The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald
The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald. By Mark Jones, director of Carmarthen-based Clay Shaw Butler chartered accountants and business consultants. Regular readers of Money Matters will recall that last week we started to turn the spotlight on money laundering. We explained how some businesses and organisations were part of what is called ‘The regulated sector’. Money laundering legislation relates to anyone in what is termed as the ‘regulated sector’, which includes but is not limited to: accountants and auditors tax advisers financial institutions credit institutions dealers in high value goods (including auctioneers dealing in goods) whenever a transaction involves accepting a total cash payment equivalent to 15,000 Euros or more, whether in a single operation or in several operations that are linked casinos estate agents some management consultancy services company formation agents...