FATF PUBLISHED NEW GUIDANCE ON THE RISK-BASED APPROACH FOR LEGAL PROFESSIONALS, THE ACCOUNTING PROFESSION AND TCSP

On 26 June, FATF published 3 sets of guidance following the recent Plenary.  One each for legal professionals, the accounting profession and trust and corporate service professionals –  for a sound assessment of the money laundering and terrorist financing risks, and applying the necessary checks and controls.

http://www.fatf-gafi.org/media/fatf/documents/reports/Risk-Based-Approach-Legal-Professionals.pdf

http://www.fatf-gafi.org/media/fatf/documents/reports/RBA-Accounting-Profession.pdf

http://www.fatf-gafi.org/media/fatf/documents/reports/RBA-Trust-Company-Service-Providers.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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