Anti-money laundering_ international law and practice_ amazon. co. uk_ wouter h. muller, christian h. kalin, john g. goldsworth_ 9780470033197_ books

“It is our professional duty to protect our clients and ourselves from possible involvement in Money Laundering. Money laundering meaning in hindi This standard work offers an indispensable overview of applicable rules in the relevant jurisdictions. Money laundering statute It belongs on the desk of all Legal and Compliance people in our business.” – Bas Schreuders, CEO Fortis Intertrust

“Brining Together the expertise of authors from key jurisdictions, this guide is an eminently readable account covering the full problematics of the use of the financial system for the perpetuation of criminal activity; an essential and practical tool in the battle aginst a threat to social integrity.” – Dimitris Paraskevas, Managing Partner, Elias Paraskevas Attorneys 1933

“This is an estimable contribution to the world of anti–money laundering. Why is money laundering illegal Practitioners will thrive on the comparative treatment of this social, political and economic evil but there is also much for officials and members of the public in the book, It points us in the right direction with a clear and perceptive approach to what may other wise appear to be an obscure or arcane area.” – Professor Kader Asmal, M.P., President, Financial Action Task Force, 2005–2006 From the Back Cover

Anti–money laundering has become increasingly important and complex for anyone involved in international financial services – from bankers, fiduciaries and trustees to lawyers, accountants, fund managers and many others.


What is anti money laundering compliance The USA Patriot Act and the FATF’s standards regarding anti–money–laundering (AML) and to combat the financing of terrorism (CFT) are just two significant measures which, together with other relevant legislation in individual countries, have created a complex, globally interconnected system of laws and regulations that international financial professionals must understand.

The complexity of AML/CFT regulations in different countries is so immense that there is an obvious need for a practical, concise handbook that gives clear information in this field for all those involved in relevant international business.

• how institutions like the UN Security Council, the EU or the Wolfsberg Forum develop ways to fight money laundering and terrorist financing, and

• how the Recommendations of the FATF and the Directives of the European Commission concerning AML/CFT are implemented in the legislation of their member countries

• includes detailed information from a wealth of specialists outlining the implementation of anti–money laundering measures in a total of 41 countries and territories.

Accordingly, the handbook is a must for anyone whose activities are affected by AML/CFT regulations as well as the principal point of reference in this field from an international perspective.

At first sight, this book looks very daunting – very thick, small-type, few diagrams/ charts etc to break up the text. Us money laundering laws This should not discourage potential readers though as this is not a book that is designed to be read from cover to cover. Money laundering convictions Instead it is a reference book to have on your desk for specific sections to be dipped into when required and as such, it serves its purpose very well.

The book is split into three main sections: the first provides a brief but thorough overview of money laundering and terrorist financing, and the initiatives that have been taken to combat them. Primary money laundering offences The second gives a summary of some of the key international players in the fight against money laundering and terrorist financing including the United Nations Security Council, the Financial Action Task Force, the European Union Commission, the Egmont Group, the Wolfsberg Group and FATF.

The third and by far the longest section gives an overview of the anti money laundering and counter terrorist financing measures adopted in over 40 jurisdictions worldwide including the US, the UK, Ireland, the Isle of Man, Jersey, Guernsey, Russia, Canada, Argentina, BVI, Cayman Islands, UAE, Singapore, Japan, Hong Kong, Australia, New Zealand and South Africa. Money laundering ways These country-specific chapters do not all follow exactly the same format but broadly speaking, the information covered includes an overview of the key issues in that jurisdiction, legislation, regulatory requirements and contact details for the local anti money laundering agencies. Money laundering crime As laws and rules change so frequently though, it would be best to check that the information provided remains up to date rather than relying on it blindly. Terrorism and money laundering Read more › Comment