PracticeAccounting FirmsBlunkett’s plans threaten client confidentiality

Blunkett's plans threaten client confidentiality

Plans by home secretary David Blunkett to make the UK 'one of the most difficult environments in the world' for organised crime, could see accountants forced to disclose confidential client information.

Link: NCIS flooded by accountant reports

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.

Related Articles

BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

4d Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

6d Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

1w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor
RSM announces two partner promotions

Accounting Firms RSM announces two partner promotions

3w Emma Smith, Managing Editor
Backsourcing: The latest accountancy trend?

Accounting Firms Backsourcing: The latest accountancy trend?

1m Pillsbury Winthrop Shaw Pittman