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Informationen zum Autor 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. Klappentext 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. Money 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 Handbook of Anti Money Laundering provides many examples of cases where prosecutions have been successful. The 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. As well as being a useful reference for individuals, the Handbook of Anti Money Laundering should 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. Zusammenfassung * A comprehensive handbook detailing the most up-to-date regulations as well as providing practical advice and guidance on how to implement them. * Contains the most up-to-date information on all the latest regulations in the industry, including details of the recently updated FATF guidance. Inhaltsverzeichnis 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 Office...
