Avoid suspicious transactions

Money laundering often requires help from professionals such as accountants and financial services executives. Ian Kehoe looks at how to avoid the pitfalls.

Accounting

Due to the explicit financial nature of their profession, accountants often find themselves at the coalface of any statutory crackdown on money laundering.

Two years ago, new money laundering regulations were introduced requiring accountants, in addition to a number of other professional bodies, to report all suspicious transactions relating ...