Preventing Money Laundering And Terrorist Financing

  • Date Published 10/05/2022
Preventing Money Laundering And Terrorist Financing
Preventing Money Laundering And Terrorist Financing

This book is specifically designed for bank supervisors, some of whom may be looking for ways to devise a program of anti-money laundering/combating the financing of terrorism (AML/CFT) supervision. Others may have encountered difficulties in elements of their systems of supervision and are looking for alternatives. Supervisors may also come to recognize even more efficient ways to carry out AML/CFT supervision. The objective of this book is therefore to provide a "how to" reference for practitioners of financial regulation and supervision. The authors have attempted to conceive a practical guide, with the purpose of resolving strategic and operational supervisory issues. They cover the entire spectrum of supervision, ranging from supervision objectives to the design and carrying out of onsite and offsite inspection programs, and from cooperation with other domestic and international AML/CFT authorities to sanctions and enforcement. The international community recognizes that under-regulated or unsupervised entities have the potential to undermine confidence in financial markets and hamper economic recovery. Better transparency, enhanced oversight, and stronger cross border cooperation among regulators and supervisors in all areas of risks, including money laundering and terrorist financing, are necessary to ensure that financial institutions always remain sound, sustainable, and vigilant. This task is even greater during difficult times.

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Book Chapters

  • Preliminary PagesPreliminary Pages
  • Introduction Introduction
  • Chapter 1Designing An Effective Aml/cft Supervisory Framework
  • Chapter 2Risk Management In Combating Money Laundering And Terrorist Financing
  • Chapter 3The Licensing Process And Aml/cft Due Diligence
  • Chapter 4Aml/cft Off-site Supervision
  • Chapter 5The On-site Supervisory Process
  • Chapter 6Sanctions And Corrective Measures To Be Taken By Competent Authorities
  • Chapter 7National And International Cooperation
  • Annexures Anexures
  • IndexIndex

Preventing Money Laundering And Terrorist Financing

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