ICAEW ARF · Chapter 11 · Question 5 of 10
An accountant reports a suspicion of money laundering by a client to the firm's money laundering reporting officer. Afterwards the accountant tells the client that a report has been made. Which offence may the accountant have committed?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Tipping off
Explanation
Tipping off is the offence of disclosing that a report has been made, or that an investigation is under way, where this is likely to prejudice an investigation. The accountant did make the required report, so there has been no failure to report. Placement is a stage of money laundering rather than an offence by the accountant.
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