The Resource Politically exposed persons : preventive measures for the banking sector, Theodore S. Greenberg, Larissa Gray ; [contributions by] Delphine Schantz, Carolin Gardner, Michael Latham

Politically exposed persons : preventive measures for the banking sector, Theodore S. Greenberg, Larissa Gray ; [contributions by] Delphine Schantz, Carolin Gardner, Michael Latham

Label
Politically exposed persons : preventive measures for the banking sector
Title
Politically exposed persons
Title remainder
preventive measures for the banking sector
Statement of responsibility
Theodore S. Greenberg, Larissa Gray ; [contributions by] Delphine Schantz, Carolin Gardner, Michael Latham
Creator
Contributor
Subject
Language
eng
Summary
In recent years, the revelations of grand corruption and the scale of the plunder of state assets has led to greater scrutiny of financial relationships with politically exposed persons (PEPs) and potential money laundering risks associated with these customers. PEPs-individuals who are or have been entrusted with prominent public functions, their family members, and close associates-represent a greater risk because of the possibility that such individuals may abuse their position and influence to accept and extort bribes and misappropriate state assets. Implementation of an effective PEPs regime is a critical component of the prevention and detection of transfers of proceeds of crime and therefore ultimately in the process of recovering these proceeds of corruption. The United Nations Convention against Corruption (UNCAC) and the Financial Action Task Force (FATF) Forty Recommendations on Money Laundering require countries to ensure that financial institutions implement systems for identification and verification of PEP customers, enhanced due diligence procedures at account opening, and ongoing monitoring. Notwithstanding the efforts by many financial institutions and regulatory authorities to prevent corrupt PEPs from entering and using the financial system to launder the proceeds of corruption, there has been an overall failure in the effective implementation of risk based systems to detect corruption proceeds. In this context, Politically Exposed Persons-A Guide on Preventive Measures for the Banking Sector is designed to help build regimes that will facilitate the identification of corrupt PEPs and their efforts to launder money through banks. The authors identify recommendations and good practices aimed at improving compliance with international standards and increasing supervisory effectiveness
Cataloging source
N$T
Dewey number
332.1
Illustrations
illustrations
Index
index present
LC call number
HV6768
LC item number
.G74 2010eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
Stolen asset recovery StAR initiative
Label
Politically exposed persons : preventive measures for the banking sector, Theodore S. Greenberg, Larissa Gray ; [contributions by] Delphine Schantz, Carolin Gardner, Michael Latham
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
pt. 1. Introduction and general observations -- pt. 2. Implementation of international standards on PEPs by banks and regulatory authorities -- pt. 3. Role of regulatory authorities and the financial intelligence unit -- pt. 4. National cooperation, training, and resources
Control code
ocn644695036
Dimensions
unknown
Extent
1 online resource (xviii, 103 pages)
File format
unknown
Form of item
online
Isbn
9786612657467
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
illustrations
Quality assurance targets
not applicable
http://library.link/vocab/recordID
.b25401166
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
  • (OCoLC)644695036
  • pebcs0821382497

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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