(b) Comment on the need for ethical guidance for accountants on money laundering. (4 marks

(b) Comment on the need for ethical guidance for accountants on money laundering. (4 marks)

(b) Need for ethical guidance■ Accountants (firms and individuals) working in a country that criminalises money laundering are required to comply withanti-money laundering legislation and failure to do so can lead to severe penalties. Guidance is needed b