Handbook of Anti-Money Laundering.

INTRODUCTION

This book sets out to be a handbook for financial crime experts within companies. It seeks to provide them with sufficient information to enable them to understand the key issues that relate to two of the largest problems faced by financial institutions today: money laundering and terrorist financing.

This is an intermediate text, providing detailed information to enable the key issues to be understood and the regulatory framework appreciated. Since the market for money laundering and terrorist financing is, by its nature, global, so is this text. Consequently, whilst 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 this text are included within the book.

We have also provided summary guidance on the financial crime and terrorist finance rules and regulations operating in all of the major global financial centres. In the case of Europe, due to the similarity of the regulations based upon the relevant directives, which are discussed in this work, we have not provided an analysis for every country. As always, this material can only be up to date as at the date that the book has gone to print. If you require detailed rules and regulations regarding a specific market, then you should refer to the actual rule book or local legal advice to provide final guidance. This book will, however, provide you with the ...