Money Laundering | AccountingWEB

Money Laundering

Hi All,

Have an unusual situation that I don't quite know which way to go with.

I am engaged for accountanct services for Company A.  Run by Mr A although his brother is the director and owner.

Mr A used to be involved in another Company in the same industry - Company B - but I never acted for them.

When doing the Accounts for year 2 of trade to 31 May 11 I noticed there were no longer any wages in the accounts.  There was a small amount last year but I know the business has grown and they have at least 3 members of staff.

Upon asking the question of where have the wages gone I am told that they have been out through Company B.  Company B however was dissolved in August 2010.  My suspicion is there is potentially un-declared income and an SAR is required.

Under tipping off I believe I can still make enquireies such as asking the director if he knew the company was dissolved I just can't tell him about reporting him if I do.

Arrgghh Clients!

There are 16 comments. Login or register to view them.

Not really enough knowledge about the set-up



davidwinch |
davidwinch's picture

Are the wages not an accrued

bernard michael |

The two companies are not

morgani |

i think it is more likely

young ronaldo |

Am I missing something?

ShirleyM |
ShirleyM's picture

Irrespective whether they

bernard michael |

I'm sorry, Bernard ...


Exactly. The client is sure

morgani |

I would ensure when then you

darrenwilliams |

Whether Co B can invoice or

bernard michael |

Why not ...


Double his fees

Tom 7000 |
Tom 7000's picture


Steve-EBL |
Steve-EBL's picture

Money Laundering

coverack |

Tipping off

davidwinch |
davidwinch's picture