Governments around the world have made the fight against money laundering and the financing of terrorism a priority.
Among its effort is the implementation of the Financial Action Task Force Recommendations, specifically Recommendation 1.
The FATF Recommendations (Recommendation 1) requires that countries mandate financial institutions and designated non-financial businesses and professions (DNFBPs), to adopt a risk-based approach to combating money laundering and terrorist financing.
This book aims to provide a clear understanding of what the risk-based approach involves.
In addition to this, it differentiates the risk-based approach from the rule-based approach and determines if the risk-based approach interferes with the human rights of high-risk customers.
Internationally, this book would be the first comprehensive book on the subject of the Risk-Based Approach.
This book would help financial institutions and designated non-financial institutions with any problem regarding the application of the risk-based approach.
Financial institutions/DNFBPs who implement the risk-based approach, in line with the guidance given in this book, will be well-placed to avoid the consequences of inappropriate de-risking behaviour.
Although there are quite a number of reference guides provided by the Financial Action Task Force to assist firms with the implementation of the risk-based approach.
Those publications focus mainly on the risk assessment principles.
This book is focused on both the principles and the practical aspect of its application.
This book is a must read for every professional specializing in the field of Anti-Money Laundering Compliance.
It is also a must read for every individual who intends to know more about the money laundering subject.
About the Author: Ehi Eric Esoimeme is the Deputy Practice Manager at Deji Sasegbon (SAN) and Co.
He also heads the publishing team.
His areas of expertise includes amongst others: comparative law, money laundering law, internat.
| Author | Ehi |
|---|---|
| His areas of expertise includes amongst others | Comparative law money laundering law internat |
Eric Press The risk-based approach to combating money laundering and terrorist financing, paperback/ehi eric esoimeme
