Professions such as lawyers, accountants, and trust and company service providers (TCSPs) are sometimes referred to as "gatekeepers" because they:
A.
often do not understand and are not covered by money laundering laws and regulations, unwittingly allowing criminals to enter the legitimate economy.
B.
are an entry point to the financial system and a first line of defense against the infiltration of illicit funds into the legitimate economy.
C.
are required under money laundering laws and regulations in all jurisdictions to stop any criminals from being able to integrate illicit funds into the legitimate economy.
D.
are high-risk actors who can deliberately allow criminals to enter the legitimate economy.
Lawyers, accountants, and TCSPs are considered gatekeepers because they serve as an entry point to the financial system and act as a first line of defense in preventing illicit funds from being integrated into the legitimate economy through their services and professional expertise.
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