Guidance for auditors on money laundering
14/02/07
The UK Auditing Practices Board (APB) has published an update to Practice Note 12 (revised) on the responsibilities of the auditor with regard to money laundering. The update deals with the implications of the coming into effect of section 102 of the Serious and Organised Crime and Police Act 2005, which introduced new defences to any allegation of failing to report a suspicious transaction to the authorities.
The UK Auditing Practices Board (APB) has published an update to Practice Note 12 (revised) on the responsibilities of the auditor with regard to money laundering. The update deals with the implications of the coming into effect of section 102 of the Serious and Organised Crime and Police Act 2005, which introduced new defences to any allegation of failing to report a suspicious transaction to the authorities.