Money Laundering Compliance

Tim Bennett (based in Switzerland and Hong Kong) is a practising English Solicitor and internationally respected expert on AML/CFT issues. He is Chief Executive of Belgrave Legal and also serves as executive director on the boards of a number of private companies and investment firms.

• 1. Introduction: FATF; The Core Principles, and Towards a ‘Cashless Society’ 2. The UK AML/CFT Framework – Background 3. The UK AML/CFT Framework - The Principal UK ML Offences 4. The UK AML/CFT Framework – Failure to Disclose and Tipping-Off5. The UK AML/CFT Framework: Tracing, Asset Recovery; Forfeiture; UWO6. The UK AML/CFT Framework – ML Regs 2017, JMLSG Guidance 2020, Company UBO Registers; Trust Registers/ Registration; Economic Crime (Transparency & Enforcement) Act 2022 7. The UK AML/CFT Framework – Technical Issues 8. Fiscal Offences, Foreign Tax Enforcement, FATCA; Whistleblowers and Data Leaks 9. EU Initiatives; AML Directives; UBO Registers; “the DACs”; the Impact of UK Brexit 10. Tax Transparency, Data Leaks, Theft and Penetration, TIEAs, OECD Automatic Exchange of Tax Information (“AEoI”); the Common Reporting Standard (“CRS”) 11. Customer Due Diligence (CDD): Compliance and the “Risk-Based Approach”; PEPs 12. AML/CFT RegTech: Databases; New Forms of CDD Verification (websites & Mobile Apps) e-Training and Qualifications 13. SAR (STR) Reporting Procedures; Post-SAR Dealings; DAML; Fines and Penalties 14. Sector Specific: Legal and Accountancy Professionals and Practitioners 15. Sector Specific (CSP Issues): Economic Substance; UBO Registers/FATF Rec 24; PSCs) 16: Sector Specific (Trustee, Executor and TSP Issues: Trust Registers/ FATF Rec 25) 17. Sector Specific: Banks, Family Offices, Investment Managers and Funds 18. Virtual/Crypto currencies/assets; VASPs; AML/CFT Aspects; Post-FTX Exchange Collapse 19. AML in Some Selected Non-UK Jurisdictions (Including their Company SC UBO Registers, Trust Registers, and Economic Substance Initiatives) 20. Bribery and Corruption; Russian/Oligarch Sanctions Lists (OFAC, EU, OFSI, etc) 21. Concerns, Predictions and Conclusions (and Further Reading)

...contains a wealth of information that will prove essential to practitioners who are operating in the sector. The chapters are precise and well written...an excellent text for students at both undergraduate and postgraduate level...I would highly commend this book to both practitioner's and students