EUROPEAN UNION ACCOUNTANTS FACE NEW DETAILED DEMANDS ON HOW THEY FIGHT MONEY LAUNDERING
December 2nd, 2021
Accountants in the European Union (EU) are facing the launch of a more intrusive and proactive legal system fighting money laundering (ML) and terrorist finance (TF), designed to stem the flow of dirty money across borders.
These are huge. Impossible to count accurately, but the UN Office on Drugs and Crime (UNODC) has estimated that USD2 trillion is laundered annually worldwide from all types of crime, from tax evasion to sanctions busting and drug trafficking to white collar fraud.
With global anti-money laundering (AML) authority the Financial Action ...
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