MONEY LAUNDERING

Money Laundering



Money Laundering

The Money luandering regulation and compliance require accountants, lawyers, casinos and high value goods dealers (a complete list is available from the Treasury web site) to appoint a money laundering reporting officer, train staff to understand the meaning of money laundering and ensure that staff are aware of the duty to make suspicious activity reports (SARs). Security professionals might well be delegated the duties of a reporting officer and are ideally placed to assist(Harvey 2008).

Additionally, companies involved in the provision of 'services in relation to the formation, operation or management of a company or trust' will now ...