It's now our responsibility to have anti corruption policies in place for our businesses but unlike MLR at least there doesn't seem to be an associated registration process that needs to be followed. (someone will now tell me that there is).
Check out the link. Hope that it helps.
Kind regards,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
My only purpose here is just to keep you in reading material Bill.
Anyway, I still owed you one for posting the link to the full edition of the budget report before I'd dug it out.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I attended a ML seminar with the IAB in November 2010, and this Act was also covered. The speaker did point out that this was not a particulary well thought out bill and parts of it completely unrealistic, but if if our ML proceduces were robust enough, we as "accountancy service providers" would fulfill our oblligations under this Act!
What I found interesting from the ML part of the seminar was that in 2009 the total figure recovered from cash seizures, confiscations and other asset recovery methods was just £154m - (esitmated 3.54% of the estimated cost to the economy) - which is not a lot when you consider the 2009 budget for policing in England & Wales was 18.5Billion. (Source: Sir John Sephens, July 2010)...
