PDF-(BOOS)-Trade-Based Money Laundering (Wiley and SAS Business Series)

Uncover the financial fraud that funds terrorist organizations TradeBased Money Laundering is an authoritative examination of this burgeoning phenomenon now coming under scrutiny in the War on Terror This book walks you through the signs and patterns of tradebased money laundering TBML to help you recognize it when it occurs and shows you how data and analytics can be used to detect it Youll learn the common value transfer techniques including invoice fraud overandunder invoicing and misrepresentation and learn why analytic detection systems have yet to be implemented despite the existence of copious data Case studies from around the world highlight the reallife implications of the concepts and processes presented in the text giving you a firsthand view of the mechanisms at work inside this expanding illegal marketTradebased money laundering uses trade to convert large quantities of illicit cash into less conspicuous assets or commodities to evade financial transparency laws and regulations As an ideal funding mechanism for terrorist groups the practice is getting more attention even as it increases in scale and spread This book takes you deep inside TBML to better arm you against its occurrenceLearn the typical value transfer techniques of TBML Examine case studies detailing international examples Discover why institutions have failed to implement detection systems Explore ways in which analytics can identify TBML According to the US State Department TBML has reached staggering proportions in recent years and is considered by many to be the next frontier of international money laundering enforcement TradeBased Money Laundering gives you a battle plan with expert insight and realworld guidance. 23 September 2014. Contents. 1 What is money laundering?. 2. The ‘primary’ money laundering offences. 3. Failure to report and tipping off. 4. The Money Laundering Regulations 2007. 1. What is money laundering?. Presented By. Raunak. Jain. INTRODUCTION :. “. Earth provides enough to satisfy every man's need, but not every man's greed”. Man’s . greed for more money is the root cause for money laundering. . Trade-Based . Money Laundering . Generates corruption and crime. Loss . of tax . revenue (evasion of . the customary . fees and . taxes paid by law-abiding . importers, e.g. bank fees, sales taxes, importation taxes). What is money laundering?. It is a process of making dirty money clean.. Money is moved around the financial system again and again in such a manner that its origin gets hidden.. Money generated from illegitimate source is converted into that derived from a legitimate source .. Quality of Intelligence and Investigation. Ian . D. avidson. The Problem. “. Systematic quantitative or qualitative data that would provide defensible bases for assessments and recommendations are not now available for most countries, nor likely to be available in the foreseeable . “Fight against organised crime and corruption: strengthening the prosecutors’ network”. March4th-7. th. . 2014, Skopje, Macedonia . Mona . Konecny. , Public Prosecution Office, Vienna, Austria. “Fight against organised crime and corruption: strengthening the prosecutors’ network”. March4th-7. th. . 2014, Skopje, Macedonia . Mona . Konecny. , Public Prosecution Office, Vienna, Austria. 46 Volume 4 • Issue 1 regulated businesses Money laundering – concealing the origins of illegally ob - tained funds – is not new. But the focus on money laundering by governments, . Enforcement Directorate. Ahmedabad. , 21. st. Feb 2015. Money Laundering…... . Process by which illegal funds and assets are converted into legitimate funds and assets.. The Need for Money Laundering Act . Anti-money laundering - what you need to know. Why does preventing money laundering matter? . Not a victimless crime. Organised crime has a massive impact on the prosperity of the UK. Reputational risk to the legal sector . BY SALIM THOBANI. MEEZAN BANK LTD. Workshop Flow. Introduction and Objectives Of the Workshop. Process Of Anti Money Laundering. Practical Implementation of AML-Trade in Trade Products. AML Triggers and Red Flags. Esther Aikiriza Kagira ,. Manager, Strategic Analysis AND STATISTICS. Financial Intelligence Authority -UGANDA. Structure of Presentation. Role of Financial intelligence Authority. Money Laundering (ML) and Terrorism Financing (TF)/PF. 2. Introduction. 3. Objectives . What is Money Laundering & Sanctions?. Understand what are the PMLA regulatory obligations. Understand the Key Components of AML and Sanctions compliance program. Trade-Based . Money Laundering . Generates corruption and crime. Loss . of tax . revenue (evasion of . the customary . fees and . taxes paid by law-abiding . importers, e.g. bank fees, sales taxes, importation taxes).