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Description of Money Laundering

This book, sponsored by iSentry, is written by Rohan Bedi, the Head of AML Services of PricewaterhouseCoopers in Singapore, and offers an in-depth study of the topic of money laundering within the financial sector as well as non-financial businesses, and contains a comprehensive money laundering risk analysis of key countries.

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services for public and private clients. More than 120,000 people in 139 countries connect their thinking, experience and solutions to build public trust and enhance value for clients and their stakeholders.

Title Information

ISBN:

9789627762874

Pages:

432 pages

Format:

Paperback

Product Code:

16287

Publisher:

ISI Publications

Published:

01/08/2004

Edition:

1st Edition

Press and Industry Reviews

"Money laundering and complex scams straddle multiple jurisdictions, taking advantage of the gaps in oversight and cooperation between national authorities."
- Mr. Lee Hsien Loong, Deputy Prime Minister & Chairman of the Monetary Authority of Singapore.

"Money laundering may look like a polite form of white collar crime, but it is the companion of brutality, deceit and corruption."
- Mr. Lawrence H. Summers, Former US Treasury Secretary

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Customer Reviews from Amazon

About Sarah Barham (Editor) and Carol Bonnett (Editor) and Rohan Bedi (Editor)

Rohan Bedi is the Head of AML Services of PricewaterhouseCoopers Singapore. He was a line banker with 13 years of work-experience across Asia. Rohan has a passion for AML and is involved in a wide range of activities on the subject from research, consultancy, software, training and other thought leadership activities. He is the author of a number of articles on the subject published both internally and in leading Asian newspapers, magazines, and International publications. Rohan is widely regarded as an Asia AML expert and his opinion on AML issues is sought after by both the media and by regulators.

Contents of Money Laundering

Foreword
Dominic Nixon, Asia Head for AML, PricewaterhouseCoopers

Introduction: The UK Experience with AML
Andrew P. Clark, European Head for AML, PricewaterhouseCoopers

Introduction:

1. What is Money Laundering?

2. How Does Money Laundering Work?

3. Money Laundering Case Studies

4. Enterprise-wide Money Laundering Deterrence Programme

Compliance & Supervision:

5. Money Laundering Legislation and Guidelines

6. International Developments in Legislation/Guidelines

7. A Review of the FATF 40 and Eight Recommendations

8. Compliance and Co-operation with International Regulators

9. Offshore Banks, Companies, Trusts and Money Laundering

Controls over prevention of money laundering:

10. Recognising Money Laundering Activities

11. Know Your Customer (KYC)

12. Retention of Financial Transaction Documentation

13. AML Reports and Technology

14. The Process of Suspicious Transaction Report Filing

15. The Quality of Suspicious Transaction Reports

16. Awareness and Training

17. Money Laundering Risk Sectors and Typologies - Part One

18. Money Laundering Risk Sectors and Typologies - Part Two

Controls over prevention of terrorist financing:

19. Terrorist Financing

20. Case Studies On Terrorist Financing

Other reviews:

21. Accountants and Auditors

22. Risk Analysis of Money Laundering by Country

23. Conducting or Supporting the Investigation Process

24. Summary