Mastering Anti-Money Laundering and Counter-Terrorist Financing, 2nd Edition

Table of contents

1. Cover
2. Title
3. Copyright
4. Contents
5. Acknowledgement
6. Disclaimer
7. Introduction
8. About the author
9. 1 Fundamental Concepts
10. Background and definitions
11. Key processes in money laundering and terrorist financing
12. Money laundering
13. Crypto-Laundering and the Blockchain
14. Terrorist financing
15. Further differences between terrorist financing and classical money laundering
16. Suspicion recognition
17. 2 The International AML and CFT Framework
18. Key components of the international institutional and legal framework
19. A developing framework to combat tax evasion
20. Proliferation Financing
21. A developing framework for the regulation of cryptocurrencies
22. The Financial Action Task Force (FATF)
23. FATF regional style bodies and associate members
24. Other relevant international bodies
25. Key requirements for financial institutions
26. Key components of a national AML/CFT framework
27. 3 The Role, Structure and Positioning of the AML/CFT Compliance Function
28. Structure and culture
29. AML/CFT best practice
30. Best practice in higher-risk products and services
31. IT systems
32. The use of artificial intelligence
33. Training, communication and awareness
34. A ‘pro-business’ approach
35. Management of internal suspicion reporting
36. 4 CDD, KYC and the Risk-based Approach
37. Background to the Risk-Based Approach
38. Components of the Risk-Based Approach
39. Mitigating controls
40. Regulatory environment
41. Special categories: Politically Exposed Persons (PEPs)
42. Constructing a Risk-Based Approach for your organisation
43. The core components of CDD
44. CDD processes and tools
45. Example risk assessment frameworks
46. Constructing a CDD framework for financial institutions
47. Constructing a CDD framework for retail/consumer banking business
48. Constructing a CDD framework for private banking
49. 5 Reputational Risk
50. Managing reputational risk
51. When banks go wrong: cases of punishments and penalties
52. Managing reputational risk: the experience of the MDBs
53. The integrity ‘red flags’ checklist and the due diligence investigation tools
54. Practical application
55. 6 Suspicion Recognition
56. Background and general principles
57. Money laundering typologies
58. Terrorist financing typologies
59. Account analysis examples
60. ‘Accumulation of evidence’ cases
61. The 21st century: areas of rising concern
62. 7 International Cooperation
63. Background
64. Modern structures of organised crime and terrorism
65. Mechanisms and tools of international cooperation
66. International cooperative bodies
67. 8 Modern Money Laundering and Terrorist Financing: Two Case Studies
68. Introduction
69. Smoke and Mirrors: AlnaBank and the Messengers of God
70. Futura Capital Partners: Modern Money Laundering through ‘low risk’ regulated OECD Financial Institutions
71. Discussion Points: Futura Capital Partners Case
72. Appendix
73. Index