Product Description
The indictment alleges conspiracy to commit theft of programs receiving Federal funds, by converting to their own use and the use of others property and funds of Okaloosa County and of the Sheriff's Department (Title 18, United States Code, Section 371 - Count One); stealing, fraudulently obtaining, converting to the use of others, and misapplying over $5,000 of those funds (Title 18, United States Code, Sections 666, - Counts Two, Three); conspiracy to commit money laundering (Title 18, United States Code, Sections 1956(a)(1)(i), (B)(i), and (B)(ii) - Count Four); engaging in monetary transactions and property derived from specified unlawful activity (money laundering) (Title 18, United States Code, Sections 1957, 2 - Count Five); and conspiracy to commit theft of honest services by means of wire fraud (Title 18, United States Code, Section 1349 - Count Six). ... Read more

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What happens when money obtained from criminal activities iseither used for illegal purposes or for the infiltration of the `legalunderworld' via seemingly legal investments (`dirty money') or both?Over the past few years, the Netherlands Antilles and Aruba have facedthe mounting criticism that they are too often misused by criminalsfor money laundering purposes. Fighting Money Laundering addresses the new NetherlandsAntillean legislative response to this charge and offers suggestionsfor its improvement in the prevention of money laundering. Topics ofcoverage include+the scope of the problem, +preventative and repressive legislation, +the role offinancial institutions and specialised advisors, +the processof reporting unusual transactions, +the penalization of legalentities, +Dutch High Court jurisprudence, and +banksecrecy and other secrecy obligations. This work alsoexamines the International Agreements and the legal situation in theUnited States. It sets out all of the information in a manner gearedtoward ready comparison with legislation in the reader's own country.Fighting Money Laundering is the only book to describe thecurrent money laundering situation in the Netherlands Antilles andAruba. As such, it is a primary reference manual for staff offinancial institutions, government personnel, law enforcementofficials, accountants, and legal practitioners, all of whom must beprepared to confront aspects of money-laundering in their work.Fighting Money Laundering provides information onprofessional standards which may be used for consultation in assessinga money laundering situation or considering ways to address theproblem. ... Read more

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This book is a summary of the elements of federal criminal money laundering statutes and sanctions imposed for their violation. The most prominent is 18 U.S.C. 1956. Section 1956 outlaws four kinds of money laundering - promotional, concealment, smurfing, and tax evasion laundering, associated specified unlawful activities (designated federal, state and foreign underlying or predicate offences) - committed or attempted under one or more of three jurisdictional conditions (ie: laundering involving certain financial transactions, laundering involving international transfers, and stings).Its companion, 18 U.S.C. 1957, prohibits depositing or spending more than $10,000 of the proceeds from a section 1956 predicate offence. Violations of section 1956 are punishable by imprisonment for not more than 20 years; section 1957 carries a maximum penalty of imprisonment for 10 years. Property involved in either case is subject to confiscation. The text of the statutes discussed, citations of state money laundering and money transmission statutes, a list of section 1956 predicate offences, and a bibliography are appended. ... Read more

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This new book will be an invaluable and authoritative guide on money laundering regulation and legislation in the context of the UK legal framework. In particular it deals with money laundering from both the compliance and offence based points of view. It sets out the most relevant legislation including POCA 2002, Money Laundering Regulations 2003, and the Terrorism Act 2000. It analyses the EU and international position in relation to money laundering and provides a detailed perspective as to how this impacts upon the UK making this book a highly practical and essential tool for any solicitor/ barrister working on a case.Aimed at solicitors, barristers and judges; accountants and tax planners; financial service providers; auctioneers; post-graduate students; and reference libraries in the UK and worldwide. It is to be used for desk research, or for use when involved in a case involving money laundering, or involved with suspicious money laundering activity in the workplace. ... Read more

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In the drive to halt funding terrorist activity, control of money laundering activity has risen high on the Government's agenda.The Money Laundering Regulations 2003 expand the Regulator's already wide powers.Failure to comply with anti-money laundering provisions prevents businesses functioning properly, carries severe financial penalties and can result in serious criminal sanctions.

The 2003 Regulations require regulated companies to ensure they:
. put in place proper identifying, recording and reporting procedures;
. appoint a Money Laundering Reporting Officer;
. make staff aware of the Regulations and the Proceeds of Crime Act 2002;
and
. provide proper training

Given the severity of the sanctions, it is essential that you are aware of your obligations.Using flowcharts, diagrams, checklists and bullet points, this timely and user-friendly manual shows you how to comply fully and effectively.

Money Laundering: Business Compliance:
. shows you how to spot activities that must be reported;
. alerts you to when and how you must report and to do so within minimum business interruption;
. demonstrates how to ensure compliance with the regulatory framework;
. gives details on correct training procedures;
. tells you how to avoid falling foul of the stringent rules against tipping off; and
. arms you with the knowledge to avoid the pitfalls.

This book is essential reading for MLROs, directors, compliance officers, risk officers, finance directors and accountants, company secretaries and all those within the regulated sector.With its uniquely practical approach and hands-on guidance, it should be he first port of call for all those wanting to understand the regulations and the guidance notes.Bazley and Foster bring experience and inside knowledge of the Regulations and potential pitfalls in practice, and provide simple tips to help companies avoid liability for money laundering. ... Read more

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Irish Law. This new title provides a comprehensive guide to the law (focussing on both statutory and common law liability) and the compliance regime. It also deals with both the confiscation regime and CAB. The book is written in a style that is accessible to compliance officers in institutions.Please note Bloomsbury Professional acquired this title from First Law in July 2010. ... Read more

Product Description
Money laundering law and practice is found in three branches of the law - criminal, civil and regulatory.Often these are approached separately but the authors of Graham, Bell and Elliott Money Laundering believe that a full understanding of the issues requires dealing with all three areas at once while remaining sensitive to the connections between them.

In recent years there have been major developments that make this new work both timely and important.The new Proceeds of Crime Act 2002 creates a much strengthened set of money laundering offences which are expected to be extensively used by prosecutors.The creation of the Assets Recovery Agency, with new powers to seek the civil recovery of the proceeds of crime, significantly enhances the scope of action that may be taken against property suspected to be derived from criminal conduct.

In addition, there have been significant changes to the regulatory components of UK money laundering law brought about by the introduction of the FSA's Money Laundering Sourcebook, amendments to the Money Laundering Regulations 1993 and enhancements to the Joint Money Laundering Steering Group's Guidance Notes.These are all covered in this book.

This key new work is designed for the non-specialist and specialist practitioner alike, offering a complete overview of all these and other important topics.The precise and wide-ranging nature of the new burdens which the law imposes on practitioners makes keeping up essential in the proceeds of crime field.Graham, Bell and Elliott Money Laundering meets that need.

Money Laundering Reporting Officers ('MLROs'), compliance officers, senior officers with FSA approval, lawyers and accountants will all find this book essential.It is written in a clear, practical style, and is right up-to-date, with legislation included up to 31 January 2003. ... Read more

Product Description
Estimates of dirty money range from 300 to 500 thousand million US dollars available each year for money laundering. It is obvious that these huge quantities of money, often linked with organised crime, threaten the stability of financial institutions and, ultimately, democracy and the rule of law. The international community has gradually reacted to this threat by taking several measures to counteract money laundering ever since the Committee of Ministers of the Council of Europe adopted a recommendation on the subject in 1980. This book describes how these measures have been adopted and implemented by various international fora such as the Council of Europe, the United Nations, The European Union and the Financial Action Task Force. ... Read more

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Contains thirteen national reports and the general report onMoney Laundering and Banking Secrecy. The reports werewritten for the XIVth Congress of the International Academy ofComparative Law which was held in 1994 in Athens, Greece. As narcotics trafficking exploded in the 1980s, it was realized thatmoney laundering had become a threat to the entire integrity of thefinancial system. The international trend to regard money launderingas a serious threat to the stability of democracy and the rule of lawfound expression in the adoption of the 1988 United Nations DrugsConvention. Gradually, the international community diverged from itstraditional, narrow approach whereby only the laundering of drugproceeds was considered a threat. In order to combat money launderingefficiently, it soon became clear that criminal law was not sufficientand that it was necessary for banks and other financial institutionsto co-operate with law enforcement agencies. The banking community isnow obliged to report suspicious transactions, which they often regardas going beyond their role as bankers. The issue of bank secrecy hasplayed an important role in the discussion between law enforcementagencies and the banking community. Both the Council of EuropeConvention on Laundering Search, Seizure and Confiscation of theProceeds from Crime and the UN Drugs Convention require that banksecrecy should not be an obstacle to international co-operation. Atthe national level the seizure of bank records should not be hinderedby bank secrecy. ... Read more

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1998 - Paladin Press - 1st Edition - Paperback - The Art & Science of Money Laundering : Inside the Commerce of the International Narcotics Traffickers - By Brett F. Woods - Very Rare - Out of Print - Paladin Press Edition - Collectible - Get it now! ... Read more

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Financial institutions, as gateways to the financial system, to economic power and possibilities, are one of the major vehicles for money laundering and therefore also represent an important means to prevent this type of crime. The compliance officer symbolises a part of this private investment in anti money laundering (AML) and as a bank employee is responsible for the implementation of governmental objectives, trapped between crime fighting objectives and commercial goals. The duality of the involvement of private partners in the AML complex and the vastness of the system serves as a background for a new book looking at the functioning, values and perceptions of actors within this system.

With thorough analysis of original empirical date, Verhage provides a rich and illustrative insight in the world of compliance officers and the sometimes paradoxical AML system that they have to work within.

Product Description
This digital document is an article from Review of Business, published by St. John's University, College of Business Administration on September 22, 2002. The length of the article is 4284 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: September 11 brings new anti-terrorism and anti-money laundering responsibilities to financial institutions.
Author: John J. Ensminger
Publication: Review of Business (Refereed)
Date: September 22, 2002
Publisher: St. John's University, College of Business Administration
Volume: 23Issue: 3Page: 29(6)

Distributed by Thomson Gale ... Read more

Product Description
The past fifteen years witnessed the emergence globally of a plethora of legislative measures aimed at countering money laundering. These developments have been inextricably linked with the growing international focus on newly perceived and/or prioritised global security threats such as organised crime and terrorism ¿ with money laundering counter-measures deemed essential to counter these threats. Taking these developments into account, this book examines in detail the evolution and content of money laundering counter-measures in the European Union. These measures constitute a new paradigm of security governance, achieved through three principal methods: criminalisation, consisting in the emergence ofnew criminal offences; responsibilisation, consisting in the mobilisation of the private sector to co-operate with the authorities in the fight against money laundering; and the emphasis on the administration of knowledge, through the establishment of new institutions, the financial intelligence units, with extensive powers to administer a wide range of information provided by the private sector.This paradigm may pose significant challenges to fundamental legal principles and to well-established social structures and the book attempts to address this balance. This up-to-date analysis includes the provisions of the new EU money laundering Directive which was formally adopted in December 2001. ... Read more

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Money laundering is a global problem. It involves hundreds of billions of dollars, and it is proof that crime pays. According to the United Nations Office on Drugs and Crime, money laundering can erode a nation's economy and it can adversely affect the global stability of financial markets. After the 9/11 terrorist attacks on the United States, the concept of money laundering was expanded to include the financing of terrorism. The basic idea behind this book is that if you don't know what you are looking for, you are not going to find it. By way of illustration, few people realise that cigarette smuggling, certain charitable organisations, internet solicitations, as well as investments in legitimate businesses have been used to finance terrorists. This book will help you figure out what to look for in terms of money laundering and financing terrorism, but it cannot provide all of the answers in an ever changing setting. ... Read more

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How to Combat Money Laundering and Terrorist Financing, a guide to regulatory best practice.The war against money laundering, like the war on terrorism and the war on fraud, is not going to go away. Financial regulators and central banks around the world are in the front line of these "wars".Governments, led by the United States, have stepped up further their demands that all jurisdictions apply international standards and norms - and enforce them effectively. But this is easier said than done. With the best will in the world, regulators often find these requirements very difficult to implement in practice.This new reference guide will assist regulators in designing a successful anti money laundering regime, complying with international standards and implementing them effectively, and it will help them to avoid being blamed for failures. It is edited by Richard Pratt, former director general of the Jersey Financial Services Commission, and now a regulatory consultant with experience of advising on and conducting assessments of anti money laundering systems for countries around the world.How to Combat Money Laundering and Terrorist Financing draws on expertise from around the world to cover all topics of practical concern to regulators charged with combating money laundering and the financing of terrorism. The purpose and scope of anti money laundering regulations - understanding the need for effective AML regulations, the risks that money laundering poses, and the challenges of creating an effective and integrated anti money laundering regime.Know your customer - how can this concept be implemented in an intelligent and practical way, from the perspective of regulators and regulated institutions.A risk-based approach - how supervisors and firms can focus their efforts on the most at-risk areas, without overburdening other institutions and clients with unnecessary regulations. Preventing the abuse of payment systems - dealing with the threats facing this critical area, and confronting challenges posed by new developments such as hawala transfers and electronic money.International standards - a comprehensive assessment of how both nationally-based and international standards impact on the work of regulators, including the extraterritorial implications of US standards. Demonstrating compliance - how to build and defend your reputation for a robust and effective anti money laundering regime, including what evaluators from international agencies will look for and how to prepare for their visit.Contributors include: John Aspden, chief executive of the Financial Supervision Commission in the Isle of Man;William Rybeck, deputy chief executive of the Hong Kong Monetary Authority; Barry Johnston and Terence Donovan, International Monetary Fund; Giuseppe Maresca, director general of the financial crime department, Italian Ministry of Finance;John Moscow, former prosecutor in the New York District Attorney's Office; Hans-Peter Bauer, chairman of the Wolfsberg Group and former head of regulatory relations at UBS. ... Read more

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Intended as a comprehensive reference for professionals, this book covers the key anti-money laundering areas to enable you to be compliant with regimes and prepared for new legislation. ... Read more

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Responding to Money Laundering has its origin in the International Conference on Preventing and Controlling Money Laundering and the Use of Proceeds of Crime: A Global Approach organised by ISPAC, the International Scientific and Advisory Board of the United Nations in co-operation with the Crime and Justice Branch of the United Nations under the auspices of the Italian Government. This conference has been a milestone in the recent international debate on money laundering. Some of the main papers presented are substantially revised and collected in this book making a major contribution to the development of expertise in the field. Divided into two sections -- "Trends and Implications" and "Tuning the Instruments" -- the chapters develop an analysis of the different aspects of the money laundering problem and attempt to tune the instruments for combating them.
Globalization of the problem calls for globalization of the responses. By presenting a wide range of different approaches and ... Read more