Money Laundering

A Concise Guide for All Business

Doug Hopton

• Publisher: Routledge
• Year: 2020
• ISBN:
  9781000152654
• Edition: 2
• Topic: Business
• Subtopic: Business General
• Index: Business

Worldwide, anti-money laundering regulations and legislation have become one of the weapons of choice of governments that are fighting global terrorism and criminality. In this updated edition of Money Laundering, Doug Hopton explains how The Money Laundering Regulations 2007 have extended even further the range of UK businesses covered by the Proceeds of Crime Act to include solicitors, lawyers, accountants, estate agents, high value dealers, trust or company service providers and, in effect, many other companies involved in consultancy or business services. The complexity of the new laws and the limited amount of any case law asks more questions about the responsibilities of these companies and their liabilities. Doug Hopton's highly practical guide explains the basis of international law, regulations and standards in this area and how they affect businesses; and provides down-to-earth advice on the basic rules of good business management: customer due diligence, know your business (and your client's business), which will help companies understand what procedures to establish, and how and when to report suspicious activity. The author explains the basis of money laundering and how it works, along with the development of the law and regulations around the world, and how other countries' laws can affect UK companies.

Table of contents

• Cover
• Half Title
• Title Page
• Copyright Page
• Contents
• Chapter 1 Introduction to Money Laundering
• Chapter 2 International Development of Law and Regulation
• Chapter 3 Financial Action Task Force (FATF)
• Chapter 4 European Directives
• Chapter 5 US Legislation
• Chapter 6 UK Legislation
• Chapter 7 Proceeds of Crime Act 2002 – Part 7: Requirements and Offences
• Chapter 8 Proceeds of Crime Act 2002 – Other Areas
• Chapter 9 Terrorism Act 2000 – Requirements and Offences
• Chapter 10 Money Laundering Regulations 2007
• Chapter 11 How to Implement in Practice the UK Anti-Money Laundering Legislation and Regulations – General Review
• Chapter 12 Customer Due Diligence (CDD)
• Chapter 13 Record-keeping
• Chapter 14 Reporting Requirements
• Chapter 15 The Role of the Money Laundering Reporting Officer (MLRO)
• Chapter 16 The Money Laundering Reporting Officer’s Annual Report
• Chapter 17 Awareness and Training
• Appendix 1: Relevant Persons
• Appendix 2: Regulation 13
• Appendix 3: Meaning of Customer Information
• Appendix 4: Terrorism Act 2000 as amended by the Anti-Terrorism, Crime and Security Act 2001
• Appendix 5: The Forty Recommendations
• Appendix 6: Special Recommendations on Terrorist Financing
• Appendix 7: Politically Exposed Persons
• Appendix 8: Meaning of Beneficial Owner
• Appendix 9: JMLSG MLRO Annual Report Template
• Index
• About the Author
• About DTH Associates