On 26 January, the Institute for Chartered Accountants in England & Wales announced that the latest instalment examines asset transfers, and how criminals use it as a primary way to launder money. The ICAEW and the International Federation of Accountants (IFAC) have been releasing their Anti-Money Laundering: The Basics educational series. This is a 6-month short series helping accountants enhance their understanding of how money laundering works, the risks they face, and what they can do to mitigate these risks and make a positive contribution to the public interest. Instalment 4 examines asset transfers, one of the primary ways in which criminals layer or integrate the proceeds of crime into the legitimate economy.
The series can be accessed at –
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