The new Second Edition of Anti-Money Laundering Deskbook is a comprehensive and accessible guide to the U.S. money laundering and anti-money laundering (“AML”) legal regimes and the AML compliance requirements for U.S. financial institutions. Written by new authors Elizabeth T. Davy and Sharon Cohen Levin, leading experts in anti-money laundering, economic sanctions, the Bank Secrecy Act, and asset forfeiture, the new edition serves as an encyclopedic guide to the criminal money laundering laws and evolving AML requirements and regulatory priorities and provides strategic insights gained from more than twenty years of enforcement actions.
Designed as a practical guide to serve a wide audience of professionals, Anti-Money Laundering Deskbook:
- Provides an overview of both the U.S. money laundering laws and the anti-money laundering laws and regulations, as well as the intersection between the two legal regimes, offering a full view of the legal and regulatory landscape;
- Addresses the legal and regulatory requirements for both traditional and non-traditional financial institutions and provides practical guidance for entities that are subject to U.S. AML laws and regulations;
- Integrates real-world enforcement cases to illuminate complex concepts in a practical way and demonstrates how those cases have shaped AML policies and practices; and
- Keeps readers up-to-date on recent trends such as the AML Act and the expansion of the U.S. AML laws and regulations; the extraterritorial application of the criminal money laundering laws; money laundering risks of new financial technologies; developments with respect to AML compliance in the digital assets industry; and the role of state regulators in AML compliance and enforcement.
From novices with little background in the area to seasoned experts who are regularly immersed in money laundering investigations and enforcement, AML compliance, policy-making, or education, readers will find invaluable insights and practical guidance in this book.