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Handbook of Anti-Money Laundering

توضیحات

A PRACTICAL, INTERNATIONAL PERSPECTIVE ON PREVENTING FINANCIAL CRIME

According 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 Handbook of Anti Money Laundering provides all of the basic information necessary to understand the key issues and the regulatory framework, and gives practical advice on compliance.

The 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.

The Handbook of Anti Money Laundering also 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.


DENNIS COX is 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 An Introduction to Money Laundering Deterrence and Frontiers of Risk Management.

Introduction 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 Money-laundering-deterrence 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 Non-face-to-face 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 Record-keeping 271

26 Money-laundering-deterrence Software 277

27 Country Profiles 285

271 Country Profile: Albania 286

272 Country Profile: Argentina 298

273 Country Profile: Australia 308

274 Country Profile: Bahamas 322

275 Country Profile: Barbados 335

276 Country Profile: Brazil 348

277 Country Profile: British Virgin Islands 355

278 Country Profile: Canada 367

279 Country Profile: Cayman Islands 384

2710 Country Profile: China 396

2711 Country Profile: Denmark 405

2712 Country Profile: Finland 416

2713 Country Profile: France 428

2714 Country Profile: Germany 436

2715 Country Profile: Guernsey 443

2716 Country Profile: Hong Kong 458

2717 Country Profile: India 473

2718 Country Profile: Isle of Man 484

2719 Country Profile: Japan 496

2720 Country Profile: Jersey 503

2721 Country Profile: Kenya 516

2722 Country Profile: Liechtenstein 529

2723 Country Profile: Malaysia 539

2724 Country Profile: Mexico 552

2725 Country Profile: Monaco 563

2726 Country Profile: Morocco 575

2727 Country Profile: Nigeria 584

2728 Country Profile: Poland 593

2729 Country Profile: Russia 604

2730 Country Profile: Singapore 615

2731 Country Profile: South Africa 625

2732 Country Profile: South Korea (“Republic of Korea”) 638

2733 Country Profile: Switzerland 651

2734 Country Profile: UAE 663

2735 Country Profile: Ukraine 677

2736 Country Profile: United States of America 687

2737 Country Profile: Vietnam 700

Appendix: Transparency International 2013 Corruption Perceptions Index 713

Index 719