money laundering | AccountingWEB

money laundering

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

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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).

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

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

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

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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?

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We have an opportunity to prepare trust returns for a client specialising in writing wills, trusts etc.

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Chancellor George Osborne pledged in his Budget speech this week to reform the UK’s money laundering regime, but stopped short of providing any detail.

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The Chancellor said in his Budget speech "we will reform our burdensome money laundering regime".

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I've been reading through the CCAB guidance and the SOCA website and have come up with a few practical issues on which I could do with some clarification if anyone can help 

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