Gatekeepers: Accountants, Auditors, Lawyers, Notaries, Company Formation Agents

They can all facilitate the entry of illicit money into the financial system via the following methods:

  • Creating corporate vehicles and complex legal entities such as trusts. These obscure the links between the proceeds of crime and the perpetrator

  • Buying and selling property can be used in the layering stage, or in the integration stage where the asset is purchased and retained

  • Performing financial transactions on behalf of a client (making deposits, issuing cheques, making and receiving wires, buying and selling stock)

  • Providing financial and tax advice. Criminals may pose as wealthy individuals who need help sheltering wealth from tax.

The issue of lawyers or attorneys providing advice to their client is controversial, as they have a confidential relationship with their clients.




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