By Kevin Sullivan

Anti–Money Laundering in a Nutshellis a concise, obtainable, and useful consultant to compliance with anti–money laundering legislations for monetary pros, company investigators, enterprise managers, and all group of workers of monetary associations who're required, below penalty of hefty fines, to get anti–money laundering training.

Money laundering is endemic. up to five percentage of world GDP ($3.6 trillion) is laundered through criminals every year. It’s no ask yourself that each bank within the United States—including banks, bank card businesses, insurers, securities brokerages, deepest money, and cash carrier businesses—must conform to complicated exam, education, and reporting specifications mandated through a welter of federal anti–money laundering (AML) legislation. lack of knowledge of crime isn't any excuse earlier than the legislations. monetary associations and companies that unknowingly function conduits for funds laundering are not any much less prone to prosecution and fines than those who condone or abet it.

In Anti–Money Laundering in a Nutshell: Awareness and Compliance for monetary group of workers and company Managers, Kevin Sullivan attracts on a unusual profession as an AML agent and advisor to educate body of workers in monetary associations what cash laundering is, who does it, how they do it, easy methods to hinder it, the way to notice it, and the way to document it in compliance with federal legislations. He strains the dynamic interaction between staff, regulatory examiners, compliance officials, fraud and forensic accountants and technologists, felony investigators, and prosecutors in following up on studies, catching launderers, and conserving the integrity and reputations of monetary associations and companies. particularly, company investigators will achieve wealthy insights winnowed from the author's stories as a brand new York kingdom and federal investigator.

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