This eBook is designed to provide the reader with accurate analyses of the AML/CTF Financial and Legal Intelligence, law and practice in the nations of the world with the most current references and resources. The eBook is organized around five main themes: 1. Money Laundering Risk and Compliance; 2. The Law of Anti-Money Laundering and Compliance; 3. Criminal and Civil Forfeiture; 4. Compliance and 5. International Cooperation. Each chapter is made up of five parts. Part I, qIntroduction, q begins with the analysis of money laundering risks and compliance with the recommendations of the Financial Action Task Force (FATF), and then concludes with the country's rating based on the International Narcotics Control Strategy Report (INCSR) of the U.S. State Department. Part II, qAnti-Money Laundering and Combating Terrorist Financing (AML/CTF)q and Part III, qCriminal and Civil Forfeiture, q evaluate the judicial and legislative structures of the country. Given the increasing global dimension of AML/CTF activities, these sections give special attention to how a country has created statutes, decisions, policies and the judicial enforcement procedures needed to combat money laundering and terrorist financing. Part IV, qCompliance, q examines the most critical processes for the prevention and detection of money laundering and terrorist financing. This section reflects on the practical elements that should be in place so that financial institutions can comply with AML/CTF requirements; these are categorized into the development and implementation of internal controls, policies and procedures. Part V, qInternational Cooperation, q reviews the compilation of international laws and treaties between countries working together to combat money laundering and terrorist financing. As these unlawful activities can occur in any given country, it is important to identify the international participants who are cooperating to develop methods to obstruct these criminal activities.102 RBI Master Circular DBOD.AML.BC.N0. 2/14.01.001/2011-2 July 1, 2011, Annex I: http://www.rbi.orgin/scripts/BS_ViewMasCirculardetails.aspx?id:6520#. Uniform Documentary Requirements for trading August 26, 2004, Annexure 1:anbsp;...
|Title||:||Money Laundering, Asset Forfeiture and Recovery and Compliance – A Global Guide|
|Author||:||William H. Byrnes, Robert J. Munro|
|Publisher||:||LexisNexis - 2015-07-15|