AML News – Crime Indicators for Accountants and Court Orders

The CIOT have attended briefings provided by the Metropolitan Police during 2021.

Crime indicators for accountants

This session looked at 5 crime indicators for accountants based on recent court cases and investigations.

This provided practical real life examples of red flags which accountants and tax advisers may come across when looking at accounting records and the reasons why they might be suspicious. 

The information provided is summarised here. Please remember that knowledge or suspicion of money laundering should always be reported to the firm’s MLRO for them to consider whether a report should be made to the National Crime Agency.

Court Orders

The police will on occasion obtain court orders in order to further financial crime investigations and further guidance is summarised here.