Warning issued over UK money laundering directive

The Association of Chartered Certified Accountants warned the UK Treasury on Monday 29 September that the new money laundering directive, due to come into force in January, may swamp the National Criminal Intelligence Service if the resources aren't available and mean that potential money laundering is going to go undetected.

Source: Financial Times

Money launderers could escape detection unless the Treasury made urgent changes to a planned crackdown, the accounting industry warned yesterday.


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