Preventing Money Laundering and Terrorist Financing, Second Edition

Preventing Money Laundering and Terrorist Financing, Second Edition

Author: Pierre-Laurent Chatain

Publisher: World Bank Publications

ISBN: 9781464818523

Category: Business & Economics

Page: 225

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Money laundering and terrorist financing undermine the integrity and stability of financial systems and can have a significantly adverse impact on a jurisdiction's economy. Challenges to effective supervision and prevention of money laundering and financing of terrorism were exacerbated in the aftermath of the 2008 financial crisis, with financial institutions' need for funds at times undermining vigilance as to the provenance of those funds. As such, supervisors often, and prudently, focused on coping with the crisis. Since 2009, when the first edition of this handbook was published, challenges to the integrity and stability of financial systems have continued to evolve. Money-laundering and terrorist-financing risks continue to threaten the reputations of financial institutions and entire financial sectors, exposing institutions to the possibility of severe enforcement action by public authorities or the loss of correspondent relationship facilities by their private sector counterparts. This second edition reflects the evolving challenges to the integrity and stability of financial systems, recent trends in enforcement actions by country authorities, and changes to international standards, notably an emphasis on a risk-based approach. This practical handbook supports the implementation of international standards established by the Financial Action Task Force and other bodies, * Providing examples of money-laundering and terrorist-financing supervisory frameworks in a range of countries; * Describing best practices for the supervision and enforcement of money-laundering and terrorist-financing laws and regulations; * Offering practical advice on how a particular jurisdiction might incorporate enforcement of the laws and regulations on money laundering and terrorist financing into its supervisory framework. Designed specifically for bank supervisors, this guide will also be of interest to readers working in the areas of finance, corruption prevention, law, accounting, and corporate governance.
Preventing Money Laundering and Terrorist Financing, Second Edition
Language: en
Pages: 225
Authors: Pierre-Laurent Chatain, Emile van der Does de Willebois, Maud Bökkerink
Categories: Business & Economics
Type: BOOK - Published: 2022-08-11 - Publisher: World Bank Publications

Money laundering and terrorist financing undermine the integrity and stability of financial systems and can have a significantly adverse impact on a jurisdiction's economy. Challenges to effective supervision and prevention of money laundering and financing of terrorism were exacerbated in the aftermath of the 2008 financial crisis, with financial institutions'
Preventing Money Laundering and Terrorist Financing
Language: en
Pages: 304
Authors: Pierre-Laurent Chatain, Emile van der Does de Willebois, Maud Bökkerink
Categories: Business & Economics
Type: BOOK - Published: 2009 - Publisher: World Bank Publications

"Money laundering and terrorist financing are serious crimes that affect not only those persons directly involved, but the economy as a whole. According to international standards, every bank has the obligation to know its customers and to report suspicious transactions. Although these obligations sound straightforward, they have proved challenging to
PREVENTING MONEY LAUNDERING AND TERRORIST FINANCING, SECOND EDITION
Language: en
Pages:
Authors: PIERRE-LAURENT. WILLEBOIS CHATAIN (EMILE VAN DER DOES DE. BOEKKERINK, MAUD.)
Categories: Business & Economics
Type: BOOK - Published: 2022 - Publisher:

Books about PREVENTING MONEY LAUNDERING AND TERRORIST FINANCING, SECOND EDITION
Theory & Technique to Prevent Money Laundering and Terrorist Financing
Language: en
Pages: 0
Authors: Md. Mashiur Rahman
Categories: Money laundering
Type: BOOK - Published: 2019 - Publisher:

Books about Theory & Technique to Prevent Money Laundering and Terrorist Financing
Mastering Anti-money Laundering and Counter-terrorist Financing
Language: en
Pages: 405
Authors: Tim Parkman
Categories: Electronic books
Type: BOOK - Published: 2020 - Publisher: Pearson UK

"The book starts with an examination of fundamental terms and processes before going on to look at the international framework of legal and regulatory standards which has been developed over several decades and the necessary activities and organisation of an AML CFT Compliance function and its positioning within the wider