Politically Exposed Persons

Author : Theodore S. Greenberg,Larissa Gray,Delphine Schantz,Carolin Gardner,Michael Latham
Publisher : World Bank Publications
Page : 122 pages
File Size : 40,5 Mb
Release : 2010-04-19
Category : Business & Economics
ISBN : 0821383337

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Politically Exposed Persons by Theodore S. Greenberg,Larissa Gray,Delphine Schantz,Carolin Gardner,Michael Latham Pdf

In recent years, revelations of grand corruption and the plunder of state assets have led to greater scrutiny of financial relationships with politically exposed persons (PEPs) senior government officials and their family members and close associates. Notwithstanding the efforts by many financial institutions and regulatory authorities to prevent corrupt PEPs from entering and using the financial system to launder the proceeds of corruption, there has been an overall failure in the effective implementation of international standards on PEPs. Implementation of an effective PEP regime is a critical component in the prevention and detection of transfers of proceeds of crime and, therefore, ultimately in the process of recovering them. 'Politically Exposed Persons: Preventive Measures for the Banking Sector' is designed to help banks and regulatory authorities address the risks posed by PEPs and prevent corrupt PEPs from using domestic and international financial systems to launder the proceeds of corruption. The book provides recommendations and good practices aimed at improving compliance with international standards and increasing supervisory effectiveness. It is an important tool for individuals, governments, financial and private sector companies, and international organizations involved in developing and implementing standards aimed at fighting corruption and money laundering, and trying to recover stolen assets and the proceeds of corruption.

Author : D. Chaikin,J. Sharman
Publisher : Springer
Page : 234 pages
File Size : 48,9 Mb
Release : 2009-06-22
Category : Political Science
ISBN : 9780230622456

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Corruption and Money Laundering by D. Chaikin,J. Sharman Pdf

Through a policy and legal analysis, this book shows how corruption facilitates money laundering, and vice versa. Furthermore, it demonstrates specifically how the responses developed to combat one type of financial crime can productively be employed in fighting the other.

Author : John Hatchard
Publisher : Edward Elgar Publishing
Page : 328 pages
File Size : 42,6 Mb
Release : 2020-10-30
Category : Law
ISBN : 9781789905304

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Combating Money Laundering in Africa by John Hatchard Pdf

This insightful book critically explores the political, constitutional, legal, and economic challenges of effectively combating the laundering of the proceeds of crime by politically exposed persons (PEPs) in Africa.

Author : Cari L. Votava,Jeanne M. Hauch,Francesco Clementucci
Publisher : World Bank Publications
Page : 159 pages
File Size : 45,8 Mb
Release : 2018-08-07
Category : Business & Economics
ISBN : 9781464812712

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License to Drill by Cari L. Votava,Jeanne M. Hauch,Francesco Clementucci Pdf

Natural resources have the transformational potential to support economic and political stability as well as contribute to national prosperity and economic development. However, in countries dependent upon natural resource sectors, poor management of these sectors often contributes to corruption, illicit financial flows (IFFs) and thus, poverty. Adequate transparency and accountability in regulatory management of these sectors is a challenge for resource rich countries. Poor licensing decisions in natural resource management can open a pandora’s box of corruption risks. This manual provides methods and options based on good practices to improve transparency, accountability, and integrity in the regulatory licensing process and integrity due diligence. The manual borrows models from the Basel Core Principle ‘fit and proper’ concept, and provides options for conducting effective (a) beneficial ownership; (b) criminal/legal; and (c) conflicts of interest checks, with a goal of integrating these into the regulatory licensing process. The manual also identifies common legal framework defects that can facilitate corruption risks, and offers options based on principles of regulatory integrity to reduce these risks. The good practices identified can help countries allocate limited financial resources in conducting thorough background checks in a cost-effective manner, as well as meet EITI’s requirements for public disclosure of beneficial owners and politically exposed persons. These strategies for reducing opportunities for corruption in extractive sectors can help reduce IFFs that can sap resources from the economy and inhibit a country’s ability to achieve the Sustainable Development Goals.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 45,8 Mb
Release : 2010
Category : Electronic
ISBN : OCLC:1075185690

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Politically Exposed Persons by Anonim Pdf

Author : Dennis Cox
Publisher : John Wiley & Sons
Page : 756 pages
File Size : 49,6 Mb
Release : 2014-10-23
Category : Business & Economics
ISBN : 9780470685273

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Handbook of Anti-Money Laundering by Dennis Cox Pdf

Effectively implement comprehensive anti-money laundering regulations Handbook of Anti-Money Laundering details the most up-to-date regulations and provides practical guidance toward implementation. While most books focus on the regulations themselves, this useful guide goes further by explaining their meaning to bank operations, and how the rules apply to real-life scenarios. The international perspective provides a broader understanding of the anti-money laundering controls that are in place worldwide, with certain country-specific details discussed in-depth. Coverage includes the Wolfsberg Principles, Financial Action Task Force guidance, the U.S. Patriot Act, and the latest from both the EU and Bank for International Settlements. The IMF estimates that two to five per cent of the global GDP – $590 billion to $1.5 trillion – is laundered every year. Globally, banks and other financial institutions have been required to put in place specific arrangements to prevent and detect money laundering and the criminal activity that underlies it. This book provides the latest regulations and guidance toward application. Understand what money laundering regulations mean in practice Reference international and country-specific rules and regulations Get up to speed on the most current regulations and practices Implement the most effective anti-money laundering measures In response to the increased monitoring and regulation, money launderers have become more sophisticated at disguising the source of their funds. Financial institutions' employees must be ever more aware of what they're facing, and how to deal with it, making actionable guidance a critical companion to any regulatory information. For financial institutions seeking more thorough understanding and practical advice, the Handbook of Anti-Money Laundering is a comprehensive guide.

Author : Ruta Mrazauskaite
Publisher : Unknown
Page : 106 pages
File Size : 51,7 Mb
Release : 2019
Category : Electronic
ISBN : OCLC:1110110569

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A Global Database of Politically Exposed Persons by Ruta Mrazauskaite Pdf

Author : David Enrich
Publisher : HarperCollins
Page : 475 pages
File Size : 43,5 Mb
Release : 2020-02-18
Category : Business & Economics
ISBN : 9780062878823

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Dark Towers by David Enrich Pdf

#1 WALL STREET JOURNAL BESTSELLER * NEW YORK TIMES BESTSELLER New York Times finance editor David Enrich's explosive exposé of the most scandalous bank in the world, revealing its shadowy ties to Donald Trump, Putin's Russia, and Nazi Germany “A jaw-dropping financial thriller” —Philadelphia Inquirer On a rainy Sunday in 2014, a senior executive at Deutsche Bank was found hanging in his London apartment. Bill Broeksmit had helped build the 150-year-old financial institution into a global colossus, and his sudden death was a mystery, made more so by the bank’s efforts to deter investigation. Broeksmit, it turned out, was a man who knew too much. In Dark Towers, award-winning journalist David Enrich reveals the truth about Deutsche Bank and its epic path of devastation. Tracing the bank’s history back to its propping up of a default-prone American developer in the 1880s, helping the Nazis build Auschwitz, and wooing Eastern Bloc authoritarians, he shows how in the 1990s, via a succession of hard-charging executives, Deutsche made a fateful decision to pursue Wall Street riches, often at the expense of ethics and the law. Soon, the bank was manipulating markets, violating international sanctions to aid terrorist regimes, scamming investors, defrauding regulators, and laundering money for Russian oligarchs. Ever desperate for an American foothold, Deutsche also started doing business with a self-promoting real estate magnate nearly every other bank in the world deemed too dangerous to touch: Donald Trump. Over the next twenty years, Deutsche executives loaned billions to Trump, the Kushner family, and an array of scandal-tarred clients, including convicted sex offender Jeffrey Epstein. Dark Towers is the never-before-told saga of how Deutsche Bank became the global face of financial recklessness and criminality—the corporate equivalent of a weapon of mass destruction. It is also the story of a man who was consumed by fear of what he’d seen at the bank—and his son’s obsessive search for the secrets he kept.

Author : Emile van der Does de Willebois,J.C. Sharman,Robert Harrison,Ji Won Park,Emily Halter
Publisher : World Bank Publications
Page : 230 pages
File Size : 49,6 Mb
Release : 2011-11-01
Category : Law
ISBN : 9780821388969

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The Puppet Masters by Emile van der Does de Willebois,J.C. Sharman,Robert Harrison,Ji Won Park,Emily Halter Pdf

This report examines the use of these entities in nearly all cases of corruption. It builds upon case law, interviews with investigators, corporate registries and financial institutions and a 'mystery shopping' exercise to provide evidence of this criminal practice.

Author : Asian Development Bank
Publisher : Unknown
Page : 0 pages
File Size : 53,8 Mb
Release : 2017
Category : Money laundering
ISBN : 9292577611

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Handbook on Anti-Money Laundering and Combating the Financing of Terrorism for Nonbank Financial Institutions by Asian Development Bank Pdf

This handbook provides nonbanking financial institutions guidance on how to manage risks associated with money laundering and the financing of terrorism. It reflects the requirements of the international standard setter in the fight against money laundering and terrorist financing---the Financial Action Task Force---and is intended to serve as the basis for developing internal controls and procedures by nonbanking financial institutions to combat such actions.

Author : Paul Allan Schott
Publisher : World Bank Publications
Page : 292 pages
File Size : 44,5 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 9780821365144

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Reference Guide to Anti-money Laundering and Combating the Financing of Terrorism by Paul Allan Schott Pdf

This second edition of the Reference Guide is a comprehensive source of practical information on how countries can fight money laundering and terrorist financing. Aimed at helping countries understand the new international standards, it discusses the problems caused by these crimes, the specific actions countries need to take to address them, and the role international organizations play in the process. The Reference Guide is a valuable tool for establishing effective regimes to successfully prevent, detect, and prosecute money laundering and terrorist financing.

Author : Björn Johansson,Charles Møller,Atanu Chaudhuri,Frantisek Sudzina
Publisher : Springer
Page : 0 pages
File Size : 52,6 Mb
Release : 2017-08-05
Category : Computers
ISBN : 3319649299

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Perspectives in Business Informatics Research by Björn Johansson,Charles Møller,Atanu Chaudhuri,Frantisek Sudzina Pdf

This book constitutes the proceedings of the 16th International Conference on Perspectives in Business Informatics Research, BIR 2017, held in Copenhagen, Denmark, in August 2017. This year the BIR conference attracted 59 submissions from 23 countries. They were reviewed by 45 members of the Program Committee, and as a result, 17 full papers and 3 short papers were selected for presentation at the conference and publication in this volume. They are organized in sections on enterprise architecture, business process management, business analytics, information systems applications, and information systems development. In addition, the summaries of the two conference keynotes are also included. This year, the conference theme was the digital transformation, which will impact most businesses, organizations and societies and call for new and radical approaches to how we adopt, use and manage IT.

Author : Larissa Gray,Kjetil Hansen,Pranvera Recica-Kirkbride,Linnea Mills
Publisher : World Bank Publications
Page : 92 pages
File Size : 43,9 Mb
Release : 2014-08-29
Category : Business & Economics
ISBN : 9781464802751

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Few and Far by Larissa Gray,Kjetil Hansen,Pranvera Recica-Kirkbride,Linnea Mills Pdf

This joint publication of the World Bank/UNODC Stolen Asset Recovery (StAR) Initiative and the Organisation for Economic Co-operation and Development (OECD) reports on how OECD countries are performing on asset recovery. It provides examples of good practices and recommendations for development agencies and other practitioners on achieving results.

Author : Nic Ryder
Publisher : Springer
Page : 372 pages
File Size : 42,9 Mb
Release : 2017-12-06
Category : Social Science
ISBN : 9781137473844

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White Collar Crime and Risk by Nic Ryder Pdf

This edited collection provides an innovative and detailed analysis of the relationship between the financial crisis, risk and corruption. A large majority of the published research has concentrated on identifying the traditional factors that contributed towards the largest financial crisis since the Wall Street Crash and subsequent Great Depression. This original volume contests this, and provides the alternative view that white collar crime was also an underappreciated, and important factor. Divided into five parts: bribery and corruption; financial crime; market manipulation; technology and white collar crime; and the financial crisis, and based on contributions by a wide range of experts in the field, this book will be of great interest to policy makers and practitioners, researchers and students alike.

Author : Thomas J. Biersteker,Sue E. Eckert
Publisher : Routledge
Page : 349 pages
File Size : 50,7 Mb
Release : 2007-09-12
Category : Political Science
ISBN : 9781134155361

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Countering the Financing of Terrorism by Thomas J. Biersteker,Sue E. Eckert Pdf

Groups committing acts of terrorism have adapted their means of financing to elude detection since the 9/11 attacks in the United States. Surveying the global community’s multi-year effort to cut off terrorist funding, this volume offers a much-needed analysis of a complex, widely discussed, yet poorly understood subject. While books on terrorism have touched upon the topic, this is the first comprehensive, balanced, and scholarly overview of terrorist financing, its methods, and efforts to counter it. Bringing together leading analysts of terrorism, international relations, global finance, law, and criminology, Countering the Financing of Terrorism provides a critical assessment of the international effort to restrict terrorist financing. It evaluates the costs and benefits and offers recommendations for more effective policies for the future.