Crime Indicators for Accountants - AML

Feb 09, 2021

Professional Standards recently attended a presentation by the Metropolitan Police on key crime indicators within the accountancy sector. The information was based on real-life investigations and focussed on red flags that accountants may come across when reviewing accounting records which may in certain circumstances raise suspicion, including:

  • Lack of sales records
  • Income received at odd times of day
  • Lack of assets
  • Lack of staff costs
  • Loans

For more information click here. If you have knowledge or suspicion of money laundering this should be reported to the firm’s MLRO who will consider whether a Suspicious Activity Report needs to be made to the National Crime Agency.