Social Responsibility of Lawyers in Reporting Suspicious Transactions Under Money Laundering Measurement

  • Pornpat Rodphotong Boontanom Faculty of Political Science, Chulalongkorn University
Keywords: lawyer, money laundering, public interest, suspicious-transaction report duty

Abstract

The existing money laundering measures in Thailand offer few resolutions to fundamental problems on money laundering crime because they are concerned mainly with government sectors and financial institutions. As a result of the rigid and systemic measures adopted by financial institutions to prevent money laundering, criminals resort to using lawyers for their financial actions. With globalization, lawyers have become a bigger part of the society; they not only work in court but also play significant roles in investment, tax management, business advisory, and different kinds of money-generating enterprises. However, one of the most important roles of lawyers is to underpin society with law and regulations; therefore, lawyers must work responsibly in the public interest and for society as a whole. When it comes to the discussion of to what extent lawyers are responsible for money laundering prevention, we should focus not only on the public interest, but also on lawyers’ professional code of conduct, ethics, morals, and human rights. This research argues that filing suspicious-transaction reports is not only a duty of lawyers as it represents social responsibility, but also that such a duty is implied in their professional related activities at a systematic and practical level, which underpins a new framework on money laundering crime prevention.

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Published
2019-04-26
How to Cite
Boontanom, P. (2019). Social Responsibility of Lawyers in Reporting Suspicious Transactions Under Money Laundering Measurement. Social Science Asia, 5(2), 56-99. Retrieved from https://socialscienceasia.nrct.go.th/index.php/SSAsia/article/view/160
Section
Research Article