Mastering anti-money laundering and counter-terrorist financing : a compliance guide for practitioners

Mastering anti-money laundering and counter-terrorist financing a compliance guide for practitioners

This book offers best practice advice on how to meet anti-money laundering (AML) regulations and will help you put together an effective framework to meet your legal obligations.It includes a comprehensive selection of example documents, checklists and an unrivalled collection of training materials.

Detalles Bibliográficos
Otros Autores: Parkman, Tim, author (author)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Harlow, England : Pearson [2020]
Edición:Second edition
Colección:Financial Times
Materias:
Money laundering > Law and legislation.
Terrorism > Finance > Law and legislation.
Libros electrónicos.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009686294606719
Tabla de Contenidos:
  • Front Cover
  • Half Title Page
  • Title Page
  • Copyright Page
  • Contents
  • Acknowledgements
  • Disclaimer
  • Introduction
  • About the author
  • 1 Fundamental Concepts
  • Background and definitions
  • Key processes in money laundering and terrorist financing
  • Money laundering
  • Crypto-Laundering and the Blockchain
  • Terrorist financing
  • Further differences between terrorist financing and classical money laundering
  • Suspicion recognition
  • 2 The International AML and CFT Framework
  • Key components of the international institutional and legal framework
  • A developing framework to combat tax evasion
  • Proliferation Financing
  • A developing framework for the regulation of cryptocurrencies
  • The Financial Action Task Force (FATF)
  • FATF regional style bodies and associate members
  • Other relevant international bodies
  • Key requirements for financial institutions
  • Key components of a national AML/CFT framework
  • 3 The Role, Structure and Positioning of the AML/CFT Compliance Function
  • Structure and culture
  • AML/CFT best practice
  • Best practice in higher-risk products and services
  • IT systems
  • The use of artificial intelligence
  • Training, communication and awareness
  • A 'pro-business' approach
  • Management of internal suspicion reporting
  • 4 CDD, KYC and the Risk-based Approach
  • Background to the Risk-Based Approach
  • Components of the Risk-Based Approach
  • Mitigating controls
  • Regulatory environment
  • Special categories: Politically Exposed Persons (PEPs)
  • Constructing a Risk-Based Approach for your organisation
  • The core components of CDD
  • CDD processes and tools
  • Example risk assessment frameworks
  • Constructing a CDD framework for financial institutions
  • Constructing a CDD framework for retail/consumer banking business
  • Constructing a CDD framework for private banking
  • 5 Reputational Risk.
  • Managing reputational risk
  • When banks go wrong: cases of punishments and penalties
  • Managing reputational risk: the experience of the MDBs
  • The integrity 'red flags' checklist and the due diligence investigation tools
  • Practical application
  • 6 Suspicion Recognition
  • Background and general principles
  • Money laundering typologies
  • Terrorist financing typologies
  • Account analysis examples
  • 'Accumulation of evidence' cases
  • The 21st century: areas of rising concern
  • 7 International Cooperation
  • Background
  • Modern structures of organised crime and terrorism
  • Mechanisms and tools of international cooperation
  • International cooperative bodies
  • 8 Modern Money Laundering and Terrorist Financing: Two Case Studies
  • Introduction
  • Smoke and Mirrors: AlnaBank and the Messengers of God
  • Futura Capital Partners: Modern Money Laundering through 'low risk' regulated OECD Financial Institutions
  • Discussion Points: Futura Capital Partners Case
  • Appendix
  • Index
  • Back Cover.

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