Cover -- Contents -- About the author -- Disclaimer -- Acknowledgements and dedication -- List of abbreviations -- A note before you begin -- Introduction -- What is money laundering? -- Money laundering in cyberspace -- Where in the world are AML controls implemented? -- What is the source of the core AML principles? -- AML controls are just for financial services companies, aren't they? -- What risks remain if an organization does not adopt AML controls? -- How might I benefit by reading more? -- References -- 01 Reaction: The rise of anti-money laundering and counter-terrorist financing activity -- Defining money laundering -- The reactive nature of regulatory development -- Source of AML and CTF controls: The Financial Action Task Force -- Who are the players? -- Key takeaways -- Notable websites -- References and further reading -- 02 Implementing an anti-money laundering risk control framework -- Strategy and the link to risk appetite -- Governance and AML control environment -- Maximizing benefit to the business -- Employee management -- Employee communications -- Gaps and overlaps in prevention controls -- Collaboration between governance and business -- Key takeaways -- References and further reading -- 03 Using the anti-money laundering strategy wheel -- Governance guidance to organizations -- AML strategy wheel -- Policy and training -- Awareness and commitment -- Prevention and detection -- Whistleblowing and investigation -- Monitoring and review -- Inherent roadblocks -- Carrots and sticks -- Encouraging engagement -- Key takeaways -- References and further reading -- 04 Applying the brakes at key moments -- Client due diligence (CDD) -- Enhanced due diligence -- Correspondent banking and reliance on third parties -- Politically exposed persons -- Simplified due diligence -- Key takeaways -- References and further reading