Chartered accountants (CA), company secretaries (CS) and cost accountants (CWA) managing client money for a specified set of financial transactions have been made reporting entities for the Prevention of Money Laundering Act (PMLA), which imposes stringent compliance but has a poor record of conviction. This pulls down the ease of doing business and could explain why the government has not widened the net of reporting entities to include lawyers, who are covered by the FATF guidelines.