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Professional clearance letter

Professional clearance letter

I have recently had to file a money laundering report regarding a client. The client has now decided to leave and I have received a professional clearance letter.

This is the first time I have ever been in tis situation and am unsure how to reply.

Do I have to mention that I have had to file the report?

If not I would feel guilty on not warning the new accountant on the problems he may be facing.



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06th Nov 2013 09:27

No that would be tipping off.

First request client's agreement in writing to communicate with your successor.

Then tell successor everything you feel he or she should know - but sticking to facts not mere suspicions.  This can cover the area you reported about but you must not say that you have filed a report.

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