Evaluate current legislation dealing with Money Laundering and what actions you must take as soon as you become suspicious of money laundering activity.

Description

You are doing internship at a professional accountant firm when you come to know one of the clients is falsifying purchase invoices and has received money from the sale of a large number of stolen goods.

You are required to write a report as follows:

Introduction and Background –The introduction should include a background to Tax Avoidance, Tax Evasion and Money Laundering.

Using journal articles and case studies, evaluate the notion that tax planning is drawing a fine line between tax avoidance and tax evasion.

Evaluate current legislation dealing with Money Laundering and what actions you must take as soon as you become suspicious of money laundering activity.

Conclusion and Recommendations