What accountants must do to avoid money laundering risks

With the Treasury warning about accountants’ vulnerability to money laundering, Aziz Rahman, senior partner at serious fraud specialists Rahman Ravelli examines what accountants can do to protect themselves

Accountants must be aware that the Treasury is concerned that accountancy services appeal to money launderers as they can help them gain legitimacy, create corporate structures or transfer value. In its second national risk assessment of money laundering and terrorist financing in the UK, it says there is the possibility that negligent or unwitting accountants are risking involvement in money laundering.

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe