Description
Book SynopsisBillions of dollars are wasted each year trying to prevent dirty money' entering a financial system that is already awash with it. This book challenges the existing global approach and provides a toolbox of evidence-based solutions to help the frontline tackle financial crime.
Table of ContentsForeword - Phil Mason 1. Global standards, governance and the risk-based approach 2. The war on dirty money is mostly being lost in translation 3. How much do we really know about money laundering? 4. The obsession with defining money laundering 5. Money launderers and their superpowers 6. Global watchlists: money laundering risk indicators or something else? 7. Financial Intelligence Units or data black holes? 8. The ‘fingers crossed’ approach to money laundering prevention 9. Technology: the solution to all our AML/CFT problems 10. SARs: millions and millions of them 11. Information and intelligence sharing 12. Investigating money laundering 13. Prosecuting money laundering 14. Snatching defeat from the jaws of victory: confiscation 15. Countering the financing of terrorism: money laundering in reverse 16. National security vs the threat of money laundering 17. Tax avoidance vs tax evasion 18. Corruption: where did all the good apples go? 19. AML/CFT supervision or tick-list observers? 20. Punishing AML/CFT failures or raising government funds? 21. A future landscape Conclusion: A call to arms
