Money Laundering Compliance

Money laundering is one of the most potentially fraught areas for trustees, practitioners and their professional advisors. This book examines changes in the UK regime with a particular emphasis on the role, liabilities and obligations of trustees within it.

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Money laundering is one of the most potentially fraught areas for trustees, practitioners and their professional advisors. Money Laundering Compliance 2ed crucially examines changes in the UK regime with a particular emphasis on the role, liabilities and obligations of trustees within it. Featuring an examination of the range of offences and the application of AML principles in a number of relevant jurisdictions, Money Laundering Compliance discusses key practical issues such as Know your Client, reporting procedures, the conflict between tipping-off and disclosure, and advises practitioners who find themselves involved with trusts under investigation. This new second edition has been fully revised to take account of the EU Directive on Money Laundering which comes into force in Dec 2007.