User Rating: 5 / 5
The British NGO UK Lawyers for Israel is reporting that PwC (Price Waterhouse Coopers) is under investigation by British authorities for its audits of the Union of Agricultural Work Committees (UAWC) and Defence for Children International (DCI-P), which had links to the Populat Front for the Liberation of Palestine (PFLP a designated terrorist organization, and that those links were ignored by PwC.
Apparently, PwC breached the OECD Guidelines for Multinational Enterprises on Responsible Business practices, by delibeately ignoring the link between the charities and the PFLP. According to the allegations, PwC was required to mitigate the impact of these terrorist links in its audits. The charities allegedly employed members of the PFLP, supported the members, funded the PFLP; some of the members of the UAWC were arrested on terrorism charges in Israel.
Price Waterhouse Coopers is not the only accounting firm that supports and in many ways encourages money laundering, tax evasion and the secretion of Financial Crime.
Contributed by Kenneth Rijock - Financial Crime Consultant
Chronicles of Monte Friesner - Financial Crime Analyst 
