Deconstructing Money Laundering Risk - De-risking, the Risk-based Approach and Risk Communication (Hardcover, 1st ed. 2022)

This book examines the interpretation of the risk-based approach (RBA) and its application across the banking industry. It explores the ways conflicting risk interpretation and deconstruction of money laundering risk have unintended consequences across the banking industry. Furthermore, it offers a theoretical framework that can be adopted and implemented by risk practitioners to address money laundering (ML) risks. The interpretation and application of the RBA influences the way money laundering risk is perceived, presented, and managed, often resulting in misalignment among stakeholders. Moreover, AML practitioners interpret money laundering (ML) risk as an entity that can be contained, largely in ignorance of the fact that ML risk is self-referential. The book therefore addresses complex inter-system feedback phenomena that lead to de-risking and re-risking, and offers a new ML risk communication framework on this basis. It will be of value to researchers and also to stakeholders within financial institutions, financial intelligence units and regulators in the fight against money laundering.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Series:	CSR, Sustainability, Ethics & Governance
Release date:	July 2022
First published:	2022
Authors:	Noemi Tambe Bearpark
Dimensions:	235 x 155mm (L x W)
Format:	Hardcover
Pages:	196
Edition:	1st ed. 2022
ISBN-13:	978-3-03-107507-0
Categories:	Books > Social sciences > Sociology, social studies > Crime & criminology > General Books > Business & Economics > Business & management > Management & management techniques > General Books > Business & Economics > Finance & accounting > Finance > Public finance > General Books > Money & Finance > Public finance > General
LSN:	3-03-107507-2
Barcode:	9783031075070

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