Beschreibung
Effectively implement comprehensive anti-money laundering regulations Handbook of Anti-Money Laundering details the most up-to-date regulations and provides practical guidance toward implementation. While most books focus on the regulations themselves, this useful guide goes further by explaining their meaning to bank operations, and how the rules apply to real-life scenarios. The international perspective provides a broader understanding of the anti-money laundering controls that are in place worldwide, with certain country-specific details discussed in-depth. Coverage includes the Wolfsberg Principles, Financial Action Task Force guidance, the U.S. Patriot Act, and the latest from both the EU and Bank for International Settlements. The IMF estimates that two to five per cent of the global GDP - $590 billion to $1.5 trillion - is laundered every year. Globally, banks and other financial institutions have been required to put in place specific arrangements to prevent and detect money laundering and the criminal activity that underlies it. This book provides the latest regulations and guidance toward application. * Understand what money laundering regulations mean in practice * Reference international and country-specific rules and regulations * Get up to speed on the most current regulations and practices * Implement the most effective anti-money laundering measures In response to the increased monitoring and regulation, money launderers have become more sophisticated at disguising the source of their funds. Financial institutions' employees must be ever more aware of what they're facing, and how to deal with it, making actionable guidance a critical companion to any regulatory information. For financial institutions seeking more thorough understanding and practical advice, the Handbook of Anti-Money Laundering is a comprehensive guide.
Autorenporträt
InhaltsangabeIntroduction 1 1 What is Money Laundering? 5 2 The Process of Money Laundering 15 3 International Money-laundering Regulation - The Role of the Financial Action Task Force 21 4 The EC Money Laundering Directives 59 5 UN Resolutions 79 6 The UK Regulatory Framework 83 7 How Moneylaunderingdeterrence Regulations are Applied in the UK The Joint Money Laundering Steering Group 93 8 The Wolfsberg Principles 111 9 The US Regulatory Framework 127 10 Financial Sanctions 139 11 Risk Management and Money-laundering Deterrence 149 12 The Role of the Money Laundering Reporting Officer 159 13 Know Your Customer 169 14 Money Laundering Training 181 15 Retail Customer Identification 189 16 Corporate Customer Identification 199 17 Politically Exposed Persons 207 18 Nonfacetoface Customers 217 19 Suspicious Conduct and Transactions 225 20 Unusual Transactions 235 21 Investigating Suspicions 241 22 Ongoing Monitoring 253 23 Tipping Off 261 24 Correspondent Banking 265 25 Recordkeeping 271 26 Moneylaunderingdeterrence Software 277 27 Country Profiles 285 27.1 Country Profile: Albania 286 27.2 Country Profile: Argentina 298 27.3 Country Profile: Australia 308 27.4 Country Profile: Bahamas 322 27.5 Country Profile: Barbados 335 27.6 Country Profile: Brazil 348 27.7 Country Profile: British Virgin Islands 355 27.8 Country Profile: Canada 367 27.9 Country Profile: Cayman Islands 384 27.10 Country Profile: China 396 27.11 Country Profile: Denmark 405 27.12 Country Profile: Finland 416 27.13 Country Profile: France 428 27.14 Country Profile: Germany 436 27.15 Country Profile: Guernsey 443 27.16 Country Profile: Hong Kong 458 27.17 Country Profile: India 473 27.18 Country Profile: Isle of Man 484 27.19 Country Profile: Japan 496 27.20 Country Profile: Jersey 503 27.21 Country Profile: Kenya 516 27.22 Country Profile: Liechtenstein 529 27.23 Country Profile: Malaysia 539 27.24 Country Profile: Mexico 552 27.25 Country Profile: Monaco 563 27.26 Country Profile: Morocco 575 27.27 Country Profile: Nigeria 584 27.28 Country Profile: Poland 593 27.29 Country Profile: Russia 604 27.30 Country Profile: Singapore 615 27.31 Country Profile: South Africa 625 27.32 Country Profile: South Korea ("Republic of Korea") 638 27.33 Country Profile: Switzerland 651 27.34 Country Profile: UAE 663 27.35 Country Profile: Ukraine 677 27.36 Country Profile: United States of America 687 27.37 Country Profile: Vietnam 700 Appendix: Transparency International 2013 Corruption Perceptions Index 713 Index 719
