Keeping a clean sheet
13 September 2012
Money laundering regulations mean purchasers must run stringent checks on their suppliers’ identities and beware of agreeing to cash payments, as Susan Singleton explains
According to the title of a bestselling book, money laundering is the world’s third-largest form of economic activity. More recently, the Financial Times claimed that London is one of the world’s biggest destinations for those seeking to launder their funds. An estimate in the UK is that £2.5 billion of funds are laundered every year. The Financial Services Authority...