PROCJENA RIZIKA OD PRANJA NOVCA U OKVIRU RAČUNOVODSTVENE PROFESIJE
MONEY LAUNDERING RISK ASSESSMENT REGARDING THE ACCOUNTING PROFESSION

Author(s): Tajana Petrović, Sonja Cindori
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Risk Assessment; Suspicious transactions; Due diligence; Forensic; Fraud
Summary/Abstract: The assessment of money laundering and terrorist financing risks is conducted at the supranational and national level, including risk factors and risk variables. Based on the mentioned, the accounting profession is required to provide risk assessments at the level of obliged entities, which results in suspicious transactions reports. The number of suspicious transactions reported in the Republic of Croatia, as well in the world, is notably small, which speaks in favor of insufficient awareness of the threats posed by such conduct. The susceptibility of the accounting profession to illegal actions through the possibility of adjusting financial statements within the framework of creative accounting is evident, while due to non-compliance with legal regulations, unprofessionalism, and unethical needs, there is a need for forensic accounting. The peculiarities of the accounting profession support its ambiguous role in the detection of money laundering and other illegal activities, however, such measures are always implemented a posteriori.

• Details
• Contents