中文翻译：

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受监管的行业专业人士和举报洗钱嫌疑：这是不成比例的负担吗？

目的

研究论文的目的是确定所有犯罪方法的效率、它们与基于风险的方法的关系以及对受监管部门专业人员的影响。因此，怀疑是什么意思，员工如何遵守要求以及它如何影响可疑活动报告的质量和数量。它还考虑了受监管部门在与客户或客户打交道时面临的经济和法律挑战。总而言之，本文探讨了反洗钱（AML）制度对法律实践的意义以及律师的责任如何受到影响。

设计/方法/方法

由于研究是通过分析方法进行的，因此分析了“受监管部门专业人员和报告洗钱嫌疑”的具体主题。它评估了金融行动特别工作组 (FATF) 建议中遵循的基于风险的方法及其在英国对所有犯罪方法的适应导致司法系统出现差异并对受监管部门的专业人员产生负面影响的事实。

发现

该文件指出，尽管在管辖豁免方面进行了保护性修订，但英国立法给受监管的行业专业人士带来了问题，例如可能违反客户保密协议和避免举报，从而继续承受客户的压力并面临在法庭调查的情况下失去客户的风险或记录怀疑的义务。

原创性/价值

洗钱问题和 FATF 的建议得到了相当多的研究。然而，拟议的研究旨在准确研究所有犯罪方法的效率、它们与基于风险的方法的关系以及对受监管部门专业人员的影响。拟议的研究将进一步确定受监管部门在与客户或客户打交道时面临的经济和法律挑战。与现有的学术研究不同，本论文将关注反洗钱制度对法律实践的意义以及律师的责任如何受到影响。