Money-laundering law deferred.

PositionNews Round-Up - Brief Article

The publication of the final version of the UK Money-Laundering Regulations 2003 continues to be delayed and, as FM goes to press, the implementation date is still unknown. They will require all "external" accountants, as well as other specified businesses such as estate agents, to have systems in place to report suspected money-laundering. Broadly speaking, an external accountant is one who is a professional adviser or consultant rather than an employee in relation to the recipient of the service. Interim...

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