Govt starts work on extending anti-money laundering provisions to professions

Mon, 13 Jul 2015

By Paul McBeth July 13 (BusinessDesk) - The government has started work on expanding anti-money laundering obligations to professionals including lawyers and accountants as the number of suspicious transactions reported to law enforcement agencies more than triples since legislation came into effect. Ministry of Justice officials have started early work on considering a second tranche of legislative reform that would extend anti-money laundering requirements to professions and businesses dealing in high-value goods, such as lawyers, accou...

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