The ECHR held unanimously on 6 December 2012, that the obligation on lawyers to report suspicions in the context of the fight against money laundering does not interfere disproportionately with professional privilege. The case was brought by a French member of the Paris Bar who argued that the obligation to report suspicions was incompatible with the principles of protection of lawyer-client relations and respect for professional confidentiality.

In this brave new world of OFR, we are faced with, amongst other things, as Donald Rumsfeld said, “known unknowns. That is to say, there are things that we know we don't know.” At the top of the list for many firms is what is meant by Outcome (1.1) “you must treat your clients fairly”. We know that we have to treat clients fairly, but judging from the SRA’s recent research on attitudes to compliance[1] , many firms are not confident that they are compliant with this critical outcome.