Is an accounting office like RASEEKH required to report on money laundering?

The country's anti-money-laundering law classifies independent accountants and auditors as Designated Non-Financial Businesses and Professions (DNFBPs), alongside real estate firms, jewellers, and company formation agents. That brings real obligations: customer due diligence (KYC), identifying the beneficial owner, and reporting any suspicious transaction through the goAML system.

This isn't optional at the firm's discretion — failing to report a suspicious transaction exposes the firm itself to liability, not just the client. That's why a serious accounting office builds clear internal procedures and applies them consistently, not just at annual licence renewal time.