TOPIC
Three takeaways for small business from the Starling Bank money laundering fine
At a glance The FCA has recently fined businesses for failing to comply with money laundering rules. To avoid sanctions businesses must put measures in place to combat money laundering. We spoke to experts about the steps they need to take. What is the FCA doing?...
Five cybersecurity myths putting your business at risk
Businesses must plan for potential cyber security breaches. Key points Small to medium-sized accounting firms are vulnerable to cyber attacks....
Fraud costs the UK economy billions each year. How can accountants better protect their clients?
Fraud has emerged as a key challenge amid the prevalence of digital transactions and online businesses. The latest Annual Fraud Indicator (AFI)...
R&D Fraud Crackdown: Who should respond to HMRC or handle your client’s R&D queries or investigation?
With the new Labour government wanting to fill a £22 billion black hole, yet more focus has turned onto R&D tax relief and the 70,000 annual...
Tax evasion by small retail businesses increases to £4.4bn
The ‘Tackling tax evasion in high street and online retail’ report, released 9 September, revealed that evasion from small businesses – which...
How to avoid being implicated in fraud: tips for new ECCTA legislation
Although targeted at large businesses, this new anti-fraud legislation could have a significant impact for smaller suppliers. Without proper...
Extra vigilance required in dealing with foreign property interests
The move intended to tackle money laundering by foreign criminals through UK real estate by improving transparency. The Law Society says that ROE...
Less compliance but more clarity helps accountants navigate an enhanced AML regime
In a submission to the government consultation on the UK's anti-money laundering (AML) regime, the IFA called for greater clarity on supervision...
8kg of gold, a £5 million artwork and a money launderer on the run: Inside the Lenn Mayhew-Lewis case
As British authorities continue the search, the National Crime Agency (NCA) has seized millions of pounds’ worth of his property, including gold...
How to mitigate money laundering risks as a TCSP
Trusts and corporate entities can be an attractive vehicle for money launderers looking to hide assets and obscure ownership. By understanding...
AML Q&A: 5 key questions
IFA reviews have found 38% of firms are not compliant with money laundering regulations, and a recent Financial Accountant quiz found significant...
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