Money laundering remains high on the political, legal and regulatory agenda worldwide. This comprehensive guide examines the fast-evolving anti-money laundering and counter-terrorist financing (AML/CTF) framework, situating it within the broader financial crime agenda of corruption, financial sanctions, and organised crime.

Drawing on the significant developments since the previous edition, the book tracks the global shift toward a risk-based approach to AML/CTF procedures, systems and controls — from the Financial Action Task Force’s (FATF) revised Recommendations to the European Union’s Third Money Laundering Directive and its implementation across Member States.

This edition has been substantially expanded and updated to reflect:

• The move towards risk-based compliance frameworks following FATF’s Recommendations and the EU’s Third Money Laundering Directive
• Broader geographical coverage, with new chapters on developing financial and business centres including Brazil, China, India and the United Arab Emirates
• Updated European jurisdiction chapters reflecting changes brought about by the Third Money Laundering Directive
• A revised chapter on the practical implementation of UK regulations, addressing the shift towards risk-based compliance
• Analysis of key institutional developments, including the UK’s Serious Organised Crime Agency and HM Treasury’s Review of the Money Laundering Regulations 2007

Bringing together the expertise of contributors from the UK and across the globe, this book offers practitioners, regulators, compliance professionals and legal advisers an authoritative, jurisdiction-by-jurisdiction analysis of the law and practice governing money laundering and terrorist financing — an essential reference for navigating one of the most dynamic areas of financial regulation today.