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It is estimated that between 2 and 5 per cent of global GDP (over $3 trillion) is laundered by criminals around the world every year. Once thought to be a problem which only affected banks and the financial services sector, high profile cases, such as the recent leak of the Panama Papers in 2016, have thrust the issue into the public arena, and governments around the world are being forced to put robust systems and controls in place. Anti-Money Laundering offers a cost-effective self-development tool for the busy compliance professional eager to progress their career and in need of an accessible, practical and jargon-free introduction to anti-money laundering (AML).

Anti-Money Laundering offers a practical guide to navigate the maze of requirements needed to counter money laundering in an organization. This book separates the different elements of AML practice, featuring a range of case studies and scenarios highlighting issues and best practices around the world. The text demonstrates that it is by foresight and methodology that AML can be mitigated, and provides clarity on complex points to better enable readers to gain the expertise they need to achieve success in practice.

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

Section - 00: Introduction;

Section - 01: Reaction: The rise of anti-money laundering and counter-terrorist financing activity;

Section - 02: Implementing an anti-money laundering risk control framework;

Section - 03: Using the anti-money laundering strategy wheel;

Section - 04: Applying the brakes at key moments;

Section - 05: Country and people risk;

Section - 06: Product and delivery channel risk;

Section - 07: Regulators: External reporting and Financial Intelligence Unit activity;

Section - 08: Navigating cultural change;

Section - 09: Conclusion;