International Guide to Money Laundering Law and Practice

Fourth Edition

Edited by: Nina Moffatt, Mark Simpson, Arun Srivastava

Money laundering remains high on the political, legal, and regulatory agenda. Anti-money laundering (AML) and counter-terrorist financing (CTF) are now viewed in the context of the wider financial crime agenda, which is increasingly focused on corruption and financial sanctions issues, as well as organized crime. The globalization of the world economy has emphasized the need for action to be taken collectively at the international level. This has been further emphasized by the continued ease with which funds can be moved around internationally. This fully revised fourth edition provides a detailed insight into the background of money laundering operations and CTF and clearly explains the AML and CTF laws and regulations in the key global financial centers throughout the world. Each chapter is written by a local industry expert and offers an authoritative country-specific overview of the legislation and regulation relating to money laundering in that jurisdiction, including compliance, accounting, and confiscation issues. In addition to the 33 jurisdictions that were covered in the third edition, this new edition now includes two key financial and business centers - Belgium and Saudi Arabia. It includes chapters analyzing AML and CTF from a UK legal perspective, including individual chapters on UK law and practice, the practical implementation and regulation of UK rules, confiscating the proceeds of crime, UK accounting, and auditing issues. The 35 individual jurisdictions that are comprehensively covered include: Argentina, Australia, Austria, the Bahamas, Belgium, Bermuda, Brazil, the British Virgin Islands, Canada, the Cayman Islands, China, France, Germany, Gibraltar, Greece, Guernsey, Hong Kong, India, the Isle of Man, Italy, Japan, Jersey, Liechtenstein, Luxembourg, the Netherlands, New Zealand, Russia, Saudi Arabia, Singapore, South Africa, Spain, Switzerland, the United Arab Emirates, Ukraine, and the US.

1504 pages

Publication Date: 10/31/2013
Format: Cloth
ISBN: 9781847669797