July 12, 2010

ABA President-Elect appoints Kevin Shepherd to lead ABA Gatekeeper Task Force

1 min

ABA President-Elect Stephen N. Zack has appointed Kevin L. Shepherd to chair the ABA Task Force on Gatekeeper Regulation and the Profession. Created in 2003, this task force examines U.S. government and multilateral efforts to combat international money laundering and terrorist financing and the implications of these efforts for lawyers and the profession. The legal profession, as well as certain financial sector professions, have been characterized as the "gatekeepers" to the international financial and business markets.

The mission of the Task Force is to respond to initiatives by federal regulators and other organizations that will affect the attorney-client relationship in the context of anti-money laundering and counter terrorist financing enforcement. The Task Force reviews and evaluates ABA policies and rules regarding the ability of attorneys to disclose client activity and information. The Task Force is developing educational programs for legal professionals and law students, and organizing resource materials to allow lawyers to comply with their anti-money laundering and counter terrorist financing responsibilities. The goal is to preserve the integrity of the attorney-client relationship.