Preparing for the General Data Protection Regulation (GDPR)

A lot of generic information has been written about the GDPR and the fact that it comes into effect across the EU on Friday 25 May 2018. According to the Economist newspaper website ‘GDPR is not a matter of fix it and forget it. The new regulations mandate organisation-wide personal data awareness from data protection… Read More


Accounting Changes Bring Tricky Consequences

The new Companies (Accounting) Act, 2017 came into effect from 9 June 2017. It has brought with it, some strange consequences for micro-companies, in particular. The Act brings into law a new accounting standard for measurement and presentation called FRS 105. This essentially new accounting framework, among other things, will mean that certain qualifying ‘micro’ companies will not… Read More


The Solicitors Accounts Regulations Seminar

In our last blog about preparing the reporting accountants report under the ROI Law Society Solicitors Accounts Regulations, 2014, we mentioned that the work involved is a quite onerous and responsible task, and carries with it the requirement for compulsory professional indemnity insurance at a minimum of €500,000. Many accountants ask themselves the question –… Read More


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Anti-Money Laundering legislation needs to be taken seriously by accountants

Not paying attention to the UK’s AML legislation has cost a UK accountant at least £8,000. In a decision published in December 2016 an ICAEW member, in practice for 26 years, who was earlier fined £5,000 by Leeds Crown Court, was severely reprimanded by his Institute and ordered to pay costs of over £3,278 and… Read More





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The ‘Right to Be Forgotten’ and how it affects AML client screening

  A landmark EU data protection judgment in 2014 on the ‘right to be forgotten’, has affected the ability to use Google and other well-known search engines to carry out anti-money laundering (AML) due diligence. On its own, Google is not a sufficient anti-money laundering (AML) risk screening tool, as some search results could be… Read More