Also available in hardcover
Money laundering by drug cartels, terrorists, and other criminal groups is a fast-growing problem. Technologies including online payment systems, virtual currency, and stored value cards have joined well-established methods of laundering the proceeds of criminal activity.
Laundered proceeds provide economic fuel for terrorist activities and violent conflicts across the globe, and fund other criminal activity. Moreover, it is not just criminal gangs that launder money. Because many white collar crimes are predicate offenses for money laundering, a wide array of violations can generate proceeds to be laundered before they can be freely spent. Anti-Money Laundering Deskbook: A Practical Guide to Law and Compliance is a roadmap to understanding this complex area.
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FINCEN) defines money laundering as “the process of making illegally-gained proceeds appear legal,” through a three-step process of “placement, layering and integration.” Anti-Money Laundering Deskbook defines the terms, and then walks the reader through the federal statutory framework that has evolved substantially since 9/11, the USA PATRIOT Act, and the many statutes and regulations governing money laundering, structuring financial transactions, terrorist finance, and forfeiture.
This Deskbook provides the reader with a comprehensive understanding of money laundering as a cross-border issue, helping the reader to understand such issues as: