U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing

U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing PDF

Author: Us Senate Investigations Subcommittee

Publisher: Cosimo Reports

Published: 2012

Total Pages: 0

ISBN-13: 9781616407834

DOWNLOAD EBOOK →

The U.S. Senate Permanent Subcommittee On Investigations (PSI) issued a report in *U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing*, using the global banking and financial firm, HSBC Group, as a case study. HSBC lapsed in the management of anti-money laundering and compliance issues in an effort to cut costs as the firm grew. As a result, the report suggests the sharing of information among globally systemically important financial institutions to maintain an awareness of risk alerts. The PSI suggests standards that HSBC and Office of the Comptroller of the Currency, HSBC's regulator, should uphold. The U.S. SENATE PERMANENT SUBCOMMITTEE ON INVESTIGATIONS (PSI) is a bi-partisan committee of senators that deals with Homeland Security and Governmental Affairs, and is currently headed by Senator Carl Levin (D-MI) and Senator Tom Coburn (R-OK). Formerly known as the Committee on Government Operations, PSI is the oldest subcommittee of the Senate Homeland Security Committee.

U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing

U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing PDF

Author:

Publisher:

Published: 2012

Total Pages: 335

ISBN-13:

DOWNLOAD EBOOK →

This Report examines the anti-money laundering (AML) and terrorist financing vulnerabilities created when a global bank uses its U.S. affiliate to provide U.S. dollars, U.S. dollar services, and access to the U.S. financial system to high risk affiliates, high risk correspondent banks, and high risk clients. This Report also offers recommendations to strengthen correspondent AML controls to combat money laundering, drug trafficking, and terrorist financing.

Money Laundering

Money Laundering PDF

Author: United States. Congress. Senate. Caucus on International Narcotics Control

Publisher:

Published: 2004

Total Pages: 104

ISBN-13:

DOWNLOAD EBOOK →

Gibraltar

Gibraltar PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2007-05-21

Total Pages: 203

ISBN-13: 1451815085

DOWNLOAD EBOOK →

Gibraltar’s Detailed Assessment Report on Anti-Money Laundering (AML) and Combating the Financing of Terrorism is reviewed. The principal AML risk to Gibraltar is lodged in its professional sector, which is likely to be involved in the layering and integration of proceeds of crime. There is also some risk to Gibraltar at the placement stage, in connection with drug trafficking, migrant smuggling, and organized crime in southern Spain. The Financial Services Commission in Gibraltar has established a strong, risk-based framework for financial institutions for AML.

Suppressing Terrorist Financing and Money Laundering

Suppressing Terrorist Financing and Money Laundering PDF

Author: Jae-myong Koh

Publisher: Springer Science & Business Media

Published: 2006-07-25

Total Pages: 255

ISBN-13: 3540325190

DOWNLOAD EBOOK →

The book analyses the development of international standards for countering terrorist financing from the perspective of international criminal law. It is likely to find its value for readers not only as a monograph on the financing of terrorism but also as a reference book on the operational and theoretical development of anti-money laundering strategy following 9/11. In particular, the works of main actors in this area such as the UN Security Council, Financial Action Task Force, IMF, World Bank, and APG are dealt with in depth.

Lanterna Rally - Theme by Grace Themes