30 October 2019
A whistle-blower will take accounting giant EY to the High Court in January over an alleged money laundering cover-up.
Former EY partner Amjad Rihan, represented by Leigh Day, claims he was forced out of EY after identifying major money laundering violations by an audit client including gold painted with silver to avoid export restrictions and transactions with high-risk countries Sudan and Iran without proper due diligence. In its written defence EY accepts that the silver-coated gold provided reasonable grounds for knowing or suspecting the client was engaged in money laundering.
