FINANCIAL ADVISORS STRUGGLE TO IMPLEMENT EU MONEY LAUNDERING LEGISLATION
May 1st, 2007
BY ALAN OSBORNAs with many financial service providers in the EU, the definition of financial adviser differs, often significantly, from one country to another. In its very basic sense - i.e. the provision of financial advice pure and simple, without the add-on of other services that could involve the handling of client money - the profession of fee-paid advisor is a limited one and probably confined to only a few thousand people in Luxembourg, Germany, the Netherlands and the UK. But even in these countries the normal practice is for financial advisers to act ...
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