An Introduction to Money Laundering Deterrence by Dennis Cox
Requirements: .PDF reader, 1.9 Mb
Overview: Every criminal act anywhere that involves obtaining money illegally produces funds which need to be laundered. The IMF estimates that 2-5% of global GDP ($590bn and $1.5 trillion) is laundered every year – $590bn is the equivalent of Spain’s yearly output. Globally, regulations have come in which affect certain businesses, especially banks and other financial institutions. These businesses have been required to put in place specific arrangements to prevent and detect money laundering and the criminal activity that underlies it. As money launderers have resorted to more sophisticated ways of disguising the source of their funds, so employees have to be ever more aware of what they are dealing with, and how to deal with it.
Genre: Non-Fiction > Educational