4 of 4 people found the following review helpful
on 2 October 2008
At first sight, this book looks very daunting - very thick, small-type, few diagrams/ charts etc to break up the text. This should not discourage potential readers though as this is not a book that is designed to be read from cover to cover. Instead it is a reference book to have on your desk for specific sections to be dipped into when required and as such, it serves its purpose very well.
The book is split into three main sections: the first provides a brief but thorough overview of money laundering and terrorist financing, and the initiatives that have been taken to combat them. The second gives a summary of some of the key international players in the fight against money laundering and terrorist financing including the United Nations Security Council, the Financial Action Task Force, the European Union Commission, the Egmont Group, the Wolfsberg Group and FATF.
The third and by far the longest section gives an overview of the anti money laundering and counter terrorist financing measures adopted in over 40 jurisdictions worldwide including the US, the UK, Ireland, the Isle of Man, Jersey, Guernsey, Russia, Canada, Argentina, BVI, Cayman Islands, UAE, Singapore, Japan, Hong Kong, Australia, New Zealand and South Africa. These country-specific chapters do not all follow exactly the same format but broadly speaking, the information covered includes an overview of the key issues in that jurisdiction, legislation, regulatory requirements and contact details for the local anti money laundering agencies. As laws and rules change so frequently though, it would be best to check that the information provided remains up to date rather than relying on it blindly.
The various chapters are all written by experts on the particular aspect being covered and the editors have managed to gather together a most eminent group of contributors such as specialist lawyers and senior representatives of law enforcement agencies and industry associations (eg the EU Commission, FATF, the International Compliance Association and the Society of Trust and Estate Practitioners). Many contributors have also provided useful reading lists for further information.
All in all, a very useful reference guide for anyone involved in the fight against money laundering or terrorist financing.
1 of 1 people found the following review helpful
on 11 May 2013
It was published back in 2007 so 6 years on there are vast gaps in current state of affairs, good if you are interested in the history of AML pre financial crisis but in big need of an updated edition. Disappointing to pay so much for something this old.