Anti-Money Laundering

A Practical Guide to Reducing Organizational Risk

Edition: 1 Date: 03/05/2018 Price: £36.99 ISBN Paperback: 9780749481896 ISBN Ebook: 9780749481902 Pages: 232 Format (mm): 234x154 Product Category: Professional Subject: Accounting & Finance

Author Information

Rose Chapman is the Global Head of Compliance for a leading travel commerce platform and solutions provider. With over 20 years of experience working in compliance and ethics in global organizations, she is accustomed to the demands and challenges faced by business professionals and compliance teams working in fast-moving, culturally diverse and dynamic environments. She is a lecturer and training manual writer/ reviewer for the ICA in Post Graduate Diplomas and Certificates in Compliance, a member of the Institute of Money Laundering Prevention Officers Committee, UK, and a recognised speaker and expert voice on antimoney laundering. « Addresses the needs of the non-specialist compliance professional from a range of industries, backgrounds and experience « Outlines the different elements of anti-money laundering (AML) practice to support compliance professionals at any stage of their career to put effective controls in place in their own organisations « Presents readers with the global oversight needed to align activity to a cohesive plan, sharing case studies and examples of good and bad practice from around the world « Includes the EU 4th Directive, due to come into practice in July 2017; stays up-to-date with current regulations

Description

It is estimated that between 2 and 5 per cent of global GDP (over $3 trillion) is laundered by criminals around the world every year. Once thought to be a problem which only affected banks and the financial services sector, high profile cases, such as the recent leak of the Panama Papers in 2016, have thrust the issue into the public arena, and governments around the world are being forced to put robust systems and controls in place. Anti-Money Laundering offers a cost-effective self-development tool for the busy compliance professional eager to progress their career and in need of an accessible, practical and jargon-free introduction to anti-money laundering (AML).

Anti-Money Laundering offers a practical guide to navigate the maze of requirements needed to counter money laundering in an organization. This book separates the different elements of AML practice, featuring a range of case studies and scenarios highlighting issues and best practices around the world. The text demonstrates that it is by foresight and methodology that AML can be mitigated, and provides clarity on complex points to better enable readers to gain the expertise they need to achieve success in practice.

Table of Contents

Introduction 1 Reaction: The rise of antimoney laundering and counter-terrorist financing activity 2 Implementing an anti-money laundering risk control framework 3 Using the anti-money laundering strategy wheel 4 Applying the brakes at key moments 5 Country and people risk 6 Product and delivery channel risk 7 Regulators: External reporting and Financial Intelligence Unit activity 8 Navigating cultural change 9 Conclusion