The dilemma confronting arbitrators when they suspect money laundering, fraud or bribery is dissected in ICC's Book of the Month for October.

Arbitration - Money Laundering, Corruption and Fraud -- gives a full account of the 2002 Annual General Meeting of the ICC Institute of World Business Law in Paris, which focused on this single thought-provoking topic.

The text of presentations and a selection of questions and comments are included, providing the readers with answers to such key questions as:

  • Are arbitrators bound to report cases of money laundering or fraud to competent national authorities if they suspect that something is wrong?
  • Should counsel report someone coming to them for advice?
  • The implications of money laundering, corruption and fraud for the arbitral process.

Serge Lazareff, Chairman of the ICC Institute, writes in a foreword: "We found that the papers and discussions centered around the duty of the arbitrator when money laundering is suspected, the duty of the parties, but also duty to society in general.

"Laws today tend to implicate lawyers in the reporting not only of offences which clearly have been committed, but also suspected offences. This raises the fundamental question of the freedom of the lawyer and of the arbitrator."

Arbitration - Money Laundering, Corruption and Fraud may be ordered from ICC Publishing, in Paris, online from the ICC Business Bookstore, or from ICC national committees around the world.

Arbitration - Money Laundering, Corruption and Fraud may be ordered from ICC Publishing, in Paris, online from the ICC Business Bookstore , or from ICC national committees around the world.

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