Financial crime, ranging from money laundering and terrorist financing to fraud and cyber-enabled schemes, poses a persistent threat to institutions, economies, and societies. This handbook exists to to help newcomers, junior managers, and the mentors guiding them develop a solid, practical foundation in Anti-Money Laundering (AML), Counter-Terrorist Financing (CFT), fraud prevention, and broader compliance responsibilities. Whether you’re stepping into your first compliance role, transitioning from a related function (such as operations or internal audit), or simply seeking a structured reference, this book will:
- Explain core concepts in an accessible way, without assuming prior legal or regulatory experience.
- Provide detailed, actionable guidance on setting up and operating an AML/fraud program.
- Balance global best practices (FATF standards, major jurisdictions) with enough “local flavor” so you can see how requirements play out in places like the US, EU, UK, APAC, and the Middle East.
- Serve as a training resource for senior colleagues who mentor and onboard junior staff, offering “mentor’s tips” to illustrate how to discuss these topics in a team setting.
