Together with ICAEW, The International Federation of Accountants (IFAC) today released the fifth installment in its Anti-Money Laundering: The Basics educational series: Installment 5: Tax Advice.
Segment Examines the Implications of Money Laundering on Tax Advice
The
publication is part of a 6-month short series helping accountants
enhance their understanding of how money laundering works, the risks
they face, and what they can do to mitigate these risks and make a
positive contribution to the public interest. Installment five examines
tax advice and the multiple ways in which tax services may be vulnerable
to money laundering.
The installment series, with its focus on
accessibility and ease of use, will be a resource for Small and Medium
Practices (SMPs,) and accountants less familiar with AML, while also
providing guidance for those looking for a quick refresher or reference.
Anti-Money Laundering: The Basics is featured on both the IFAC (landing page) and ICAEW websites and available for download for free. To be globally relevant, the series uses
the risk-based approach of the Financial Action Task Force (FATF) --
the global money laundering and terrorist financing watchdog -- as a
starting point.
For more information about IFAC, visit www.ifac.org.
For more information about ICAEW, visit https://www.icaew.com/.
ICAEW
© ICAEW - Institute of Chartered Accountants in England and Wales
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