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Money laundering business compliance

By: Contributor(s): Language: English Publication details: Croydon LexisNexis 2004Description: xx, 383p. 23cmISBN:
  • 0754526232
Subject(s): LOC classification:
  • 364.163
Contents:
Identifying your client
Knowing your client and his business
Internal controls
Risk assessment and a risk-based approach to anti-money laundering
Identifying suspicious transactions
Reporting suspicions
Obtaining NCIS consent to proceed
Awareness and training of staff
Producing an annual money laundering report
Reputational risk
Asset recovery and the practical implications for regulated businesses
Investigations
Summary: Written for all those involved in financial services, this book provides a practical and hands-on approach to the Money Laundering Regulations 2003. Highlights potential pitfalls in practice and offers tips to help companies avoid liability for money laundering. Includes tables of cases, statutes, statutory instruments and European legislation. Appendix contains useful sources of information.

Identifying your client

Knowing your client and his business

Internal controls

Risk assessment and a risk-based approach to anti-money laundering

Identifying suspicious transactions

Reporting suspicions

Obtaining NCIS consent to proceed

Awareness and training of staff

Producing an annual money laundering report

Reputational risk

Asset recovery and the practical implications for regulated businesses

Investigations

Written for all those involved in financial services, this book provides a practical and hands-on approach to the Money Laundering Regulations 2003. Highlights potential pitfalls in practice and offers tips to help companies avoid liability for money laundering. Includes tables of cases, statutes, statutory instruments and European legislation. Appendix contains useful sources of information.