Effective implementation of comprehensive anti-money laundering guidelines The AML Handbook explains the latest regulations and provides practical guidelines for implementation. While most books focus on the regulations themselves, this useful guide goes even further by explaining their meanings to banking operations, and how to apply rules to real life scenarios.

The international perspective provides a broader understanding of anti-money laundering controls in place around the world, with some country-specific details that are addressed in detail. Coverage includes the Wolfsberg Principles, the Financial Action Task Force Guidelines, and the US Patriot Act, most recently from the European Union and the Bank for International Settlements.

The International Monetary Fund estimates that between 2 and 5 per cent of global GDP, from $ 590 billion to $ 1.5 trillion, is washed every year. Globally, banks and other financial institutions have been asked to establish specific arrangements to prevent and detect money-laundering and the criminal activity on which they are based.

This book provides the latest regulations and guidelines for implementation. * Implementing the most effective anti-money laundering measures In response to increased monitoring and regulation, money-laundering workers have become more sophisticated in disguising the source of their money.

Financial institution staff should always be more aware of what they are facing and how to deal with it, making the executable guidance a basic companion to any regulatory information. For financial institutions seeking further understanding and practical advice, the AML Guide is a comprehensive guide..