AML News – Crime Indicators for Accountants
The CIOT recently attended a briefing provided by the Metropolitan Police which 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.