As daunting a prospect as it might be, the first tier tax tribunal (FTT) is something accountants and tax advisers are likely to face at some point during their career.
The Revenue will start a programme of telephoning businesses registered with and supervised by HMRC under the Money Laundering Regulations (MLR) 2007.
The European Commission has made a proposal for a fourth money lau
The Post Office is to investigate further whether accounting software used by its branches it to blame for unexplained losses.
David Winch highlights the key issues for accountants in the updated money laundering regulations issued by the Treasury last month.
Accountants need to keep up to date with changing regulations on money laundering and know what to do when they spot potentially criminal activity at a client, according to David Winch of MLRO Supp
Plans to simplify money laundering regulations could rebound on accountants who could face increased and possibly unlimited penalties from their professional bodies, warned David Winch of MLRO Supp