By Sam Reisman (February 16, 2022, 9:20 PM EST) — The Worldwide Hashish Bar Affiliation has warned the American Bar Affiliation towards adopting a proposed change to the group’s moral tips concerning legal professionals’ duties to fight cash laundering, saying it might ensnare attorneys who advise marijuana ventures.
The proposed modifications would broadly lengthen legal professionals’ due diligence obligations to be extra proactive in verifying the legality of shoppers’ actions and will require them to withdraw illustration in the event that they change into conscious of illegal cash laundering.
But when adopted, the language might have a broad affect on hashish attorneys, based on a Tuesday remark letter drafted by Christopher Davis, INCBA’s government director; INCBA Chairperson Jessica…
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