Handbook of Anti-Money Laundering (PDF)

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.