Anti-Money Laundering: A Practical Guide to Reducing Organizational Risk

Criminals launder between 2 and 5% of global GDP, and governments are implementing robust systems and controls to combat this issue. Anti-Money Laundering offers a cost-effective self-development tool for compliance professionals, providing a practical guide to navigate the maze of AML requirements and featuring case studies and scenarios from around the world.

Format: Paperback / softback
Length: 232 pages
Publication date: 03 May 2018
Publisher: Kogan Page Ltd

Criminal activities around the world are estimated to launder between 2 and 5 percent of the global GDP, which amounts to over $3 trillion annually. While this issue was once primarily associated with banks and the financial services sector, high-profile cases like the 2016 Panama Papers leak have brought it to the forefront of public attention. Governments worldwide are now compelled to implement robust systems and controls to combat money laundering effectively.

Anti-Money Laundering (AML) is a valuable self-development tool for compliance professionals seeking to advance their careers and gain a comprehensive understanding of AML. This book provides a practical guide to navigating the complex requirements necessary to counter money laundering within an organization. It separates AML practice into different elements, featuring case studies and scenarios from around the world to highlight issues and best practices. The text emphasizes that AML can be mitigated through foresight and methodology, providing clarity on complex points to help readers develop the expertise they need for success in practice.

By implementing effective AML measures, organizations can protect themselves from the risks associated with financial crime, maintain compliance with regulations, and build a reputation as responsible financial institutions. This book is a valuable resource for anyone involved in AML, including compliance officers, financial professionals, law enforcement agencies, and regulators.

Weight: 416g
Dimension: 234 x 155 x 13 (mm)
ISBN-13: 9780749481896