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‘May, 2000’

Anti-money laundering measures targets lawyers and accountants

Anti-money laundering measures targets lawyers and accountants

Earth Times News Service, May 7, 2000

Two far-reaching and potentially controversial anti-money laundering measures would require professionals such as lawyers and accountants to file the same sort of suspicious transaction reports that banks do and would extend “know your customer” rules to include the owners of companies. The Council of Europe has already proposed the first. US authorities have not acted on either.