ENGLISH

Anti-Money Laundering in a Nutshell: Awareness and Compliance for Financial Personnel and Business Managers

By Kevin Sullivan

Book information

Publisher
Apress
Year
2015
ISBN
978-1-4302-6160-5
Language
english
Format
PDF
Filesize
1 MB (1566337 bytes)
Pages
204\190
Topic
Economy
Time added
2016-06-29 18:00:00
Финансово-экономические дисциплины;Деньги и кредит

Description

Anti–Money Laundering in a Nutshellis a concise, accessible, and practical guide to compliance with anti–money laundering law for financial professionals, corporate investigators, business managers, and all personnel of financial institutions who are required, under penalty of hefty fines, to get anti–money laundering training. Money laundering is endemic. As much as 5 percent of global GDP ($3.6 trillion) is laundered by criminals each year. It's no wonder that every financial institution in the United States—including banks, credit card companies, insurers, securities brokerages, private funds, and money service businesses—must comply with complex examination, training, and reporting requirements mandated by a welter of federal anti–money laundering (AML) laws. Ignorance of crime is no excuse before the law. Financial institutions and businesses that unknowingly serve as conduits for money laundering are no less liable to prosecution and fines than those that condone or abet it.

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