Anti-money Laundering Handbook; A Business Guide to Complying with the AML/CTF Legislation

Financial organisations around Australia and their advisers must address the challenges of complying with the requirements of the Anti-Money Laundering and Counter Terrorism Financing legislation. Being effectively organised now is essential, as good practice and implementation will minimise risk and transgression. Going forward, a widening range of activities will be under scrutiny, and no adviser or designated service provider should be unprepared. Anti-Money Laundering Handbook helps you be prepared. Authors Alison Deitz (partner, Deacons) and John Buttle (Managing Director, Protiviti) are experts in this new area of practice, guiding organisations and advisers through their introduction of AML procedures, to ongoing maintenance of best practice standards. Major topics covered by Deitz and Buttle in Anti-Money Laundering Handbook are: - International money laundering and terrorism financing countermeasures, laws and standards – setting the scene - Australian AML/CTF laws and countermeasures – including the role of AUSTRAC - Establishing and maintaining successful AMLICTF systems and controls – addressing corporate strategy, a risk-- based approach, due diligence, AML/CTF programs and reporting - Penalties and offences - Review of specific industries, including Industry-specific typologies/ case studies - Glossary of terms and definitions.