WHAT DO AUDITORS NEED TO KNOW TO COMBAT MONEY LAUNDERING?
Generally, businesses are most useful to money launderers as conduits for tainted funds. Since money launderers usually don’t expropriate assets, they seldom leave evidence of their activity on financial statements, making it difficult to detect their illegitimate activities during conventional audits. The methods used by money launderers in legitimising illegal funding keep evolving and the […]