AML Basics

If you are new to the AML area, you should start here…

By Adam Davidson (© NYTimes) Earlier this month, I decided to see how hard it would be to set up my own offshore bank account. I figured it would be pretty difficult, because I’m not rich and don’t have a team of tax lawyers to oversee my money and because...
.prezi-player { width: 600px; } .prezi-player-links { text-align: center; }Illicit Financial Flows Around the World on Prezi A very informative presentation by Ann Hollingsheadto show the flow of illicit funds, globally.
Robert Mazur, author of “The Infiltrator”, spent five years working undercover for US customs, and was instrumental in bringing down Pablo Escobar's Medellin drug cartel. He gives and inside view of international money laundering. He gave a presentation on banking fraud, the audio of which can be accessed (click...
  Image inspired by the BBC example (bbc.co.uk) The allegations involving Standard Chartered and HSBC both centred on U-turn transactions. An international transaction where money transferred out of a country is immediately followed by an incoming transfer back into the country, without any obvious business rationale or logical explanation. More details on...
Preamble The continuing threat of money laundering through financial institutions is most effectively managed by understanding and addressing the potential money laundering risks associated with customers and transactions. Therefore, the Wolfsberg Group  has developed this Guidance to assist institutions in managing money laundering risks and further the goal of Wolfsberg Group...
Egmont Presentation from Gibraltar FSC Coverage: Gibraltar background Identifying AML/CFT risks in Gibraltar Emerging Financial products - New payment method Presentation link: click here