Accountant’s “professional scepticism” is the first line of defence in tackling money laundering and terrorist financing, says guidance issued today by the Anti-Money Laundering Taskforce of CCAB, the collective forum of accountancy bodies ICAEW, ACCA, ICAS, CIPFA and Chartered Accountants Ireland.
The advice lists a number of red flags which accountants and finance professional need to be aware of, from wire transfers following cash deposits to negative media coverage about the client or company.