A Practitioner's Guide to UK Money Laundering Law and Regulation

Prevention of money laundering is now a board level issue as the FSA has indicated that directors and senior management will be held responsible for ensuring that appropriate procedures are in place to meet the FSA's requirements on money laundering. There is also the additional concern that officers, employees and senior management of institutions may find themselves facing criminal charges for breaches of law and regulation in this area. It is therefore vital that senior management teams in the UK keep abreast of developments in regulation in this important area and of the impact that those developments are likely to have on the best practice standards that firms are now expected to meet. This new book examines the entire breadth of UK money laundering law and regulation - from common law up to and including the 2003 Regulations - to provide the finance professional with a thorough commentary and interpretation, and a valuable guide to aid ongoing compliance and risk management.