American Bar Protests Legislation That Targets Lawyers' Work With Foreign Wealth
The bipartisan Enablers Act was introduced in the Senate on Monday. The ABA says the legislation's measures "will undermine the principle of lawyer-client confidentiality."
October 06, 2022 at 01:27 PM
5 minute read
RegulationThe original version of this story was published on The American Lawyer
The American Bar Association has emerged as the most significant opponent of bipartisan legislation aiming to increase due diligence and transparency requirements for those advisers involved in cross-border wealth management, according to leaders of several advocacy groups pushing for the passage of the legislation known as the Enablers Act.
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