EU MONEY LAUNDERING DIRECTIVES FORCES PATCHY PROGRESS IN AML CONTROLS FOR EU ACCOUNTANTS AND TAX ADVISORS
September 1st, 2007
BY ALAN OSBORN
THE MONEY Laundering Bulletin has found effects of the European Union's (EU) second money laundering directive's (2MLD) extension of EU anti-money laundering regulations to a range of businesses and professions are complicated by differences in the definition of the professions between the 27 member states. And the accountancy profession has proved to be no exception. A report by the British Institute of International and Comparative Law published last December by the City of London concluded that a combination of imprecise terminology in the ...
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