Handbook of Anti-Money Laundering

Handbook of Anti-Money Laundering

Every criminal act that involves obtaining money illegally produces funds which need to be laundered.  The IMF estimates that 2- 5% of global GDP is laundered every year.  Globally, regulations have come in which affect certain businesses, especially banks and other financial institutions. These businesses have been required to put in place specific arrangements to prevent and detect money laundering and the criminal activity that underlies it.

 The Handbook of Anti-Money Laundering by Dennis Cox, a strategy and risk consultant for the financial services industry, contains the most up-to-date information on all the latest regulations in the industry, including details of the recently updated FATF (Financial Action Task Force) guidance. Written from an international perspective the book examines money laundering and money laundering deterrence, international standards and rules, certain country-specific rules and regulations.  The book, which provides practical advice and guidance, will be an invaluable source of information for anti-money laundering officers, board directors, internal and external auditors and bank employees, all of whom are required to undertake AML training.