{"product_id":"handbook-of-anti-money-laundering-isbn-9780470065747","title":"Handbook of Anti-Money Laundering","description":"\u003cb\u003eEffectively implement comprehensive anti-money laundering regulations\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eHandbook of Anti-Money Laundering\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003eThe 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstand what money laundering regulations mean in practice\u003c\/li\u003e \u003cli\u003eReference international and country-specific rules and regulations\u003c\/li\u003e \u003cli\u003eGet up to speed on the most current regulations and practices\u003c\/li\u003e \u003cli\u003eImplement the most effective anti-money laundering measures\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIn 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 \u003ci\u003eHandbook of Anti-Money Laundering\u003c\/i\u003e is a comprehensive guide.\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e1 What is Money Laundering? 5\u003c\/p\u003e \u003cp\u003e2 The Process of Money Laundering 15\u003c\/p\u003e \u003cp\u003e3 International Money-laundering Regulation – The Role of the Financial Action Task Force 21\u003c\/p\u003e \u003cp\u003e4 The EC Money Laundering Directives 59\u003c\/p\u003e \u003cp\u003e5 UN Resolutions 79\u003c\/p\u003e \u003cp\u003e6 The UK Regulatory Framework 83\u003c\/p\u003e \u003cp\u003e7 How Money-laundering-deterrence Regulations are Applied in the UK – The Joint Money Laundering Steering Group 93\u003c\/p\u003e \u003cp\u003e8 The Wolfsberg Principles 111\u003c\/p\u003e \u003cp\u003e9 The US Regulatory Framework 127\u003c\/p\u003e \u003cp\u003e10 Financial Sanctions 139\u003c\/p\u003e \u003cp\u003e11 Risk Management and Money-laundering Deterrence 149\u003c\/p\u003e \u003cp\u003e12 The Role of the Money Laundering Reporting Officer 159\u003c\/p\u003e \u003cp\u003e13 Know Your Customer 169\u003c\/p\u003e \u003cp\u003e14 Money Laundering Training 181\u003c\/p\u003e \u003cp\u003e15 Retail Customer Identification 189\u003c\/p\u003e \u003cp\u003e16 Corporate Customer Identification 199\u003c\/p\u003e \u003cp\u003e17 Politically Exposed Persons 207\u003c\/p\u003e \u003cp\u003e18 Non-face-to-face Customers 217\u003c\/p\u003e \u003cp\u003e19 Suspicious Conduct and Transactions 225\u003c\/p\u003e \u003cp\u003e20 Unusual Transactions 235\u003c\/p\u003e \u003cp\u003e21 Investigating Suspicions 241\u003c\/p\u003e \u003cp\u003e22 Ongoing Monitoring 253\u003c\/p\u003e \u003cp\u003e23 Tipping Off 261\u003c\/p\u003e \u003cp\u003e24 Correspondent Banking 265\u003c\/p\u003e \u003cp\u003e25 Record-keeping 271\u003c\/p\u003e \u003cp\u003e26 Money-laundering-deterrence Software 277\u003c\/p\u003e \u003cp\u003e27 Country Profiles 285\u003c\/p\u003e \u003cp\u003e27.1 Country Profile: Albania 286\u003c\/p\u003e \u003cp\u003e27.2 Country Profile: Argentina 298\u003c\/p\u003e \u003cp\u003e27.3 Country Profile: Australia 308\u003c\/p\u003e \u003cp\u003e27.4 Country Profile: Bahamas 322\u003c\/p\u003e \u003cp\u003e27.5 Country Profile: Barbados 335\u003c\/p\u003e \u003cp\u003e27.6 Country Profile: Brazil 348\u003c\/p\u003e \u003cp\u003e27.7 Country Profile: British Virgin Islands 355\u003c\/p\u003e \u003cp\u003e27.8 Country Profile: Canada 367\u003c\/p\u003e \u003cp\u003e27.9 Country Profile: Cayman Islands 384\u003c\/p\u003e \u003cp\u003e27.10 Country Profile: China 396\u003c\/p\u003e \u003cp\u003e27.11 Country Profile: Denmark 405\u003c\/p\u003e \u003cp\u003e27.12 Country Profile: Finland 416\u003c\/p\u003e \u003cp\u003e27.13 Country Profile: France 428\u003c\/p\u003e \u003cp\u003e27.14 Country Profile: Germany 436\u003c\/p\u003e \u003cp\u003e27.15 Country Profile: Guernsey 443\u003c\/p\u003e \u003cp\u003e27.16 Country Profile: Hong Kong 458\u003c\/p\u003e \u003cp\u003e27.17 Country Profile: India 473\u003c\/p\u003e \u003cp\u003e27.18 Country Profile: Isle of Man 484\u003c\/p\u003e \u003cp\u003e27.19 Country Profile: Japan 496\u003c\/p\u003e \u003cp\u003e27.20 Country Profile: Jersey 503\u003c\/p\u003e \u003cp\u003e27.21 Country Profile: Kenya 516\u003c\/p\u003e \u003cp\u003e27.22 Country Profile: Liechtenstein 529\u003c\/p\u003e \u003cp\u003e27.23 Country Profile: Malaysia 539\u003c\/p\u003e \u003cp\u003e27.24 Country Profile: Mexico 552\u003c\/p\u003e \u003cp\u003e27.25 Country Profile: Monaco 563\u003c\/p\u003e \u003cp\u003e27.26 Country Profile: Morocco 575\u003c\/p\u003e \u003cp\u003e27.27 Country Profile: Nigeria 584\u003c\/p\u003e \u003cp\u003e27.28 Country Profile: Poland 593\u003c\/p\u003e \u003cp\u003e27.29 Country Profile: Russia 604\u003c\/p\u003e \u003cp\u003e27.30 Country Profile: Singapore 615\u003c\/p\u003e \u003cp\u003e27.31 Country Profile: South Africa 625\u003c\/p\u003e \u003cp\u003e27.32 Country Profile: South Korea (“Republic of Korea”) 638\u003c\/p\u003e \u003cp\u003e27.33 Country Profile: Switzerland 651\u003c\/p\u003e \u003cp\u003e27.34 Country Profile: UAE 663\u003c\/p\u003e \u003cp\u003e27.35 Country Profile: Ukraine 677\u003c\/p\u003e \u003cp\u003e27.36 Country Profile: United States of America 687\u003c\/p\u003e \u003cp\u003e27.37 Country Profile: Vietnam 700\u003c\/p\u003e \u003cp\u003eAppendix: Transparency International 2013 Corruption Perceptions Index 713\u003c\/p\u003e \u003cp\u003eIndex 719\u003c\/p\u003e \u003ci\u003e“… a must-have for banking employees involved in compliance \/ other ML activities\"\u003c\/i\u003e (Financial Expert, May 2015) \u003cp\u003e\u003cb\u003eDENNIS COX \u003c\/b\u003eis CEO of Risk Reward Limited, a strategy and risk consultancy for the financial services industry, and he serves as a director for a number of other companies. He is a leading specialist in financial services risk management and has held senior management positions at top banking and accountancy firms, including HSBC and Prudential. Dennis has authored several publications, including \u003ci\u003eAn Introduction to Money Laundering Deterrence and Frontiers of Risk Management.\u003c\/i\u003e\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eA PRACTICAL, INTERNATIONAL PERSPECTIVE ON PREVENTING FINANCIAL CRIME\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccording to the International Monetary Fund, between 2% and 5% of global GDP is laundered each year. Money laundering is a serious threat: it underpins criminality and terrorism, and can even jeopardise economic stability. Detecting and halting this type of activity, and preventing it from occurring in future, are top priorities. The \u003ci\u003eHandbook of Anti Money Laundering\u003c\/i\u003e provides all of the basic information necessary to understand the key issues and the regulatory framework, and gives practical advice on compliance. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe market for money laundering and terrorist financing is, by its nature, global and, while different rules and regulations are implemented into local legislation, it is the global standards which underpin all of these local requirements. Therefore, such global standards as exist at the time of writing are included within the book, along with individual country profiles of all of the major global financial centres. \u003c\/p\u003e\u003cp\u003eThe \u003ci\u003eHandbook of Anti Money Laundering \u003c\/i\u003ealso includes numerous examples of money laundering cases, and provides detailed references to all the relevant rules and regulations, enabling the reader to seek out further information if required. Coupled with its international perspective, this makes the Handbook of Anti Money Laundering an indispensable resource for anyone with AML responsibilities. \u003c\/p\u003e\u003cp\u003eMoney laundering is one of the few global growth industries that seem to be prospering at present. Consequently, regulatory structures have been developing and the quality of investigation improving, leading in turn to an increase in prosecutions. The \u003ci\u003eHandbook of Anti Money Laundering \u003c\/i\u003eprovides many examples of cases where prosecutions have been successful. \u003c\/p\u003e\u003cp\u003eThe reader will understand the key issues, associated risks and regulatory requirements surrounding money laundering and terrorist financing. The book also offers practical advice on compliance, identifying a number of approaches that financial institutions can adopt to deter money laundering and to identify terrorist financing. \u003c\/p\u003e\u003cp\u003eAs well as being a useful reference for individuals, the \u003ci\u003eHandbook of Anti Money Laundering \u003c\/i\u003eshould be used in financial institutions to raise people’s knowledge of key requirements and expectations, ensuring firms comply with local and global rules and regulations.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989325463781,"sku":"NP9780470065747","price":160.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470065747.jpg?v=1761783674","url":"https:\/\/k12savings.com\/products\/handbook-of-anti-money-laundering-isbn-9780470065747","provider":"K12savings","version":"1.0","type":"link"}