Since the introduction of the UK's new anti-money laundering regulations at the beginning of the month, accountants have been reporting possible violations of the law committed by their clients at the rate of 100 per day, according to reports in the national media.
The Daily Telegraph recently revealed that the National Criminal Intelligence Service (NCIS) and the Inland Revenue have been swamped by the sudden influx of reports.
In order to address the increased workload, according to the UK newspaper, additional IR staff have been drafted in to work alongside the NCIS staff who work through the information received from accountants, and pass on to the tax authority any suspected tax evasion cases deemed to merit more scrutiny.
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