Gatekeepers’ plea to be ethical, not merely rule-compliant

Companies should not only comply with the letter of the European Union’s (EU) Fourth Money Laundering Directive (4MLD), but introduce an ‘ethical approach’, the UK Consultative Committee of Accountancy Bodies’ (CCAB) conference in Brussels heard on 18 November 2015. David Stevens, CCAB member for the Institute of Chartered Accountants of England & Wales (ICAEW), told the ‘Fighting Money Laundering and Terrorist Financing: The Role of Accountants and Finance Professionals’ conference: “The value overall of an ethical approach is a method of thinking that goes beyond basic compliance.”