Preventing money laundering and terrorist financing

Jul 05, 2018
Obligations regarding anti-money laundering (AML) and countering the financing of terrorism (CFT) apply to external auditors, accountants and tax advisors when they carry out their professional activities. In other words, these rules impact on every aspect of your professional practice.

In June 2018, the EU updated its AML/CFT rules to improve its response to financial crime. This paper aims to provide a brief overview of the main AML/CFT rules at the EU level that apply to SME accountants.

You can find more about the main legislative changes between the Fourth and Fifth Anti-Money Laundering Directive in Accountancy Europe's information paper.

Source: Accountancy Europe.