Anti-Money Laundering: International Law and Practice

Anti-money laundering has become increasingly important and complex for anyone involved in international financial services – from bankers, fiduciaries and trustees to lawyers, accountants, fund managers and many others. The USA Patriot Act and the FATF’s standards regarding anti-money-laundering (AML) and to combat the financing of terrorism (CFT) are just two significant measures which, together with other relevant legislation in individual countries, have created a complex, globally interconnected system of laws and regulations that international financial professionals must understand.

The complexity of AML/CFT regulations in different countries is so immense that there is an obvious need for a practical, concise handbook that gives clear information in this field for all those involved in relevant international business.

Anti-Money Laundering: International Law and Practice gives a concise overview of:

• how institutions like the UN Security Council, the EU or the Wolfsberg Forum develop ways to fight money laundering and terrorist financing, and
• how the Recommendations of the FATF and the Directives of the European Commission concerning AML/CFT are implemented in the legislation of their member countries
• includes detailed information from a wealth of specialists outlining the implementation of anti-money laundering  measures in a total of 41 countries and territories.

Accordingly, the handbook is a must for anyone whose activities are affected by AML/CFT regulations as well as the principal point of reference in this field from an international perspective.