From www.icaew.com: Accountants face significant risks when associating with kleptocratic states or individuals, as discussed in the book “Indulging Kleptocracy.”

Enhanced due diligence is essential but challenging, requiring constant vigilance and deep vetting, particularly for politically exposed persons (PEPs) linked to high-risk countries.

Accountants must remain alert to potential escalations in client relationships that could lead to ethical and legal complications, emphasizing the importance of ongoing scrutiny and inquiry into their clients’ backgrounds and transactions.