IS THE LAW SOCIETY/BAR ASSOCIATION INVOLVED IN SUPERVISING OR ENFORCING COMPLIANCE WITH ANTI-MONEY LAUNDERING REGULATIONS?
The Code of Professional Responsibility of the Uruguayan Bar Association (CAU) states that “the lawyer should refrain from performing any act likely to attempt the dignity of the profession”. It also points out that “the lawyer should refrain from advising in any transaction if he considers that there are signs that it could entail the commission or concealment of an illegal act”. The Bar can sanction a lawyer whose behavior does not adjust to the principles and rules laid down in the Code. It is important to point out that it is not mandatory for lawyers to be part of the Uruguayan Bar Association in order to practice law. In Uruguay the legal profession is not self-regulated as it is, for instance, in the United States.
