Introduction to money laundering deterrence
Every criminal act anywhere that involves obtaining money illegally produces funds which need to be laundered. The IMF estimates that 2-5 of global GDP ($590bn and $1. 5 trillion) is laundered every year - $590bn is the equivalent of Spain's yearly output
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| Format: | Book |
| Language: | English |
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Chichester, West Sussex U. K. :
John Wiley & Sons ,
c2011
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Table of Contents:
- 1. What is money laundering?
- 2. International money laundering regulation - the role of the financial action task force
- 3. Europe - the third money laundering directive
- 4. The UK regulatory framework
- 5. How rules are applied in the UK - the joint money laundering steering group
- 6. The wolfsberg principles
- 7. The US regulatory framework
- 8. Financial sanctions
- 9. The role of the money laundering reporting officer
- 10. Money laundering training
- 11. Know your customer
- 12. Retail customer identification
- 13. Corporate customer identification
- 14. Politically exposed persons
- 15. Non face-to-face customers
- 16. Suspicious conduct and transactions
- 17. Unusual transactions
- 18. Investigating suspicions
- 19. Ongoing monitoring
- 20. Tipping off
- 21. Record keeping
- 22. Risk management
- 23. Money laundering deterrence software