Firms of accountants, tax advisors & insolvency are being warned by the ICAEW to be extra vigilant if they are contacted by Ukrainian persons.
There is a high risk of asset flight from the Ukraine at the moment and the quick liquidation of assets held in the UK by Ukrainian Nationals.
Firms are being urged to take a robust approach to investigating benefical ownership and ensure that they have water tight anti money laundering systems in place. Businesses are being urged to be extra vigilant in respect of monies being transferred from the Ukraine as there is a possibility that these monies will be the proceeds of crime.
The message is clear, if you have any suspicions, report them!
It is important for anybody facing financial difficulties, whether personally, directors of limited companies or partnerships, to seek advice from a licensed insolvency practitioner as soon as possible.
To take advantage of our free consultation, please telephone Stella Flemmings on 01377 257788, 01724 230060 or 01904 520116 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices.
Redman Nichols Butler has had a York office for over five years now and specialises in advising SME businesses in York, Wetherby , Ripon and North Yorkshire. The Redman Nichols Butler York office address is Westminster Business Centre, nether Poppleton, York, YO26 6RB.