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AML BRAIN GYM-DBFBPs: Focus Series on real estate, precious metals, Auditors and Legal Persons
In a world where financial transactions are becoming increasingly complex and globalized, the risk of money laundering looms larger than ever. " AML Brain Gym " is an indispensable guide designed to arm you with the knowledge and tools needed to combat this pervasive financial crime.
Who is this Book For?
Real Estate Professionals
Precious Metals and Stones Dealers
Auditors and Accountants
Company Formation and Legal Professionals
Why Read This Book?
Gain a nuanced understanding of money laundering techniques through real-world case studies.
Learn to identify red flags and risk indicators that often go unnoticed.
Equip yourself with practical skills for conducting due diligence and investigations.
Stay ahead of compliance challenges and regulatory requirements.
Value Proposition
This book is more than just a theoretical guide; it's a practical handbook that will elevate your understanding of money laundering from a concept to an actionable skill. Each case study is a lesson in vigilance, offering a detailed look into the mechanisms that facilitate money laundering across various sectors.
Don't just be a spectator in the fight against financial crime; become an active participant. Equip yourself with the knowledge to make a difference. Choose "AML Brain Gym" as your trusted resource.
Unlock the secrets of detecting and preventing money laundering. Make an informed choice today for a safer tomorrow.
Case studies
1. Part A – Precious metals and stones
2. Precious metals and stones originate from a country where there is limited production or no mines
3. Selling or buying precious metals and stones between two local companies through an intermediary located abroad (lack of business justification. uncertainty as to actual passage of goods between the companies
4. Volume of purchases and/or imports that grossly exceed the expected sales amount
5. Payments related to the appearance of rare or unique precious stones in the international market outside of known trading procedures like annual tender process
6. Transactions/financing of precious metals and stones trade-Financial activity is inconsistent with practices in the precious metal and stone trade.
7. Deposits immediately followed by withdrawals, atypical of practices in the precious metal and stone trade, including circular transactions
....
20. Part B-Real Estate Sector
21. Transactions involving individuals residing in tax havens or risk territories
22. Transactions involving an individual whose address is unknown or is merely a correspondence address (for example, a PO Box.
23. Individuals who unexpectedly repay problematic loans or mortgages or who repeatedly pay off large loans or mortgages early, particularly if they do so in cash.
24. Unusual Transactions Involving Legal Persons with No Apparent Business Activity
25. Unusual Transactions in a Non-Profit Entity
......
34. Part C-Auditors and accountants
35. Auditor Encounters Non-Cooperative Client with Illicit Cash-Based Money Sources
36. Auditor Encounters Non-Cooperative Client with Excessive Concern for Compliance Matters
37. Auditor Encounters Client with No Digital Footprint and Unverifiable Business Activity
38. Auditor Encounters Client with Unreachable Directors and Multiple Beneficiaries
39. Auditor Encounters Client Using Pooled Client Account Without Justification
40. Auditor Encounters Client on Sanctions List Involved in Terrorist Financing
..
...
44. Part arrangements
45. Sudden Financial Activity in a Long-Inactive Legal Entity
46. Complex Structures in Legal Entities with Multiple Beneficiaries and Signatories
47. Rapid Capital Funding and Zero-Balance Accounts in Legal Entities
..
Who is this Book For?
Real Estate Professionals
Precious Metals and Stones Dealers
Auditors and Accountants
Company Formation and Legal Professionals
Why Read This Book?
Gain a nuanced understanding of money laundering techniques through real-world case studies.
Learn to identify red flags and risk indicators that often go unnoticed.
Equip yourself with practical skills for conducting due diligence and investigations.
Stay ahead of compliance challenges and regulatory requirements.
Value Proposition
This book is more than just a theoretical guide; it's a practical handbook that will elevate your understanding of money laundering from a concept to an actionable skill. Each case study is a lesson in vigilance, offering a detailed look into the mechanisms that facilitate money laundering across various sectors.
Don't just be a spectator in the fight against financial crime; become an active participant. Equip yourself with the knowledge to make a difference. Choose "AML Brain Gym" as your trusted resource.
Unlock the secrets of detecting and preventing money laundering. Make an informed choice today for a safer tomorrow.
Case studies
1. Part A – Precious metals and stones
2. Precious metals and stones originate from a country where there is limited production or no mines
3. Selling or buying precious metals and stones between two local companies through an intermediary located abroad (lack of business justification. uncertainty as to actual passage of goods between the companies
4. Volume of purchases and/or imports that grossly exceed the expected sales amount
5. Payments related to the appearance of rare or unique precious stones in the international market outside of known trading procedures like annual tender process
6. Transactions/financing of precious metals and stones trade-Financial activity is inconsistent with practices in the precious metal and stone trade.
7. Deposits immediately followed by withdrawals, atypical of practices in the precious metal and stone trade, including circular transactions
....
20. Part B-Real Estate Sector
21. Transactions involving individuals residing in tax havens or risk territories
22. Transactions involving an individual whose address is unknown or is merely a correspondence address (for example, a PO Box.
23. Individuals who unexpectedly repay problematic loans or mortgages or who repeatedly pay off large loans or mortgages early, particularly if they do so in cash.
24. Unusual Transactions Involving Legal Persons with No Apparent Business Activity
25. Unusual Transactions in a Non-Profit Entity
......
34. Part C-Auditors and accountants
35. Auditor Encounters Non-Cooperative Client with Illicit Cash-Based Money Sources
36. Auditor Encounters Non-Cooperative Client with Excessive Concern for Compliance Matters
37. Auditor Encounters Client with No Digital Footprint and Unverifiable Business Activity
38. Auditor Encounters Client with Unreachable Directors and Multiple Beneficiaries
39. Auditor Encounters Client Using Pooled Client Account Without Justification
40. Auditor Encounters Client on Sanctions List Involved in Terrorist Financing
..
...
44. Part arrangements
45. Sudden Financial Activity in a Long-Inactive Legal Entity
46. Complex Structures in Legal Entities with Multiple Beneficiaries and Signatories
47. Rapid Capital Funding and Zero-Balance Accounts in Legal Entities
..
137 pages, Paperback
Published September 13, 2023
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