- This topic has 3 replies, 2 voices, and was last updated 8 years ago by
.
- Posts
Nit is involved in illegal activity, from which he makes large amount of money. He also owns a legitimate taxi company and passes his illegally gained money as profits of that business. Nit employ owen who is aware of illegal source of money to act as the manager of the taxi company, and pet as his accountant to produce false business accounts for taxi business.
Sir in this scenario , please tel me the criminal offences relating to money laundering that have been committed by owen and pet.
This is a past exam question that has a comprehensive answer already written
Please look that question up and read the answer for yourself
Thanks
Sir In the above scenerio, Owen is liable for primary offence of money laundering or is he liable for failure to disclose? Or is he liable for both?
Similarly, Pet is liable for primary offence of money laundering or is he liable for failure to disclose? Or is he liable for both?
Owen, as manager and as a person that is aware of the illegal nature of the activities, is liable for aiding nd abetting the act of money laundering and of a failure to disclose
Pet is in DEEP trouble! Facing prosecution for aiding nd abetting but also faing loss of qualification and disbarment from the accountancy profession
OK?
- The topic ‘Money laundering’ is closed to new replies.