Read Reading Handbook of Anti–Money Laundering – Schematicwiringdiagram.co

a must have for banking employees involved in compliance other ML activitiesFinancial Expert, May Effectively implement comprehensive anti money laundering regulationsHandbook of Anti Money Laundering details the most up to date regulations and provides practical guidance toward implementation While most books focus on the regulations themselves, this useful guide goes further by explaining their meaning to bank operations, and how the rules apply to real life scenarios The international perspective provides a broader understanding of the anti money laundering controls that are in place worldwide, with certain country specific details discussed in depth Coverage includes the Wolfsberg Principles, Financial Action Task Force guidance, the US Patriot Act, and the latest from both the EU and Bank for International Settlements The IMF estimates that two to five per cent of the global GDPbillion totrillion is laundered every year Globally, banks and other financial institutions have been required to put in place specific arrangements to prevent and detect money laundering and the criminal activity that underlies it This book provides the latest regulations and guidance toward application Understand what money laundering regulations mean in practice Reference international and country specific rules and regulations Get up to speed on the most current regulations and practices Implement the most effective anti money laundering measures In response to the increased monitoring and regulation, money launderers have becomesophisticated at disguising the source of their funds Financial institutions employees must be everaware of what they re facing, and how to deal with it, making actionable guidance a critical companion to any regulatory information For financial institutions seekingthorough understanding and practical advice, the Handbook of Anti Money Laundering is a comprehensive guide