Government rethinks fraud law.

PositionNews Round-Up - Brief Article

Pressure from the accounting profession has forced the Home Office to review the obligation on accountants in practice to report money-laundering activities under the Proceeds of Crime Act 2002 (PCA). The PCA denies accountants the same rights of client confidentiality as those enjoyed by lawyers. The second European money-laundering directive stipulates that, if a member state allows a privilege exemption from reporting money-laundering for lawyers, the same provision...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT