Money laundering: do you fully understand the risks?
Posted in Accountants, Auditing, Bookkeeper, Bookkeeping, Business Expenses, Business Money, Business Owners, Cash Flow, Furlough Scheme, HMRC, Langricks, Michael Bell and Co, Money Laundering
Essential due diligence Accountants play an essential role in preventing money laundering by understanding risks, meeting regulatory obligations and encouraging compliance and good practices to mitigate these risks. Reviewing firm-wide risk assessments of money laundering threats on a regular basis is imperative for accountancy firms to make sure they have identified all the areas relevant…