MONEY LAUNDERING

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 ...


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