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An Introduction to Money Laundering Deterrence (Paperback)
Loot Price: R425
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An Introduction to Money Laundering Deterrence (Paperback)
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List price R490
Loot Price R425
Discovery Miles 4 250
You Save R65 (13%)
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Every criminal act anywhere that involves obtaining money illegally
produces funds which need to be laundered. The IMF estimates that
2-5% of global GDP ($590bn and $1.5 trillion) is laundered every
year - $590bn is the equivalent of Spain's yearly output. Globally,
regulations have come in which affect certain businesses,
especially banks and other financial institutions. These businesses
have been required to put in place specific arrangements to prevent
and detect money laundering and the criminal activity that
underlies it. As money launderers have resorted to more
sophisticated ways of disguising the source of their funds, so
employees have to be ever more aware of what they are dealing with,
and how to deal with it. * At present books on money laundering
deterrence tend to focus on the detailed regulations and therefore
do not provide much in the form of practical advice and guidance.
The books also tend to look at money laundering regulation from a
single perspective - say that of the UK. * Legislation requires
firms to provide all relevant employees with adequate training on
that legislation, and to recognise and deal appropriately with
transactions where money laundering is suspected. * This book will
look at a series of types of money laundering, explain how they are
used and what controls, if any, could be used by an institution to
protect itself. * What should make a banker suspicious, how would
suspicion appear to a court or regulator, and what will the impact
be on controls and reputational risk.
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