money laundering | AccountingWEB

money laundering

The US arm of Deloitte has been implicated in a scandal involving Standard Chartered Bank (SCB), which is facing allegations that it schemed with Iran to launder billions of dollars.


Failures at HSBC led to the bank being used as a conduit for "drug kingpins and rogue nations", according to a

A £1,000-a-night escort has been jailed for 16 months for tax evasion after she cheated HMRC out of tens of thousands of pounds.


I have a potential new client who came to the UK in 2007 and started as a self employed dance teacher in March 2008.


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


I recently acquired a new client (small limited company). They contacted me for help producing the first year accounts after having a fall out with their previous accountant (fees dispute).


Can anyone give us some pointers on how to carry out satisfactory 'know your client' checks in the following situation?


We have a customer who is asking if we will accept payment from another company; the invoices remain addressed to the original company.


Once upon a time, in an office far far away....


Can it be true that the ridiculous faff of proving the identity of clients you've known (for decades in some instances) is to be made easier?