{"product_id":"money-laundering-prevention-deterring-detecting-and-resolving-financial-fraud-hardback-9780470874752","title":"Money Laundering Prevention; Deterring, Detecting, and Resolving Financial Fraud (Hardback) 9780470874752","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eMoney Laundering Prevention\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eDeterring, Detecting, and Resolving Financial Fraud\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eJonathan E. Turner (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780470874752, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 10 June 2011\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e224 pages\u003cbr\u003e23.1 x 15.2 x 2.1 cm, 0.401 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"Turner uses his professional experience as a Certified Fraud Examiner and financial investigator to present a clear historic and modern-day explanation of what constitutes money laundering and who engages in the global crime. The reader will learn what the act of money laundering is, why it takes place, the basic activities and operations, and geographic \"hot spots\" for this illegal enterprise. Given the detailed explanation of the subject matter, this book will have a long shelf life, making it a solid investment.\" (\u003ci\u003eSecurity Management\u003c\/i\u003e, September 2012)\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eA how-to guide for the discovery and prevention of the illegal transfer of money\u003c\/b\u003e  \u003cp\u003eWritten for the private sector—where most money laundering takes place—this book clearly explains shows business professionals how to deter, detect, and resolve financial fraud cases internally. It expertly provides an understanding of the mechanisms, tools to detect issues, and action lists to recover hidden funds.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eProvides action-oriented material that will show how to deter, detect, and resolve financial fraud cases\u003c\/li\u003e \u003cli\u003eOffers an understanding of the mechanisms, tools to detect issues, and action list to recover hidden funds\u003c\/li\u003e \u003cli\u003eCovers mechanisms for moving money, identifying risk exposures, and investigating money movement\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eArming auditors, investigators, and compliance personnel with the guidance that, up until now, has been restricted to criminal investigators, \u003ci\u003eMoney Laundering Prevention\u003c\/i\u003e provides nuts-and-bolts information needed to fully understand the money laundering process.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 Understanding the Process of Money Laundering 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Money Laundering? 1\u003c\/p\u003e \u003cp\u003eMoney Laundering Defined 2\u003c\/p\u003e \u003cp\u003eWhy Do People Launder Money? 4\u003c\/p\u003e \u003cp\u003eThe Money Laundering Cycle 6\u003c\/p\u003e \u003cp\u003eMoney Laundering Is a Criminal Business 10\u003c\/p\u003e \u003cp\u003eMoney Laundering Is Global 11\u003c\/p\u003e \u003cp\u003eMoney Launderers Adapt Technology 13\u003c\/p\u003e \u003cp\u003eThe Role of Technology 14\u003c\/p\u003e \u003cp\u003eThe Role of Banks 15\u003c\/p\u003e \u003cp\u003eThe Role of Nations 17\u003c\/p\u003e \u003cp\u003eRegional Hotspots 18\u003c\/p\u003e \u003cp\u003eThe Birth of the Financial Action\u003c\/p\u003e \u003cp\u003eTask Force (FATF) 20\u003c\/p\u003e \u003cp\u003eConclusion 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Motivations for Getting Involved 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvolvement Is Personal 23\u003c\/p\u003e \u003cp\u003ePeople Weigh the Odds of Success 24\u003c\/p\u003e \u003cp\u003eWhere Do Laundered Funds Come From? 26\u003c\/p\u003e \u003cp\u003eThe Impact of Corruption 27\u003c\/p\u003e \u003cp\u003eWhy Is Corruption Increasing? 28\u003c\/p\u003e \u003cp\u003eCorruption Always Begins Small 30\u003c\/p\u003e \u003cp\u003eBribery and Corruption of Your Employees 31\u003c\/p\u003e \u003cp\u003eBribery and Corruption by Your Employees 33\u003c\/p\u003e \u003cp\u003eEvolution of Government Attitudes 34\u003c\/p\u003e \u003cp\u003eOfficial Corruption Impacts Individual Corruption 35\u003c\/p\u003e \u003cp\u003eTax Evasion as a Gateway to Money Laundering 36\u003c\/p\u003e \u003cp\u003eMoving from Taxes to Criminal Activity 37\u003c\/p\u003e \u003cp\u003eThe Rise of Regional and Multinational AML Organizations 38\u003c\/p\u003e \u003cp\u003eThe Connection between Fraud and Money Laundering 40\u003c\/p\u003e \u003cp\u003eMoney Laundering as a Do-It-Yourself Activity 42\u003c\/p\u003e \u003cp\u003eThe Service Providers: Bankers, Accountants, and Lawyers 42\u003c\/p\u003e \u003cp\u003eConclusion 45\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Mechanisms for Moving Money 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMoney Laundering Requires Movement through the System 47\u003c\/p\u003e \u003cp\u003eBroken Windows Encourage Other Crimes 48\u003c\/p\u003e \u003cp\u003eLook Local, Think Global 49\u003c\/p\u003e \u003cp\u003eExpanding International Requirements 51\u003c\/p\u003e \u003cp\u003eFinancial Havens Are Expanding 52\u003c\/p\u003e \u003cp\u003eMoney Laundering Is a Growth Industry 53\u003c\/p\u003e \u003cp\u003eLaw Enforcement Gets a Big Boost 54\u003c\/p\u003e \u003cp\u003eProfit Drives Criminal Activity 56\u003c\/p\u003e \u003cp\u003eStructuring the Scheme to Succeed 57\u003c\/p\u003e \u003cp\u003eWhy Use a Bank, When You Can Own One? 58\u003c\/p\u003e \u003cp\u003eLearning from the Big Fraud Schemes 59\u003c\/p\u003e \u003cp\u003eConfronting the Inevitable 60\u003c\/p\u003e \u003cp\u003eBalancing Security and Cost 61\u003c\/p\u003e \u003cp\u003eEffective Fraud Prevention Strategies 62\u003c\/p\u003e \u003cp\u003eThe Fraud Triangle 63\u003c\/p\u003e \u003cp\u003eWhere to Start 64\u003c\/p\u003e \u003cp\u003eMitigating Improper Behavior 67\u003c\/p\u003e \u003cp\u003eConclusion 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Going Global 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTaking Money around the World 71\u003c\/p\u003e \u003cp\u003eMoving the Money Offshore 72\u003c\/p\u003e \u003cp\u003eAvoiding Detection 74\u003c\/p\u003e \u003cp\u003eHistorical Basis for Money Laundering 75\u003c\/p\u003e \u003cp\u003eRole of Private Banking 76\u003c\/p\u003e \u003cp\u003eEnhanced Regulations 77\u003c\/p\u003e \u003cp\u003eThe Black Market Peso Exchange 79\u003c\/p\u003e \u003cp\u003eIncreasing Cooperation in Regulation 80\u003c\/p\u003e \u003cp\u003eRegional Distinctions 81\u003c\/p\u003e \u003cp\u003eGlobal Efforts 83\u003c\/p\u003e \u003cp\u003eThe Law Enforcement Focus 84\u003c\/p\u003e \u003cp\u003eConclusion 87\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Technology and Tomorrow 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Impact of Technology 89\u003c\/p\u003e \u003cp\u003eThe Next Phase of Money Laundering 91\u003c\/p\u003e \u003cp\u003eEverything Old Becomes New Again 92\u003c\/p\u003e \u003cp\u003eBeing Anybody You Want to Be 93\u003c\/p\u003e \u003cp\u003eWelcome to the Future 94\u003c\/p\u003e \u003cp\u003eSo What Is the AML Response? 94\u003c\/p\u003e \u003cp\u003eEvolution of AML Controls 96\u003c\/p\u003e \u003cp\u003eAdjusting to Rapidly Increasing Scale 97\u003c\/p\u003e \u003cp\u003eA Highly Flexible Methodology Results in Processes that Are Difficult to Stop 99\u003c\/p\u003e \u003cp\u003eAML Is a Process, Not a Destination 100\u003c\/p\u003e \u003cp\u003eAll Countries’ Regulatory Programs Are Not Equal 101\u003c\/p\u003e \u003cp\u003eTechnology and Offshore Havens Intersect 103\u003c\/p\u003e \u003cp\u003eThe Cost vs. the Benefit 104\u003c\/p\u003e \u003cp\u003eConsider the Pace of Change and Progress 105\u003c\/p\u003e \u003cp\u003eConclusion 106\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Discovery and Prevention 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEarly Warning Is Essential to AML 109\u003c\/p\u003e \u003cp\u003eProactive Means Active 110\u003c\/p\u003e \u003cp\u003eBy the Numbers 111\u003c\/p\u003e \u003cp\u003eParadigm Shift 112\u003c\/p\u003e \u003cp\u003eTesting Your Own AML Systems 114\u003c\/p\u003e \u003cp\u003eExpanding the Business Comparison 115\u003c\/p\u003e \u003cp\u003eThe Regulatory Framework 116\u003c\/p\u003e \u003cp\u003eHigh-Risk Areas 117\u003c\/p\u003e \u003cp\u003eMoney Laundering Meets Terror Financing 119\u003c\/p\u003e \u003cp\u003eHiding in Plain Sight 121\u003c\/p\u003e \u003cp\u003eCriminalizing the Concealment Activities 122\u003c\/p\u003e \u003cp\u003eCreating Financial Fronts 124\u003c\/p\u003e \u003cp\u003eKeeping the Money Moving 125\u003c\/p\u003e \u003cp\u003eKeeping the Tax Man Happy 126\u003c\/p\u003e \u003cp\u003eConclusion 128\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Terror Financing 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTerrorists Use Money Laundering Techniques 131\u003c\/p\u003e \u003cp\u003eSimilarities and Distinctions 132\u003c\/p\u003e \u003cp\u003eApplication of the Methodology to Terror Financing 133\u003c\/p\u003e \u003cp\u003eGlobal Impact of Financial Crimes 135\u003c\/p\u003e \u003cp\u003eAlternative Laundering Mechanisms 137\u003c\/p\u003e \u003cp\u003eRegulatory Responses 139\u003c\/p\u003e \u003cp\u003eConclusion 141\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Identifying Risk Exposures 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAML Exposures: Assessing Financial Institution Risk 143\u003c\/p\u003e \u003cp\u003eLanguage, Culture, and Ethnicity 144\u003c\/p\u003e \u003cp\u003eThe Legal Landscape 145\u003c\/p\u003e \u003cp\u003eGeography: Distance Matters 147\u003c\/p\u003e \u003cp\u003eThe Goal of the Launderer Is to Hide 147\u003c\/p\u003e \u003cp\u003eThe United States Takes a Different Approach 149\u003c\/p\u003e \u003cp\u003eLaundering Groups Seek to Evade Detection 151\u003c\/p\u003e \u003cp\u003eA Fractured Enforcement and Regulatory Picture 152\u003c\/p\u003e \u003cp\u003eThe Regulatory Position on Cyber Risks 152\u003c\/p\u003e \u003cp\u003eSimple Fraud, Still Successful 154\u003c\/p\u003e \u003cp\u003eConclusion 158\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Investigating Money Movement 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMoney Laundering Is Now Transnational Organized Crime 159\u003c\/p\u003e \u003cp\u003eSucceeding in the Investigative Process 160\u003c\/p\u003e \u003cp\u003eGovernment Access to Information 161\u003c\/p\u003e \u003cp\u003eMining Data for Money Laundering 163\u003c\/p\u003e \u003cp\u003eSome Products Help the Perpetrators 164\u003c\/p\u003e \u003cp\u003eInvestigating Virtual Payment Technologies 165\u003c\/p\u003e \u003cp\u003eLooking to the Future Investigative Issues 167\u003c\/p\u003e \u003cp\u003ePutting an Investigative Plan in Motion 169\u003c\/p\u003e \u003cp\u003ePeople Are Essential to Proof 170\u003c\/p\u003e \u003cp\u003eFinding Money Laundering Abroad 172\u003c\/p\u003e \u003cp\u003eMoney Laundering Exposure during the Financial Industry Consolidation 173\u003c\/p\u003e \u003cp\u003eConclusion 177\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Reporting and Recovery 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReporting to Law Enforcement 179\u003c\/p\u003e \u003cp\u003eHonest People Act Differently 180\u003c\/p\u003e \u003cp\u003eAnticipating Challenges with Cyber Recoveries 181\u003c\/p\u003e \u003cp\u003eBuilding Appropriate Controls into Online Payment Systems 183\u003c\/p\u003e \u003cp\u003eGlobal Coordination on Future Issues 185\u003c\/p\u003e \u003cp\u003eWeighing Access vs. Privacy 185\u003c\/p\u003e \u003cp\u003eCompliance Issues 187\u003c\/p\u003e \u003cp\u003ePutting Recovery Plans into Action 188\u003c\/p\u003e \u003cp\u003eConclusion 191\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 Conclusion 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAbout the Author 197\u003c\/p\u003e \u003cp\u003eIndex 199\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52278058090776,"sku":"9780470874752","price":29.98,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780470874752.jpg?v=1781457782","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/money-laundering-prevention-deterring-detecting-and-resolving-financial-fraud-hardback-9780470874752","provider":"Freshly Printed Books","version":"1.0","type":"link"}