Money laundering and terrorist financing activities : a primer on avoidance management for money managers / Milan Frankl, Ayse Ebru Kurcer.
By: Frankl, Milan [author.]
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Contributor(s): Kurcer, Ayse Ebru [author.].
Material type: 
TextSeries: Finance and financial management collection: Publisher: New York : Business Expert Press, 2017Copyright date: ©2017Edition: First edition.General Notes: Available through the Business Expert Press e-library, which can be found on the Davenport University Library database page.Bibliography: Includes bibliographical references (pages 79-82) and index.Description: 1 online resource.Content type: text Media type: electronic Carrier type: online resourceISBN: 9781631575945; 9781631575938.Subject(s): Money laundering | Terrorism -- FinanceGenre/Form: Electronic books. DDC classification: 364.168 Online resources: Access full-text materials at no charge: | Item type | Current library | Collection | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| E-book | Davenport Library e-book | E-book | 364.168 (Browse shelf(Opens below)) | Not For Loan | mq610432 |
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Available through the Business Expert Press e-library, which can be found on the Davenport University Library database page.
Includes bibliographical references (pages 79-82) and index.
1. Background -- 2. Money laundering methods -- 3. Money laundering detection methods -- 4. Effects of money laundering on the macro economy -- 5. Suspicious transaction types -- 6. Organizations dealing with money laundering and terrorist financing -- 7. Two money-laundering cases -- 8. Corporate money-laundering events in USA -- 9. New place to launder money -- 10. Measures for preventing money laundering -- Conclusion and recommendations -- References -- Index.
The purpose of this book is to introduce the reader to mechanisms useful for detection and avoidance of money-laundering activities (MLAs) and terrorist financing and suggest improvements to existing MLAs where appropriate. Money laundering may occur in every country. The significant factor is to diagnose the illegal MLA and apply regulations to mitigate them. To meet this objective, managers of financial institutions need to train their employees about anti-money laundering (AML) processes and how to diagnose and prevent money laundering. AML activities can also affect the financial systems of a country. "Money laundering destabilizes the foundation of a nation's financial system by reducing tax revenues and impeding fair competition by ultimately disrupting economic development" (World Compliance, 2008). MLAs can create a big gap between income classes. Money laundering can also decrease banks' or financial institutions' credibility. "In practice, criminals are trying to disguise the origins of money obtained through illegal activities so that it looks like it was obtained from legal sources" (Layton, 2005). This book may be of special interest to financial managers in the private and public sector. It also may be a useful guide for those involved in international financial transactions.
Description based on online resource; title from PDF title page (viewed on December 17, 2016).
Description based on online resource; title from PDF title page (viewed on December 17, 2016).
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