Money Laundering and Terrorist Financing Activities: A Primer on Avoidance Management for Money Managers

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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 as well as suggest improvements to existing anti-MLA methods and procedures where appropriate. Money laundering occurs in every country. The significant factor is to diagnose illegal MLAs and apply regulations to mitigate them. To meet this objective, managers of financial institutions need to train their employees about anti-money-laundering processes and how to diagnose and prevent them. Anti-money-laundering activities can also affect financial systems of a country. MLAs can create a big gap between income classes. Money laundering can also decrease bank’s and financial institution’s credibility. This book will be of special interest to financial managers in the private and public sector and will also be a useful guide for those involved in international financial transactions.