Handbook on anti-money laundering and combating the financing of terrorism for nonbank financial institutions.

Format:

Book

Author/Creator:

Asian Development Bank

Language:

English

Subjects (All):

Money laundering--Prevention--Handbooks, manuals, etc.

Money laundering.

Terrorism--Finance--Prevention--Handbooks, manuals, etc.

Terrorism.

Physical Description:

1 online resource (v, 88 pages) : illustrations

Edition:

1st ed.

Place of Publication:

Mandaluyong City, Metro Manila, Philippines : Asian Development Bank, [2017]

Language Note:

In English.

Summary:

This handbook provides nonbanking financial institutions guidance on how to manage risks associated with money laundering and the financing of terrorism. It reflects the requirements of the international standard setter in the fight against money laundering and terrorist financing---the Financial Action Task Force---and is intended to serve as the basis for developing internal controls and procedures by nonbanking financial institutions to combat such actions.

Contents:

Cover

Title

Copyright

Contents

Foreword

Abbreviations

Overview

Part A: Policies and Standards

Roles and Responsibilities

Policy Statement

Customer Acceptance Policy

Independent Audit and Review

Risk-Based Approach to Managing Risk

Awareness Raising and Training of the Staff

Part B: Procedures

Customer Due Diligence Requirements

Requirements for Establishing a Relationship or Opening an Account

Reviewing Customer Due Diligence Information and Monitoring Customer Accounts

Recognizing Suspicious Activity

Record Keeping

Glossary

Appendixes

1 Responsibilities and Roles of Directors and Senior Management

2 Responsibilities and Roles of the Compliance Officer

3 Responsibilities and Roles of the Management

4 Responsibilities and Roles of the Staff

5 Example of a Risk Assessment Form

6 Example of an Account Opening Checklist-Individuals

7 Example of an Account Opening Checklist-Businesses

8 Examples of Suspicious Transactions

9 Web References

References.

Notes:

"Publication stock no. TIM168550"--Verso of title page.

Description based on print version record.

Includes bibliographical references (pages 87-88).

ISBN:

9789292577629

929257762X