>> koplik: we'll say luxembourg. >> kayser: luxembourg. >> koplik: we will set up an appropriate entity call it clientoverseas.com or whatever, into the united states. >> kroft: if that was a banker talking instead of a lawyer, he could be in serious trouble. that's because under u.s. law, bankers are required to report suspicious financial activity to lawyers are under no such legal obligation. >> gooch: banks in america are required to know their customer or required to be very cognizant of risk and to report on it if there... if there is an issue there around money laundering. and yet, absolutely bizarrely, american lawyers aren't. this is clearly an issue. and i think our investigation has shown the potential for what could happen because of that lack of regulation. >> kroft: global witness says that anomaly is just one of the flaws in the u.s. legal system that helps facilitate money laundering. >> and we're going to call it here, "anonymous, inc." >> kroft: another is the ease in which anonymous shell companies can be set up here to conceal ownership of money and assets. last year

: the money as it sits >> kayser: it's in different names. >> koplik: okay. so it will come as those different names? >> kayser: including his name, yes? >> koplik: so we have to scrub it at the beginning, if we can, or scrub it at the intermediary >> kayser: so how to do this, intermediary? >> kayser: luxembourg. >> koplik: we will set up an appropriate entity call it clientoverseas.com or whatever, and then that will send money into the united states. >> kroft: if that was a banker talking instead of a lawyer, he could be in serious trouble. that's because under u.s. law, bankers are required to report suspicious financial activity to the authorities. lawyers are under no such legal obligation. >> gooch: banks in america are required to know their customer or required to be very cognizant of risk and to report on it if there... if there is an issue there around money laundering. and yet, absolutely bizarrely, american lawyers aren't. this is clearly an issue. and i think our investigation has shown the potential for what could happen because of that lack of