Page "Money laundering" Paragraph 106

One consequence of the Act is that solicitors, accountants, tax advisers and insolvency practitioners who suspect ( as a consequence of information received in the course of their work ) that their clients ( or others ) have engaged in tax evasion or other criminal conduct from which a benefit has been obtained, are now required to report their suspicions to the authorities ( since these entail suspicions of money laundering ).

In most circumstances it would be an offence, ' tipping-off ', for the reporter to inform the subject of his report that a report has been made.

These provisions do not however require disclosure to the authorities of information received by certain professionals in privileged circumstances or where the information is subject to legal professional privilege.

Others that are subject to these regulations include financial institutions, credit institutions, estate agents ( which includes chartered surveyors ), trust and company service providers, high value dealers ( who accept cash equivalent to € 15, 000 or more for goods sold ), and casinos.