More emphasis is needed on gut feeling, rather than a tick-box approach, to decide whether a company is trustworthy or not, anti-money laundering professionals warn.
Accountants must remain vigilant and act swiftly to report suspicious financial activity and prevent human trafficking. There are red flags to look out for, warns one financial intelligence unit.
Updates for ICAEW firms working in the regulated and supervised area(s) of probate and estate administration, audit, including local public audit, insolvency, DPB, consumer credit, quality assurance monitoring and anti-money laundering (AML).