Anti-money laundering: A priority for FPA.

Australasian Business Intelligence, September, 2005

Sep 13, 2005 (Independent Financial Adviser - ABIX via COMTEX) -- The Financial Planning Association (FPA) of Australia supports the development of anti- money laundering (AML) laws. Some FPA

members view such laws as irrelevant to their business, and do not think their clients would engage in money laundering. However, there is always the potential that planners will encounter clients that wish to do so. The introduction of the Financial Action Task Force's AML recommendations means that planners will be required to verify the identity of all clients, and to monitor client conduct regarding their financial transactions.

Publication Date: 12 September 2005

 
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