Product Description
Contents:
1. What is Money Laundering?
What is Money?
Comparing financial crime and other crime
Counterfeit Currency
Billy follows Willy
2. Who Launders Money?
3. What sort of money is laundered?
USA Mob Rule
The influence of drugs
Incas of tiredness, chew one leaf
Predicate Crime
Prostitution
Fraud
Financial Crime
Tax evasion
Customs and Excise Frauds
Benefit Fraud
Prescription and Healthcare Fraud
Housing Fraud
Counterfeit goods
4. Fraud
Directory fraud
Employee Fraud
The stationery scam
The other stationery scam
The Nigerian Scam
Advance Fee Fraud
If it looks too good....II
Standby letters of credit
Mortgage fraud
Other lawyer fraud
Fraud in Fiduciary Relationships
Russians buying cars
Representative Offices of oversea banks.
Card Fraud
Cheque Fraud
Commercial Fraud
Internet Fraud
Other Computer Crime
A very serious note.
5. The Commonalities of Fraud and Money Laundering
Introduction to the problems of recovery
6. Financial Sector Regulation in the UK
Action plan for basic internal controls
on tracing proceeds of crime...
7. Confidentiality and Secrecy in the Banking and Professional Sectors
8. The Law
Offences in England and Wales
The obligation to report a person suspected of money laundering
Tipping off
Drugs Trafficking
Concealing or transferring proceeds of drug trafficking
Assisting another to retain the benefit of drug trafficking
Constructive Trusts
Use of proceeds of Drug Trafficking
Penalties
Investigations into drug trafficking
Terrorism
The Prevention of Terrorism (Temporary Provisions)Act 1989
The Criminal Justice Act, 1993
Offences not related to drugs or terrorism
Criminal Justice Act 1993
Jurisdiction (includes international effect)
Confiscation Orders
Proceeds of Crime Act 1994
Money laundering and other offences
Acquiring etc. proceeds of criminal conduct
Concealing etc. proceeds of criminal conduct
9. Money Laundering Regulations 1993 (UK)
Record Keeping: a practical note
10. Creating systems
Risk Avoidance
Risk Management
Awareness Campaign
Training
Updates
Systems design
Corporate Culture Change
Systems implementation
Systems monitoring
Corrective action
11. Compliance with the UK Regulations
How do you go about setting up a compliance system?
Train relevant staff to identify money laundering and in the steps to take if they make an identification
Create and implement a system for identifying every applicant for business to whom The Regulations apply
Create a system for retaining the records of identification
Create and maintain a system for the making of reports to a nominated person within the organisation
Appoint a nominated person to receive reports and to consider those
reports and decide upon appropriate action to take with regard thereto
Monitoring
12. Money Laundering Techniques
Airline Tickets
Gift Vouchers
Shop returns
Cheque Cashing
Lottery/gaming tickets
Goods
Cigarettes and spirits
Anonymous Bank Accounts
Owning a bank
Parallel Banking
Internet Banking
e-money
13. Recognising the money launderer
The "Jeanetic" Theory of Financial Crime
Wilful Blindness
The case of Bank Leu
Wilful Blindness, part one
International effect of laws
Global planning for risk management
Wilful Blindness, part two
The rôle of the expert witness
The Characteristics of the money launderer
14 Laundering and the Euro
15. AT RISK GROUPS
Accountants
Antiques, Art and Stamp dealers
Auditors
Bankers / finance houses/ Building Societies
Bureaux de change
Car dealers
Doctors / other medical staff
Private Health Care
Drugs Counselling
Estate Agents
Insolvency practitioners / Receivers
Insurance Brokers
Journalists
Pawnbrokers
Priests
Printers / bookshops
Publicans
Regulatory Body Employees
School teachers / Matrons
Solicitors
Stockbrokers / money dealers
Trading Standards Officers
16 Other Jurisdictions
Belize
The Republic of Ireland
Niue
Slovenia
United States of America
- Jurisdiction over the Currency
United Nations.
- Common Law model.
- The Civil Law model
Case Studies
1. What is Money Laundering?
What is Money?
Comparing financial crime and other crime
Counterfeit Currency
Billy follows Willy
2. Who Launders Money?
3. What sort of money is laundered?
USA Mob Rule
The influence of drugs
Incas of tiredness, chew one leaf
Predicate Crime
Prostitution
Fraud
Financial Crime
Tax evasion
Customs and Excise Frauds
Benefit Fraud
Prescription and Healthcare Fraud
Housing Fraud
Counterfeit goods
4. Fraud
Directory fraud
Employee Fraud
The stationery scam
The other stationery scam
The Nigerian Scam
Advance Fee Fraud
If it looks too good....II
Standby letters of credit
Mortgage fraud
Other lawyer fraud
Fraud in Fiduciary Relationships
Russians buying cars
Representative Offices of oversea banks.
Card Fraud
Cheque Fraud
Commercial Fraud
Internet Fraud
Other Computer Crime
A very serious note.
5. The Commonalities of Fraud and Money Laundering
Introduction to the problems of recovery
6. Financial Sector Regulation in the UK
Action plan for basic internal controls
on tracing proceeds of crime...
7. Confidentiality and Secrecy in the Banking and Professional Sectors
8. The Law
Offences in England and Wales
The obligation to report a person suspected of money laundering
Tipping off
Drugs Trafficking
Concealing or transferring proceeds of drug trafficking
Assisting another to retain the benefit of drug trafficking
Constructive Trusts
Use of proceeds of Drug Trafficking
Penalties
Investigations into drug trafficking
Terrorism
The Prevention of Terrorism (Temporary Provisions)Act 1989
The Criminal Justice Act, 1993
Offences not related to drugs or terrorism
Criminal Justice Act 1993
Jurisdiction (includes international effect)
Confiscation Orders
Proceeds of Crime Act 1994
Money laundering and other offences
Acquiring etc. proceeds of criminal conduct
Concealing etc. proceeds of criminal conduct
9. Money Laundering Regulations 1993 (UK)
Record Keeping: a practical note
10. Creating systems
Risk Avoidance
Risk Management
Awareness Campaign
Training
Updates
Systems design
Corporate Culture Change
Systems implementation
Systems monitoring
Corrective action
11. Compliance with the UK Regulations
How do you go about setting up a compliance system?
Train relevant staff to identify money laundering and in the steps to take if they make an identification
Create and implement a system for identifying every applicant for business to whom The Regulations apply
Create a system for retaining the records of identification
Create and maintain a system for the making of reports to a nominated person within the organisation
Appoint a nominated person to receive reports and to consider those
reports and decide upon appropriate action to take with regard thereto
Monitoring
12. Money Laundering Techniques
Airline Tickets
Gift Vouchers
Shop returns
Cheque Cashing
Lottery/gaming tickets
Goods
Cigarettes and spirits
Anonymous Bank Accounts
Owning a bank
Parallel Banking
Internet Banking
e-money
13. Recognising the money launderer
The "Jeanetic" Theory of Financial Crime
Wilful Blindness
The case of Bank Leu
Wilful Blindness, part one
International effect of laws
Global planning for risk management
Wilful Blindness, part two
The rôle of the expert witness
The Characteristics of the money launderer
14 Laundering and the Euro
15. AT RISK GROUPS
Accountants
Antiques, Art and Stamp dealers
Auditors
Bankers / finance houses/ Building Societies
Bureaux de change
Car dealers
Doctors / other medical staff
Private Health Care
Drugs Counselling
Estate Agents
Insolvency practitioners / Receivers
Insurance Brokers
Journalists
Pawnbrokers
Priests
Printers / bookshops
Publicans
Regulatory Body Employees
School teachers / Matrons
Solicitors
Stockbrokers / money dealers
Trading Standards Officers
16 Other Jurisdictions
Belize
The Republic of Ireland
Niue
Slovenia
United States of America
- Jurisdiction over the Currency
United Nations.
- Common Law model.
- The Civil Law model
Case Studies
From the Author
First published in 1996 with this, the second edition in 1998, this work
was far ahead of its time. It described how money launderers identify
targets - people, organisations and products and services, explained why
the US dollar would fall in importance, how risk awareness and
management was more important than simple compliance and why
organisations fail to manage risk, why internet crime is easy to commit
and therefore going to become a significant source of laundered funds
and much more.
Written by lawyer Nigel Morris-Cotterill in a highly accessible style for non-lawyers the book sold all over the world, selling out both editions. This 2010 e-reprint omits an annex of legislation which is now out of date but is otherwise the original, ground-breaking, work.
Written by lawyer Nigel Morris-Cotterill in a highly accessible style for non-lawyers the book sold all over the world, selling out both editions. This 2010 e-reprint omits an annex of legislation which is now out of date but is otherwise the original, ground-breaking, work.
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