CCAB, the forum for accountancy bodies in the UK and Ireland, has today published a new report, which captures the opinions of senior business leaders in the UK and Ireland on the effectiveness of the European Union, highlighting five key areas for potential reform.

Experts from across Europe gathered in Brussels to discuss the role of accountants and finance professionals in implementing anti-money laundering requirements and fighting terrorist financing. Organised by CCAB, the debate focused on the importance of greater professional scepticism and transparency.

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.

Easily accessible advice and information on choosing the right accountant/tax adviser is now available on the CCAB website.

A new directive agreed in the European Parliament recognises the need to strengthen regulation in the face of changing technology.