Growing international pressure in the form of agreements, directives and recommendations has prompted new legislation for the prevention of money laundering in Belgium. This paper…
Abstract
Growing international pressure in the form of agreements, directives and recommendations has prompted new legislation for the prevention of money laundering in Belgium. This paper considers the various international initiatives and looks at how Belgium has responded. In particular, it discusses the act of 17th July, 1990, and the role of the banking sector.
In recent times, there has been some disquiet within certain sectors of the Singapore business community over the role of auditors in detecting corporate fraud. The cause of this…
Abstract
In recent times, there has been some disquiet within certain sectors of the Singapore business community over the role of auditors in detecting corporate fraud. The cause of this concern can perhaps be attributed partly to the Barings collapse in February 1995 and the subsequent suggestions that the auditors of the Barings subsidiary in Singapore, Barings Futures Singapore Pte Ltd (BFS), may have been negligent in their audit work. More recently, in mid‐1996, a substantial locally listed company, Amcol Holdings Ltd (Amcol), was placed under judicial management amid rumours alleging possible misdeeds by senior executives and directors. The Amcol saga has, once again, focused some attention on the role of auditors and their duty to detect fraud in company accounts.