London Daily

Focus on the big picture.
Saturday, Sep 19, 2026

Lawyers, accountants and others play key role in financial crime

Lawyers, accountants and others play key role in financial crime

A powerful international organization whose members represent the world’s largest economies has issued a strong warning about the “threats and risks” posed by lawyers, accountants and other facilitators who help their clients commit and conceal financial crimes.

These “professional enablers,” often associated with the secretive offshore finance industry, “undermine not only the rule of law, but their own profession,” says the Paris-based Organisation for Economic Cooperation and Development in a new report. While it stops short of concrete prescriptions, the report includes broad recommendations aimed at “targeting professional enablers and disrupting their activities.”

The “Ending the Shell Game” report, which cites reporting by the International Consortium of Investigative Journalists in its opening paragraph, marks the OECD’s first detailed foray into the realm of criminal professional enablers, a wide term that encompasses a potpourri of whizzes with special skills, including tax advisers, wealth managers, lawyers, accountants, company formation agents and trust companies. Many of the OECD’s 37 member countries, including the United States, the Netherlands and Switzerland are home to hoards of professional enablers and have poor track records in holding the various sectors accountable.

Recommendations for countries include more education about the role of enablers in financial crime and tougher laws to hold them criminally liable. Where lawyers can too easily hide behind client-attorney privilege and refuse to share possible evidence of crime with law enforcement, for example, the OECD suggests that countries consider new legislation.

All countries, the OECD suggests, should create national strategies “to tackle professional enablers who actively participate in tax crimes and other financial crimes.”

The report takes pains to distinguish those complicit in moving and hiding illicit money from professionals who follow the law.

“The majority of professionals are law-abiding and play an important role in assisting businesses and individuals to understand and comply with the law and helping the financial system run smoothly,” the report says. “Such law-abiding professionals are to be differentiated from a small set of professionals who use their skills and knowledge of the law to actively promote, market and facilitate the commission of crimes by their clients.

Professional enablers in the shadows


Poor and wealthy countries alike are under growing pressure to recoup billions of dollars in revenue lost to tax evasion and crack down on financial crime. Tax advisers, lawyers and accountants are valuable partners for rogue actors who need sophisticated structures and clever advice to outsmart law enforcement.

Dr. Katie Benson, a lecturer at Lancaster University Law School who has written extensively on the topic, said that interest in enablers has spiked over recent years. “Increasingly, there is more of a focus on sanctioning people for doing this,” Benson said. “There is a concern that it doesn’t happen enough.”

The OECD’s report highlights examples from around the world of professionals hiding clients’ money, often through shell companies whose owners are hard to trace. In one U.S. case cited in the report, tax advisors prepared fake business losses on tax returns to reduce taxes paid. In another from Sweden and the United Kingdom, the OECD described an incident where an unnamed offshore specialist encouraged customers to communicate through encrypted emails and changed banks to avoid detection by police.

Newsletter

Related Articles

0:00
0:00
Close
Addison Lee Founder Loses £20.5 Million Non-Domicile Tax Case
BrewDog Creditors Face Heavy Losses After Collapse
Thirteenth Metropolitan Police Officer Dismissed Over Charing Cross Conduct
Oxfordshire Village Votes Symbolically to Leave UK Over Asylum Accommodation Plan
NHS Approves Life-Extending Treatment for Women With Incurable Breast Cancer
Software Defect Blamed for Major UK Air Traffic Disruption
Twenty Women Underwent Unnecessary Mastectomies at County Durham NHS Trust
British Steel Costs Taxpayers £1.3 Million a Day as MPs Demand Long-Term Plan
UK Parliament Advances Sovereign Grant Reform Setting Royal Funding at £99.9 Million
King Charles Urges Human-Centred Approach to Artificial Intelligence at Scotland Summit
House of Lords Begins Scrutiny of Voting-Age and Political Finance Reforms
UK Labour Market Shows Growing Divide Between Younger and Older Workers
Nearly Seven in 10 UK Small Businesses Delay or Cancel Growth Plans as Costs Rise
Andy Burnham Reaffirms UK Net-Zero Target Amid North Sea Energy Debate
UK Parliament Demands Credible Financial and Decarbonisation Plan for British Steel
MPs Urge Government to Reject Thames Water Rescue Deal and Prepare Special Administration
Bank of England Holds Rate at 3.75% as Energy Shock Raises Inflation Risks
TUC Calls for Social Energy Tariff Funded by Higher Taxes on Bank Profits
UK Parliament Enters Conference Recess After Advancing Sovereign Grant Legislation
King Charles Hosts Artificial Intelligence Leaders at Dumfries House Summit
Nearly Seven in Ten UK Small Businesses Delay or Cancel Growth Plans as Costs Rise
Anthropic Details Malicious Use of Claude in Cyber, Weapons and Influence Operations
McLaren Announces £500 Million UK Investment and 1,000 New Jobs
Scotland and Wales Sign Cardiff Agreement to Deepen Cooperation on Shared Policy Priorities
UK Government Moves to Fully Fund Teacher Pay Award as Strike Threat Recedes
UK Competition Regulator Deepens Scrutiny of Microsoft’s Business Software and AI Market Position
NHS England Reforms Focus on Cutting Waiting Lists and Improving Digital Care
England Maintains Mandatory Housing Targets in Push for 1.5 Million New Homes
UK Government Plans Statutory Industrial Strategy Council to Strengthen Long-Term Economic Policy
Asthma Charity Warns of Major Gaps in Childhood Diagnostic Testing Across England
TUC Chief Paul Nowak Appointed to Bank of England Court
Bristol Opens £35 Million Deep-Tech Innovation Hub at Temple Quarter
Oxfordshire Village Votes Symbolically to Leave UK Over Asylum Housing Plan
Andy Burnham Deepens UK Defense and AI Cooperation With NATO and Canada
UK Government Announces Neonatal Safety Reforms After Thirlwall Inquiry
Bank of England Weighs Rate Decision as UK Inflation Rises to 3.1%
UK Health Unions Warn of Staffing Pressures as Public and Private Pay Growth Diverges
Rockstar Games Faces Tribunal Claims From 23 Former Grand Theft Auto VI Developers
UK Treasury Faces Tighter Budget Constraints as Borrowing Costs and Pension Spending Rise
Prime Minister Andy Burnham Sets Out Ten-Year Plan for Greater Public Oversight of Utilities
UK Economy Grows 0.4% in July as Services and Technology Activity Strengthen
Scotland, Wales and Northern Ireland Leaders Coordinate Push for UK Constitutional Change
Police Tighten Public-Order Measures After Anti-Immigration Protests in Dover and Portsmouth
UK Ministers Pressed for Answers After US Diplomat Accused of Child Abuse Images Leaves Britain
Jaguar Land Rover Pursues NATO Defense Contracts for Defender Vehicles
British Service Member Dies in Road Accident While Deployed in Ukraine
George Osborne Calls for Britain to Rejoin EU Customs Union
Anthropic Chief Dario Amodei Urges Faster UK Action on Advanced AI Risks
UK State Pension Set for 3.9% Rise Under Triple Lock
UK Labour Market Cools as Payrolled Employment Continues to Decline
×