Book-Keepers can launder money.

We are now some 22 months into the UK's implementation of the 3rd EU AML Directive, and I'm still encountering people who argue that book-keepers don't need to be registered for anti-money laundering purposes.


Wrong. You and your firm do either with a professional body like the International Association of Book-keepers (http://www.iab.org.uk/ ) or HMRC.


Why, because book-keepers have access to company financial records, which they can manipulate and steal from which is why they were deliberately included in the Anti-Money Laundering regulations in the first place.


Now the example above is of a US book-keeper will serve up to 16 years in prison – with four years fixed – and he will have to pay his former employer, $500,000 in restitution.


IMHO, The addition of money laundering to theft charges will become the norm in the UK as well.

Any questions?