Money laundering and terrorist financing activities : a primer on avoidance management for money managers / Milan Frankl, Ayse Ebru Kurcer.
2017
HV6768 .F725 2017
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Details
Title
Money laundering and terrorist financing activities : a primer on avoidance management for money managers / Milan Frankl, Ayse Ebru Kurcer.
Author
Frankl, Milan, author.
Edition
First edition.
ISBN
9781631575945 e-book
9781631575938 paperback
9781631575938 paperback
Published
New York, New York (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2017.
Language
English
Description
1 online resource (86 pages)
Call Number
HV6768 .F725 2017
Dewey Decimal Classification
364.168
Summary
The purpose of this book is to introduce the reader to mechanisms useful for detection and avoidance of money-laundering activities (MLAs) and terrorist financing and suggest improvements to existing MLAs where appropriate. Money laundering may occur in every country. The significant factor is to diagnose the illegal MLA and apply regulations to mitigate them. To meet this objective, managers of financial institutions need to train their employees about anti-money laundering (AML) processes and how to diagnose and prevent money laundering. AML activities can also affect the financial systems of a country. "Money laundering destabilizes the foundation of a nation's financial system by reducing tax revenues and impeding fair competition by ultimately disrupting economic development" (World Compliance, 2008). MLAs can create a big gap between income classes. Money laundering can also decrease banks' or financial institutions' credibility. "In practice, criminals are trying to disguise the origins of money obtained through illegal activities so that it looks like it was obtained from legal sources" (Layton, 2005). This book may be of special interest to financial managers in the private and public sector. It also may be a useful guide for those involved in international financial transactions.
Bibliography, etc. Note
Includes bibliographical references (pages 79-82) and index.
Access Note
Access limited to authorized users.
Source of Description
Title from PDF title page (viewed on December 17, 2016).
Added Author
Kurcer, Ayse Ebru, author.
Series
Finance and financial management collection. 2331-0057
Available in Other Form
Print version: 9781631575938
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Online Access
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Online Resources > Ebooks
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Table of Contents
1. Background
2. Money laundering methods
3. Money laundering detection methods
4. Effects of money laundering on the macro economy
5. Suspicious transaction types
6. Organizations dealing with money laundering and terrorist financing
7. Two money-laundering cases
8. Corporate money-laundering events in USA
9. New place to launder money
10. Measures for preventing money laundering
Conclusion and recommendations
References
Index.
2. Money laundering methods
3. Money laundering detection methods
4. Effects of money laundering on the macro economy
5. Suspicious transaction types
6. Organizations dealing with money laundering and terrorist financing
7. Two money-laundering cases
8. Corporate money-laundering events in USA
9. New place to launder money
10. Measures for preventing money laundering
Conclusion and recommendations
References
Index.