Keith Nuthall
A BID to weaken the affect on accountants of the proposed new EU money laundering directive has failed in the European Parliament.

MEP's rejected proposals from the parliament's justice and home affairs committee to scrap moves to extend the duty of auditors, tax advisors and external accountants acting for a third party, to comply with its rules on identification of clients, record keeping and the notification of suspicious transactions.

They also throw out amendments that would have removed these duties from in-house and hired ...

Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.