It is suggested that the money laundering offences under POCA which should be of major concern to a tax adviser are those of:

entering into or being concerned in arrangements which he knows or suspects facilitates the acquisition, retention, use or control of criminal property by or on behalf of another person (see ¶196-700); and

failing to report suspicions of money laundering (see ¶196-800).

Being concerned in arrangements

If he is invited to advise/assist in a transaction and he becomes aware, or suspects, that the subject matter is, or represents, the proceeds of criminal activity then he has two options:

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.