Ethics and governance in the European Financial centers

Lou Kiesch, from Deloitte, and Marco Zwick, from Schroder Investment Management, have recently published an article that presents the main innovations of the ALFI/ABBL/ALCO Practices and Recommendations aimed at reducing the risk of money laundering and terrorist financing.

One may find it strange that an investment fund, which is the auditee should publish with an audit firm.

But in this case, the auditor is PwC. Deloitte acts as an advisor.

This independance rule is therefore not impaired, which was not the case a couple of months ago when Deloitte published with the ABBL.

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