The Anti-Money Laundering Regime: A Practical Guide provides an objective, all-in-one resource explaining the key concepts of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. The recent amendments to the Act dramatically increase the scope of the compliance regime, and add to the existing obligations, creating the need for a concise, quick reference guide for all businesses caught as “reporting entities” and their advisors.
The book details the risk-based approach taken by legislators and the supervisors, and explores the application of the Act, as well as the policies, procedures and controls needed to meet the money laundering and terrorist financing risks facing businesses. It explains the key obligation to undertake the appropriate level of customer due diligence in various contexts, and the complex reporting obligations contained in the Act.
The Anti-Money Laundering Regime: A Practical Guide is a must-have resource for legal practitioners meeting obligations for their own firms, legal practitioners advising clients on their compliance obligations, existing reporting entities and newly caught professionals, including accountants, real estate agents, conveyancers and trust and company service providers, as they seek to upskill in this rapidly expanding and evolving area.
• A concise and practical guide to the Act.
• For practitioners advising reporting entities of their compliance obligations or meeting the obligations themselves.
• Includes international context and perspectives.