Accountants in danger, say Scots

Article Abstract:

ICAS is planning to appeal to the Home Office for the protection of accountants who forward information on criminal activity under the new money laundering regulations. The Scottish institute stated that its members frequently express concerns about making disclosures to the National Criminal Intelligence Service in compliance with the Proceeds of Crime Act and it wants assurance that information disclosed would not get back to the clients concerned.

Management dynamics, Scotland, Prevention, Practice, Accountants, Institute of Chartered Accountants of Scotland

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Cycle of crime

Article Abstract:

The Financial Action Task Force, an inter-governmental policy-making body to combat money laundering and terrorist financing will be assessing Britain's performance on money laundering in 2007. Money laundering legislation requires total training to prevent such an act by organized criminal gangs in the UK and in many parts of the world.

Government domestic functions, Social policy

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What about accountants in business?

Article Abstract:

The list of the range of professional practitioners included in the new money laundering regulations is provided. The regulation applies to management consultants, casinos and betting shops and high value dealers.

Interpretation and construction, Laundering (Law)

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