ARE LAWYERS COVERED BY ANTI-MONEY LAUNDERING LEGISLATION?
Lawyers do not directly have specific obligations to report any client transaction they suspect to be involved in money laundering activities to the UAF. Lawyers are, however, covered by general obligations under Chilean law to report certain transactions. Lawyers, like other Chilean citizens, are also subjected to Chile’s criminal law provisions, including those enacted by the AML Act pursuant to their professional activities if they are involved in money laundering or facilitate the laundering of money by their clients. Under the provisions of Articles 27 and 28 of the AML Act, a lawyer is liable to financial penalties and/or imprisonment if they hide the origin of any kind of goods, knowing or being able to acknowledge that they were obtained as a result of the commission of terrorist activities, drug trafficking or other felonies indicated in the law. The articles also detail criminal consequences for any individual found guilty of taking part in any association created with the pu
