Preventing Money Laundering and Terrorist Financing ; A Practical Guide for Bank Supervisors

from the Table of Contents: Foreword; Acknowledgments; About the Authors; Acronyms and Abbreviations; Introduction; Designing an Effective AML/CFT Supervisory Framework; Risk Management in Combating Money Laundering and Terrorist Financing; The Licensing Process and AML/CFT Due Diligence; AML/CFT Off-Site Supervision; The On-Site Supervisory Process; Sanctions and Corrective Measures to Be Taken by Competent Authorities; National and International Cooperation; Annexes: Designing an Effective AML/CFT Framework That Supports Initiatives to Broaden and Deepen Financial Access by the Poor; Managing ML/FT Risks of Low-Risk Products. The Example of Branchless Banking; Risk Management Principles for Low-Risk Products. Some Guidelines; Preparing and Conducting an On-Site Examination for AML/CFT; Key Documents to Obtain at the Outset of the Inspection; List of Areas That Pose Higher Risks; Example of an AML/CFT Questionnaire Used by the French Banking Commission; Example of Sanctions Applied by the French Banking Commission; FATF 40+9 Recommendations; Index; Boxes; Figures;