{"product_id":"9789789486038","title":"The Risk-Based Approach to Combating Money Laundering and Terrorist Financing","description":"Governments around the world have made the fight against money laundering and the financing of terrorism a priority. Among its effort is the implementation of the Financial Action Task Force Recommendations, specifically Recommendation 1. \u003cp\u003eThe FATF Recommendations (Recommendation 1) requires that countries mandate financial institutions and designated non-financial businesses and professions (DNFBPs), to adopt a risk-based approach to combating money laundering and terrorist financing. \u003c\/p\u003e\u003cp\u003eThis book aims to provide a clear understanding of what the risk-based approach involves. In addition to this, it differentiates the risk-based approach from the rule-based approach and determines if the risk-based approach interferes with the human rights of high-risk customers.\u003c\/p\u003e\u003cp\u003eInternationally, this book would be the first comprehensive book on the subject of the Risk-Based Approach. This book would help financial institutions and designated non-financial institutions with any problem regarding the application of the risk-based approach.\u003c\/p\u003e\u003cp\u003eFinancial institutions\/DNFBPs who implement the risk-based approach, in line with the guidance given in this book, will be well-placed to avoid the consequences of inappropriate de-risking behaviour. \u003c\/p\u003e\u003cp\u003eAlthough there are quite a number of reference guides provided by the Financial Action Task Force to assist firms with the implementation of the risk-based approach. Those publications focus mainly on the risk assessment principles. This book is focused on both the principles and the practical aspect of its application.\u003c\/p\u003e\u003cp\u003eThis book is a must read for every professional specializing in the field of Anti-Money Laundering Compliance. It is also a must read for every individual who intends to know more about the money laundering subject.\u003c\/p\u003e","brand":"Eric Press","offers":[{"title":"Default Title","offer_id":47065445564656,"sku":"9789789486038","price":30.94,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9789789486038_p0.jpg?v=1763689875","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9789789486038","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}