AML for the Accounting Sector – It’s here!
This means if you are managing client funds or give instructions on transactions in relation to a legal entity (such as a company) you are an AML reporting entity. You must complete Customer Due Diligence (CDD) on all new customers before you can provide in scope services. Other activities are in scope too. Please review page 8 of DIA’s Accounting Sector Guideance and DIA’s Bookkeepers explanatory note for more details.
As well as any new customers, DIA also recommends Read More