Potential SOCA issue
A client has had a cash shortfall of 20 to 30k in the last 2 years (mainly cash retail business). It was explained away last year by 'family gave me cash to help through these difficult times'.
The same has occured this year.
I have got the client to sign a statment to that effect.
Does anyone feel a SOCA report is required?
Any comments very much appreciated.
Thank you very much.