Anti-money laundering in a nutshell : awareness and compliance for financial personnel and business managers / Kevin Sullivan.
2023
HV6769 .S85 2023eb
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Title
Anti-money laundering in a nutshell : awareness and compliance for financial personnel and business managers / Kevin Sullivan.
Author
Sullivan, Kevin, author.
Edition
Second edition.
ISBN
9798868800665 (electronic bk.)
9798868800658
9798868800658
Published
[Berkeley, CA] : Apress, 2023.
Language
English
Description
1 online resource (xviii, 294 pages) : illustrations (some color).
Other Standard Identifiers
10.1007/979-8-8688-0066-5 doi
Call Number
HV6769 .S85 2023eb
Dewey Decimal Classification
364.2
Summary
Money laundering is endemic. As much as 5 percent of global GDP ($3.6 trillion) is laundered by criminals each year. It's no wonder that every financial institution in the United States must comply with complex requirements mandated by a welter of federal anti-money laundering (AML) laws. Financial institutions and businesses that unknowingly serve as conduits for money laundering are no less liable to prosecution and fines than those that condone or abet it. This new edition will update the topics discussed, and introduce the changes and updates including information on the AMLA Act of 2020, new EU standards and directives, anti-money laundering on digital currencies, human and wildlife trafficking and more Author Kevin Sullivan draws on a distinguished career as an AML investigator and consultant to teach personnel in financial institutions and law enforcement what money laundering is, who does it, how they do it, how to prevent it, how to detect it, and how to report it in compliance with federal law. He traces the dynamic interplay among employees, regulatory examiners, compliance officers, fraud and forensic accountants and technologists, criminal investigators, and prosecutors in following up on reports, catching launderers, and protecting the integrity and reputations of financial institutions and businesses. Highly rated on Amazon and a Top 10 ranked book on Compliance, Anti-Money Laundering in a Nutshell is a concise, accessible, and practical guide to compliance with anti-money laundering law for professionals who are required, under penalty of hefty fines, to get anti-money laundering training.
Access Note
Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (SpringerLink, viewed December 15, 2023).
Available in Other Form
Print version: 9798868800658
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Table of Contents
1. What is Money Laundering?
2. Methods of Money Laundering
3. Federal Regulations
4. Building a Quality AML Program for Financial Institutions
5. Know Your Customer and Customer Identification Program
6. A SAR Is Born
7. Money Laundering for Law Enforcement
8. International Standards Laundering
9. FRAML
10. What Could Possibly Go Wrong?
Appendix A: Money-laundering Red Flags
Appendix B: Code of Federal Regulations Title 31 Section 103.18. .
2. Methods of Money Laundering
3. Federal Regulations
4. Building a Quality AML Program for Financial Institutions
5. Know Your Customer and Customer Identification Program
6. A SAR Is Born
7. Money Laundering for Law Enforcement
8. International Standards Laundering
9. FRAML
10. What Could Possibly Go Wrong?
Appendix A: Money-laundering Red Flags
Appendix B: Code of Federal Regulations Title 31 Section 103.18. .