A white paper, titled: One Step Ahead: A 21st Century Strategy to Defeat Organised Criminals , will see the Serious and Organised Crime Agency (SOCA) set up, bringing together the responsibilities of the National Criminal Intelligence Service, the National Crime Squad, and sections of the Immigration Service and Customs and Excise.
It is expected to suggest that accountants and other advisers such as bankers and lawyers – normally bound by confidentiality rules – will be forced disclose information about clients that may be involved in organised crime, or face jail themselves.
This will place even more pressure on the profession already reeling from requirements in the Proceeds of Crime Act which force accountants to report any suspicious activities to NCIS or face the threat of prosecution.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars