Accountants are bound by the Law on Prevention of Money Laundering and Financing of Terrorism

The accounting sector is one of the most important sectors in terms of money laundering prevention and protection.

Through the analysis of money laundering cases, it was determined that, in the period from 2018 to 2022, an investigation was conducted against 17 persons and indictments were filed against 7 persons, and that these persons used the accounting sector to launder criminal proceeds. The value of the discovered property that was the subject of money laundering through this sector, according to the orders passed on the implementation of the investigation, amounted to EUR 1,505,900.72.

In the same period, proceedings were initiated against 150 legal entities that were registered to provide accounting services due to economic offenses, and misdemeanor proceedings were initiated against 8 accountants-entrepreneurs for not acting according to the provisions of the aforementioned law.

Have you fulfilled your legal obligations as a party to the Law on Prevention of Money Laundering and Financing of Terrorism?

If not yet, the International Association of Forensic Accountants and Auditors - IAFAA can assist you with courses for accountants as obligees of the aforementioned Law.