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    Money Laundering: business compliance
    Money Laundering: business compliance
    Money Laundering: business compliance
    Ebook328 pages8 hours

    Money Laundering: business compliance

    By Stuart Bazley and Caroline Foster

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    About this ebook

    Money Laundering: Business Compliance is a timely and user-friendly manual that shows you how to comply fully and effectively with the Money Laundering Regulations 2003. 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.

    Using flowcharts, diagrams, checklists and bullet points, this book explains how you can spot activities that must be reported. It 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. With its uniquely practical approach and hands-on guidance, the book should be the first port of call for all those wanting to understand the regulations and the guidance notes.

    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.

    LanguageEnglish
    PublisherElsevier Science
    Release dateJul 1, 2004
    ISBN9780080943862
    Money Laundering: business compliance
    Author

    Stuart Bazley

    Stuart Bazley is the Managing Director of Compliance Services at the Momenta Group. Stuart is a Barrister and holds a Masters degree in Banking and Securities Law. He has worked in the Financial Services Industry for over 20 years, including five years as Head of Compliance and UK General Counsel for Edward Jones Ltd, one of the largest US private client stockbrokers. Stuart has considerable experience of a wide range of regulatory matters, including conduct of business rules, economic crime, money laundering and enforcement actions. Stuart has worked closely with APCIMS (the trade association for private client stockbrokers an fund managers) on their regulatory committee and money laundering advisory group. Lecturing extensively on Financial Services regulation in the UK and abroad, he is co-author of ‘Risk Based Compliance’, published by Butterworths

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