In this month’s roundup of developments in accounting and financial reporting, revised anti-money laundering rules for accountants extend focus on PEPs, charity SORP amendments, FD whistleblower flagged Carillion accounting mess
Revised Anti-money laundering rules for accountants extend focus on PEPs
The Treasury has approved the long-awaited anti-money laundering guidance for accountants and tax advisers and an extensive document has been released including details on how to determine whether a politically exposed person (PEP) is a high or low risk.
The guidance has been updated for the 2017 anti-money laundering regulations and has been adopted by the UK accountancy anti-money laundering supervisory bodies.
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