CCAB welcomes European Parliament Money Laundering Directive and urges UK Government to lead the way on joined up initiatives

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

Cross border crime is on the rise and this new directive recognises the increasing possibilities of money laundering made possible through new technology. CCAB, the collective forum of accountancy bodies, made up of ICAEW, ACCA, ICAS, CIPFA and Chartered Accountants Ireland, recognises the need to tackle money laundering in a coherent and joined up manner. We welcome this new directive, especially as technology is changing the type of crime we face and it is right that the law address this.