Author: Publisher:
ISBN:
Category : Money laundering
Languages : en
Pages : 16
Book Description
Trends in Money Laundering
Author: Current Trends in Money Laundering
Author: United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on InvestigationsPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 32
Book Description
Money Laundering Trends and Typologies Report
Author: Contemporary Trends in Trade-Based Money Laundering
Author: Dr Nana Kojo OdiPublisher: AuthorHouse
ISBN:
Category : Business & Economics
Languages : en
Pages : 109
Book Description
Contemporary Trends in Global Trade-Based Money Laundering is a consolidated enlightenment of the advanced world of illicit financial activities, with a particular focus on the insidious phenomenon of trade-based money laundering (TBML). This book delves into complex mechanisms employed by perpetrators to exploit legitimate international trade transactions for the purpose of disguising the illicit origins of funds.
Trends in Money Laundering
Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer CreditPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 272
Book Description
Anti-Money Laundering in a Nutshell
Author: Kevin SullivanPublisher: Apress
ISBN: 1430261617
Category : Business & Economics
Languages : en
Pages : 190
Book Description
Anti–Money Laundering in a Nutshellis a concise, accessible, and practical guide to compliance with anti–money laundering law for financial professionals, corporate investigators, business managers, and all personnel of financial institutions who are required, under penalty of hefty fines, to get anti–money laundering training. Money laundering is endemic. As much as 5 percent of global GDP ($3.6 trillion) is laundered by criminals each year. It’s no wonder that every financial institution in the United States—including banks, credit card companies, insurers, securities brokerages, private funds, and money service businesses—must comply with complex examination, training, and reporting requirements mandated by a welter of federal anti–money laundering (AML) laws. Ignorance of crime is no excuse before the law. Financial institutions and businesses that unknowingly serve as conduits for money laundering are no less liable to prosecution and fines than those that condone or abet it. In Anti–Money Laundering in a Nutshell: Awareness and Compliance for Financial Personnel and Business Managers, Kevin Sullivan draws on a distinguished career as an AML agent and consultant to teach personnel in financial institutions what money laundering is, who does it, how they do it, how to prevent it, how to detect it, and how to report it in compliance with federal law. He traces the dynamic interplay among employees, regulatory examiners, compliance officers, fraud and forensic accountants and technologists, criminal investigators, and prosecutors in following up on reports, catching launderers, and protecting the integrity and reputations of financial institutions and businesses. In particular, corporate investigators will gain rich insights winnowed from the author's experiences as a New York State and federal investigator.
Emerging Trends in ICT Security
Author: Girish Keshav PalshikarPublisher: Elsevier Inc. Chapters
ISBN: 0128070935
Category : Computers
Languages : en
Pages : 650
Book Description
Money laundering (ML) is a serious problem for the economies and financial institutions around the world. Financial institutions get used by organized criminals and terrorists as vehicles of large-scale money laundering, which presents the institutions with challenges of regulatory compliance, maintaining financial security, preserving goodwill and reputation, and avoiding operational risks like liquidity crunch and lawsuits. Hence prevention, detection, and control of ML is crucial for the financial security and risk management of financial institutions. Realizing the gravity of ML, various nations have started anti-ML (AML) activities, along with cooperative international efforts, including Financial Action Task Force, Egmont Group and Wolfsberg Group. This chapter begins with an overview of ML, discusses commonly used methods of ML, and the anti-ML efforts worldwide. After surveying some analytics techniques used to estimate the extent of ML, some data-mining techniques reported in the literature for detection of ML episodes (instances) are surveyed.
Responding to Money Laundering
Author: Ernesto Ugo SavonaPublisher: Routledge
ISBN:
Category : Business & Economics
Languages : en
Pages : 348
Book Description
"Papers presented at the conference on 'Money Trails: International Money Laundering Trends and Prevention/Control Policies' held in Courmayeur, Italy in June 1994"--P. ix.
Preventing Money Laundering and Terrorist Financing, Second Edition
Author: Pierre-Laurent ChatainPublisher: World Bank Publications
ISBN: 1464818525
Category : Business & Economics
Languages : en
Pages : 225
Book Description
Money laundering and terrorist financing undermine the integrity and stability of financial systems and can have a significantly adverse impact on a jurisdiction's economy. Challenges to effective supervision and prevention of money laundering and financing of terrorism were exacerbated in the aftermath of the 2008 financial crisis, with financial institutions' need for funds at times undermining vigilance as to the provenance of those funds. As such, supervisors often, and prudently, focused on coping with the crisis. Since 2009, when the first edition of this handbook was published, challenges to the integrity and stability of financial systems have continued to evolve. Money-laundering and terrorist-financing risks continue to threaten the reputations of financial institutions and entire financial sectors, exposing institutions to the possibility of severe enforcement action by public authorities or the loss of correspondent relationship facilities by their private sector counterparts. This second edition reflects the evolving challenges to the integrity and stability of financial systems, recent trends in enforcement actions by country authorities, and changes to international standards, notably an emphasis on a risk-based approach. This practical handbook supports the implementation of international standards established by the Financial Action Task Force and other bodies, * Providing examples of money-laundering and terrorist-financing supervisory frameworks in a range of countries; * Describing best practices for the supervision and enforcement of money-laundering and terrorist-financing laws and regulations; * Offering practical advice on how a particular jurisdiction might incorporate enforcement of the laws and regulations on money laundering and terrorist financing into its supervisory framework. Designed specifically for bank supervisors, this guide will also be of interest to readers working in the areas of finance, corruption prevention, law, accounting, and corporate governance.
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