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Mastering Anti-Money Laundering and Counter-Terrorist Financing, 2nd Edition

by Tim Parkman

November 2019

Intermediate to advanced

388 pages

10h 47m

English

Pearson Education

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Background and definitionsKey processes in money laundering and terrorist financingMoney launderingCrypto-Laundering and the BlockchainTerrorist financingFurther differences between terrorist financing and classical money launderingSuspicion recognition
Key components of the international institutional and legal frameworkA developing framework to combat tax evasionProliferation FinancingA developing framework for the regulation of cryptocurrenciesThe Financial Action Task Force (FATF)FATF regional style bodies and associate membersOther relevant international bodiesKey requirements for financial institutionsKey components of a national AML/CFT framework

Structure and cultureAML/CFT best practiceBest practice in higher-risk products and servicesIT systemsThe use of artificial intelligenceTraining, communication and awarenessA ‘pro-business’ approachManagement of internal suspicion reporting
Background to the Risk-Based ApproachComponents of the Risk-Based ApproachMitigating controlsRegulatory environmentSpecial categories: Politically Exposed Persons (PEPs)Constructing a Risk-Based Approach for your organisationThe core components of CDDCDD processes and toolsExample risk assessment frameworksConstructing a CDD framework for financial institutionsConstructing a CDD framework for retail/consumer banking businessConstructing a CDD framework for private banking
Managing reputational riskWhen banks go wrong: cases of punishments and penaltiesManaging reputational risk: the experience of the MDBsThe integrity ‘red flags’ checklist and the due diligence investigation toolsPractical application
Background and general principlesMoney laundering typologiesTerrorist financing typologiesAccount analysis examples‘Accumulation of evidence’ casesThe 21st century: areas of rising concern
BackgroundModern structures of organised crime and terrorismMechanisms and tools of international cooperationInternational cooperative bodies
IntroductionSmoke and Mirrors: AlnaBank and the Messengers of GodFutura Capital Partners: Modern Money Laundering through ‘low risk’ regulated OECD Financial InstitutionsDiscussion Points: Futura Capital Partners Case

Overview

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.

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Mastering Anti-Money Laundering and Counter-Terrorist Financing

Publisher Resources

ISBN: 9781292282374

Mastering Anti-Money Laundering and Counter-Terrorist Financing, 2nd Edition

by Tim Parkman

Overview

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

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