Macmillian’s Anti-Money Laundering & Know Your Customer by Indian Institute of Banking & Finance (IIBF) – 1st Edition 2023.

Macmillian’s Anti-Money Laundering & Know Your Customer by Indian Institute of Banking & Finance (IIBF) – 1st Edition 2023.

Description :-

Money Laundering across the globe is not only a matter of serious concern for all countries but it also imposes substantial financial threat due to use of black money becoming a part of the financial ecosystem of the economy by operating through banking platforms. UNO, BCBS, FATF and other organisations have issued various guidelines and recommendations to all jurisdictions world over to combat ML and FT activities in respect of domestic as well as cross border operations. The book illustrates all the related issues since its inception, subsequent developments and resolutions for adoption and implementation. The book addresses all four elements of KYC AML guidelines comprehensively and covers the same in two parts. The 1st part deals with all aspects of Money laundering (ML), its threats to the economy and challenges in combating the same and the 2nd part provides Know Your Customers (KYC) measures and various regulatory prescriptions which will be helpful for the Banks / FIs to have in place a robust framework for ensuring conclusive compliances in all segments.

About the Author :

Established in 1928 as a Company under Section 25 of the Indian Companies Act, 1913, Indian Institute of Banking & Finance (IIBF), formerly known as The Indian Institute of Bankers (IIB), is a professional body of Banks, Financial Institutions, and their Employees in India. With a total membership of over 9 lakhs, IIBF is the largest institution of its kind in the world and is working with a Mission “to develop professionally qualified and competent bankers and finance professionals primarily through a process of education, training, examination, consultancy / counselling and continuing professional development programs.” During its 93 years of service, IIBF has emerged as a premier institute in banking and finance education for those employed as well as seeking employment in the sector, aiming for professional excellence. Since inception, the Institute has educated numerous members and awarded several banking and finance qualifications, viz., JAIIB CAIIB, Diploma and Certificates covering diverse and contemporary subjects in the banking & finance domains, which have helped the banking & finance professionals to sustain their professionalism through continuing professional development programs.

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