(c) The OECD’s Financial Action Task Force on Money Laundering (FATF) recommends

(c) The OECD’s Financial Action Task Force on Money Laundering (FATF) recommends preventative measures to be

taken by independent legal professionals and accountants (including sole practitioners, partners and employed

professionals within professional firms).

Required:

Describe FOUR measures that assist in preventing professional accountants from being used for money

laundering purposes. (8 marks)

(c) MeasuresThe following measures are designed to assist in preventing professional accountants from being used for money launderingpurposes:■ developing programmes against money laundering and terrorist financing;■ compliance officer;■ employee training