Prevention of Money Laundering - Professionals' Responsibility
The law for Prevention of Money Laundering imposes severe responsibilities on all financial intermediaries - chartered accountants, lawyers, banks, share & security brokers,etc.
This law has been passed in several countries and will soon be passed in India.
If a professional is found to have helped a money launderer or a mafia, he can get into very serious trouble.
How to safeguard yourself?
Mr Martin Flint, an ex-secret service agent from UK has given an excellent paper on this subject. With his permission we are presenting his paper for our readers.