Criminal activities handle huge amounts of money: a value comparable to the GDP of a country like the Czech Republic and even higher than tax evasion. This dirty money can only enter circulation if it is washed and laundered in the economy and legal financial system. For this reason, in the English language, the term recycling is rendered with the cogent expression money laundering.
The ebook Anti-money laundering: the need for legality in the financial system – written by Gerardo Coppola, one of the leading Italian anti-money laundering experts, and published by FIRSTonline and goWare – offers a regulatory, practical and behavioral guide for all financial operators and above all for banks that come into daily contact with anomalous operations aimed at laundering money. The identification of a suspicious transaction passes through a few but solid rules: due diligence, know your customer, (KYC), single IT archive, restrictions on cash circulation and reporting to the Bank of Italy's Financial Information Unit (UIF). These anti-money laundering pillars need to be quickly and effectively implemented and implemented by banks.
Thanks to a reliable statistical base, displayed in a large section of infographics, and to the quantity of sources and documents read and analysed, Gerardo Coppola's ebook is an indispensable tool for those who work in the financial sector, for those who work in banks and also for all those who intend to understand a vast and disturbing phenomenon such as money laundering. A phenomenon that could find a revival in new payment instruments: mobile payments, payments on the Internet, virtual currencies such as Bitcoin.
That is why the topic is extraordinarily topical.
The author
Gerard Coppola he has been with the Bank of Italy since 1979 and has been involved in economic research, banking supervision and payment system surveillance. Since 2009 he has been manager of the Venice office. He has held international positions at the ECB, the BIS, CEMLA in Mexico City and the Banque Nationale de Belgique. He is the author of numerous books and essays on banking matters published by the main magazines on the subject. He is a member of the FISAC CGIL Banca d'Italia board.
Find out where you can buy the ebook: http://tinyurl.com/o6s9nu4
Title: Anti-money laundering: the need for legality in the financial system
Author: Gerard Coppola
Necklace: Economy and Finance
Editor: FIRSTonline with goWare
ISBNs: 9788867971572
Price: € 4,99
