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AML Custodian - Protecting You & Your
Company from the Risk of Money Laundering
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Anti
Money Laundering Books, Handbooks & Guides
AML compliance
is expensive for any business. AML
Custodian, for an all inclusive price, with no extra hidden
costs, gives you a fully compliant and effective AML
(anti money laundering) software system at a very sensible price.
Peace of mind is priceless, but the cost of not complying is the
much more expensive option – 2 years in prison, and/or a
large fine!
This page provides details of a number
of books related to Money Laundering issues that are available
from Amazon. We have highlighted a few of the
more popular and useful books, but this important subject has
many more available at Amazon, please use the search box below
to find more literature.
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Money
Laundering Law: Forfeiture, Confiscation, Civil Recovery, Criminal
Laundering and Taxation of the Proceeds of Crime
by Peter Alldridge
Product Details:
- Hardcover 328 pages (January 14, 2003)
- Publisher: Hart Publishing
Synopsis:
The leading text on money laundering law in the UK and EU. |
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A
Comparative Guide to Anti-Money Laundering: A Critical Analysis
of Systems in Singapore, Switzerland, the UK and the USA
by Mark Pieth (Editor), Gemma
Aiolfi (Editor)
Product Details:
- Hardcover 544 pages (September 28,
2004)
- Publisher: Edward Elgar
- Language: English
Synopsis:
All the major financial centres have experienced
a rise in anti-money laundering rules and regulations. Initially,
anti-money laundering laws were used as a weapon in the war on
drugs, whilst more recently they have been deployed in the ongoing
fight against terrorism. These developments, the authors reveal,
have had serious consequences for banks and other financial institutions
- affecting not only profit margins but also the way in which
business is conducted.
Topical and pertinent issues addressed
in this book include questions such as; "Has all the
recent legislative activity really put a stop to the problem?
- Are the international rules being implemented as carefully as
they should? - How level is the playing field in cross border
banking?".
The regimes and implementation of anti-money
laundering laws and regulations of four major, cross border, financial
centres are also examined in depth: Switzerland, Singapore, the
UK, and the USA.
Going beyond the purely descriptive, there
are comparative analyses of these countries against existing international
standards - with illuminating results. This new book is full of
original insight and analysis and will be an invaluable resource
for lawyers, both scholarly and practitioner based, with an interest
in economic crime as well as policymakers and compliance officers
within banks and other financial institutions.
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Money
Laundering: Business Compliance
by Stuart Bazley, Caroline Foster
Product Details:
- Paperback 191 pages (July 1, 2004)
- Publisher: Butterworth Heinemann
Synopsis:
In the drive to halt funding terrorist activity,
control of money laundering activity has risen high on the Governments
agenda. The Money Laundering Regulations 2003 expand the Regulators
already wide powers. Failure to comply with anti-money laundering
provisions prevents businesses functioning properly, carries severe
financial penalties and can result in serious criminal sanctions.
The 2003 Regulations require regulated companies to ensure they:
put in place proper identifying, recording and reporting procedures;
appoint a Money Laundering Reporting Officer; make staff aware
of the Regulations and the Proceeds of Crime Act 2002; and provide
proper training. Given the severity of the sanctions, it is essential
that you are aware of your obligations.
Using flowcharts, diagrams, checklists
and bullet points, this timely and user-friendly manual shows
you how to comply fully and effectively. "Money Laundering:
Business Compliance":
- Shows you how to spot activities that
must be reported;
- Alerts you to when and how you must
report and to do so within minimum business interruption;
- Demonstrates how to ensure compliance
with the regulatory framework;
- Gives details on correct training procedures;
- Tells you how to avoid falling foul
of the stringent rules against tipping off;
- and arms you with the knowledge to avoid
the pitfalls.
This book is essential reading for MLROs,
directors, compliance officers, risk officers, finance directors
and accountants, company secretaries and all those within the
regulated sector. With its uniquely practical approach and hands-on
guidance, it should be the first port of call for all those wanting
to understand the regulations and the guidance notes. Bazley and
Foster bring experience and inside knowledge of the Regulations
and potential pitfalls in practice, and provide simple tips to
help companies avoid liability for money laundering.
Book Review:
Money Laundering Reporting Officers
and others with an interest in the subject of anti-money laundering
are fortunate nowadays to have advice available as to how to
fulfill their responsibilities from an abundance of publications.
The problem is, that the truly useful information or guidance
is either difficult to access or is not where you expected it
to be. The aptly named "Money laundering: Business
Compliance" published by Lexis Nexis and written
by Stuart Bazley and Caroline Foster manages to avoid these
common pitfalls and provides the MLRO with a surprisingly detailed
and accessible source of useable information in comparatively
compact dimensions.
The content of the book is simply
laid out, with the key issues relating to all the day to day
issues that the MLRO is likely to confront being addressed in
refreshingly straightforward language. The book includes Chapters
on: Client identification; Knowing your client; Internal controls;
a risk-based approach to anti-money laundering; suspicious transaction
identification and reporting; and staff training and awareness.
It also has detailed Chapters on the emerging subjects of dealing
with Law enforcement investigations and managing assets recovery.
The authors were clearly thinking of the practitioner reader
in the compilation of this book, and not just drafting an analysis
of the rules. Whilst outlining each area of money laundering
compliance in a lucid and practical way, the book makes excellent
use of practical examples, and regularly poses questions to
stimulate thinking in the reader.
Each Chapter contains thought provoking
and at times innovative solutions. Worthy of particular mention
are Chapter 8, on the thorny subject of Awareness and training
of staff and Chapter 3 on Internal controls.
Chapter 8 sets out advice on making
anti-money laundering training interesting, something which
trainers and MLROs constantly struggle with. Indeed this chapter
goes further than most by talking about enforcing the training
obligation, an interesting area the appropriate culture within
a firm being key here to ensuring successful staff training
on anti money laundering requirements.
Chapter 3 on Internal Controls takes
the reader through the regulatory responsibilities including
how and why to devise internal money laundering procedures and
policies. However, where many text books stop this Chapter goes
on to address questions about planning resource, how to manage
and lead a team effectively and sets out useful suggestions
on how to devise performance measurements to help monitor and
track the performance of a money laundering department.
I found that the questioning approach
and practical examples through-out the book to be much more
useful than the standard repetition of requirements and legislation
that appears in so many text books on regulation and anti-money
laundering.
In summary, immensely valuable, an
excellent read, and recommended as essential reading for every
MLRO.
Review by Steve Elkins, Money Laundering
Reporting Officer Gartmore Investment Management. |
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Solicitors
and Money Laundering
by Peter Camp
Product Details:
- Paperback: 288 pages (September 2,
2004)
- Publisher: Law Society Publications
Synopsis:
Solicitors and Money Laundering provides a much
needed guide to all of the new anti-money laundering law as well
as the latest Law Society guidance. It advises on the practical
steps that solicitors can take to ensure that adequate safeguards
and systems are in place. The book highlights areas of practice
most at risk, and gives practical advice on how to introduce anti-money
laundering procedures enabling firms to recognize and report suspicious
transactions.
It includes helpful precedents, guidance
material and statutory material, such as: a precedent money laundering
manual; a client identification form, internal reporting form
and SOCA reporting forms; and official SOCA
guidance on reporting suspicious transactions.
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Nest
of Vipers
Fiction by Linda Davies
Product Details:
- Paperback 352 pages (April 3, 1995)
- Publisher: Orion mass market paperback
- Language: English
- Category(ies): Fiction , Crime, Thrillers
& Mystery
Synopsis:
Undercover agent Sarah Jensen is sent to investigate a billion
dollar conspiracy whose chief suspects are a government banker,
the Mafia & a merchant bank. She is hurled into a vortex of
deceit betrayal & murder.
From the Author
The Perfect Financial Crime
"What is the most spectacular financial crime that could
be committed?" This was a question that occurred to
me in my previous job as a banker. After graduating from Oxford
I worked in New York and then London, pursuing deals across Europe
and coming into contact with high financiers, politicians and
crooks. The scope for crime was immense. One day I sat down and
tried to think like a criminal. How would I make a fortune? How
could I bridge the gap between the City and the world at large
off which it feeds? The result of these musings was Nest
of Vipers, a novel in which I show the links between
governments, central banks, and crime, and the role that the intelligence
services now have in business and finance. The City is a perfect
cover for spies.
Not long after Nest of Vipers
appeared the subject of financial crime attracted international
attention thanks to Nick Leeson and the downfall of Barings Bank.
More recently dissaffected British agents have begun to reveal
the links between the security services and the banks with allegations
that MI6 had a mole in the Bundesbank and that the Russians were
spying on banks in the City of London. All this makes Nest
of Vipers even more topical now than when it first appeared.
Reviews:
Reviewer: (peterpuchalski@iclway.co.uk)
from England
An excellent thriller, this is a book that everyone who works
in the city will relate to in one way or another. It makes you
want to keep reading just to know what is going to happen next.
The author has the best background to portray the storyline with
conviction and she makes it feel as if you are actually there.
After reading this book I will be sure to read the others. A compelling
read. Definitely a book worth taking on your holidays for a bit
of escapism.
Reviewer: G B Parfitt from Chesterfield,
Derbyshire United Kingdom
Another great book from this author, if you are considering it
I would personally recommend it. Linda gives an insight into the
banking world - the murkier side without it becomming boring and
then the action blows you away!
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The
Washing Machine: How Money Laundering and Terrorist Financing
Soils Us
by Nick Kochan
Product Details:
- Hardcover 256 pages (May 24, 2005)
- Publisher: Texere Publishing,US
Synopsis:
Seasoned investigative journalist and financial expert Nick Kochan
takes readers deep inside the world of money laundering —
a highly sophisticated, trillion-dollar, global business that
poses a serious threat to Western economies.
Profiling the perpetrators and the investigators,
Kochan gives a mesmerizing inside look, explaining the methods
employed by international criminals and terrorists to turn dirty
money into untraceable wealth, as well as examining the methods
and resources available to the law enforcement agencies in their
fight to stop this corrupt financial pipeline.
But is it a losing battle? Taking readers
deep into the heart of the battle, The Washing Machine
reveals that the dual forces of globalization and a lack of true
international co-operation are playing directly into the hands
of the criminals. In the hands of the author, the sophistication
of the laundering schemes become understandable and fascinating,
and the characters and stories woven into that explanation are
vividly brought to life as they engage in operations on an often
mind-blowing scale.
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Butterworths
International Guide to Money Laundering Law and Practice, 2nd
Edition
by Toby Graham
Product Details:
- Hardcover (December 1, 2002)
- Publisher: LexisNexis UK
Synopsis:
The Second edition of Butterworths International Guide
to Money Laundering Law and Practice provides an in-depth
insight into the background of money laundering operations and
also offers a greater understanding of the anti-money laundering
laws and regulations of the key global financial centres.
A team of expert practitioners from each
country has been brought together to offer expert guidance and
informed analysis of all aspects of money laundering including
compliance, accounting and confiscation issues. |
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Money
Laundering: A Guide for Criminal Investigators
by John Madinger, Sydney A. Zalopany
Product Details:
- Hardcover 492 pages (March 16, 1999)
- Publisher: CRC Press
Synopsis:
Historic perspective meets current investigative techniques. The
crime of money laundering is widespread, not only figuring in
obvious cases such as Al Capone's, but in major events as diverse
as the Lindbergh baby kidnapping and the Watergate scandal. "Money
Laundering" gives law enforcement professionals
a clear understanding of money laundering practices, legislation,
and investigation.
Two frontline investigators - a narcotics
investigator/supervisor, and a special agent for the IRS - have
co-authored this authoritative study. Case studies establish a
historic perspective on Money Laundering, and the progressive
changes in its methods through the years. For today's investigator,
the authors also take a broad approach to forfeiture, financial
crimes, fraud, and related situations - making the information
most valuable and timely.
Book Review:
As a former trial lawyer now working
as a Financial Editor for a major European Investment Bank,
I found Money Laundering: Guide for Criminal Investigators
to be an excellent handbook for understanding the ins
and outs of money laundering. The authors do not leave anything
to chance, giving clear and precise explanations of even the
most simple terms. The history of money laundering is also considered
in the first chapters. I had some previous experience studying
the subject matter and found that both for myself, as well as
for the complete novice, the book is a great primer.
One of the surprises the book contains
are the explanations on how banking, real estate and securities
industries work as well as simple explanations of accounting
methods and balance sheets. These are most useful for those
who have not had a formal education in the aforementioned area.
In my view, the authors' attitude is to provide not only a primer
but a reference book for future use. In this sense it is "The
Bible of Money Laundering Investigation Handbooks", giving
the basic outlines that an investigator should use, checklists
provided help the investigator to keep on track and not get
lost when facing the challenges of fighting white collar crime.
Sample templates are provided for requesting information as
well as a handy glossary.
Some readers could consider
this book as "Money Laundering for Dummies", but the
aim is to acquire the proper base for future study.
As an attorney trained outside the Common Law system, I was
able to draw parallelisms between the Continental legal system
I studied and the U.S. one. The chapter detailing the different
legal forms a business can have, gave me a clear snapshot of
what I knew and did not know. Here lies the strength
of the book: it is not only of interest to law enforcement &
to the judicial branch but also for those of us who work within
an industry where compliance is a major issue and where we deal
with one or more Regulators.
Although the book gives us a law
enforcement perspective, it allows for better compliance at
all levels. Recently, a financial investigation on the part
of the local Regulator into a "fly by night" market
operator revealed it was suspected of being a conduit for money
laundering. Being an alumnus of the book, allowed me to get
a very clear picture of what the press was referring to when
they mentioned layering and placement, brass plate banks and
other terms pertaining to these illegal practices. It also proved
once again that most journalists do not have the slightest idea
of what they are talking about when writing on this fascinating
ever- increasingly-important subject.
Review by: Javier Prieto Huber (jphuber@arrakis.es)
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