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Home > Law > Jurisprudence and general issues > Comparative law > International Comparative Legal Guide: 3 Anti-Money Laundering(3 International Comparative Legal Guide - Anti-Money Laundering)
International Comparative Legal Guide: 3 Anti-Money Laundering(3 International Comparative Legal Guide - Anti-Money Laundering)

International Comparative Legal Guide: 3 Anti-Money Laundering(3 International Comparative Legal Guide - Anti-Money Laundering)


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About the Book

We hope that you will find this third edition of International Comparative Legal Guide - Anti-Money Laundering useful and informative. This has been an active year in anti-money laundering ("AML") enforcement and compliance. There have been a number of high-profile money laundering prosecutions, investigations, and administrative enforcement actions. We have seen the implementation of the EU Fifth Anti-Money Laundering Directive. Groups such as the FATF, Wolfsberg, and the Basel Committee have been active in studying issues and updating guidance. Around the world, governments are grappling with how to apply AML controls to the digital currency industry. Nevertheless, the money laundering problem persists and sustains a wide range of criminal activity from drug trafficking, terrorism, fraud, and human trafficking, to nuclear proliferation. In the United States, the focus has been on modernization, including how to apply the technologies of today, such as artificial intelligence and machine learning, to AML compliance. There is an ongoing assessment by the government, financial industry, and Congress on how to make the U.S. AML regime more efficient and effective and how better to promote the public and private exchange of information. Legislation is pending in Congress that may result, after years of attempts, in the establishment of a national corporate registry with beneficial ownership information for corporations and limited liability companies. Congress and financial institutions continue to seek a solution to address the inconsistency between state and federal laws on marijuana. AML controls must be continually re-evaluated to address evolving risk. Failure to implement effective measures can have serious legal and reputational consequences for financial institutions and other businesses and their employees and immeasurable costs for the safety and well-being of society. Gibson, Dunn & Crutcher LLP is honored to join a group of distinguished colleagues to present several articles that we hope you will find of interest on AML topics. Global Legal Group also has included chapters written by select law firms in 26 countries discussing the local AML legal and regulatory/administrative requirements and enforcement requirements. Gibson Dunn is pleased to present the chapter on the U.S. AML regime. As with all ICLG guides, this guide is organized to help the reader understand the AML landscape globally and in specific countries. Global Legal Group, the editors, and the contributors intend this guide to be a reliable first source when approaching AML requirements and considerations. We encourage you to reach out to the contributors if we can be of further assistance.

Table of Contents:
Expert Chapters 1 The International Reach of the U.S. Money Laundering Statutes Stephanie L. Brooker & M. Kendall Day, Gibson, Dunn & Crutcher LLP 8 The Intersection of Money Laundering and Real Estate Peter D. Hardy, Terence M. Grugan, Priya Roy & Mary K. Treanor, Ballard Spahr LLP 15 EU Legislation in the Area of AML: Historical Perspective and Quo Vadis Stefaan Loosveld, Linklaters LLP 22 Anti-Money Laundering in the APAC Region: An Overview of the International Law Enforcement and Regulatory Framework Dennis Miralis & Phillip Gibson, Nyman Gibson Miralis Q&A Chapters Argentina Beccar Varela: Maximiliano D'Auro & Rodrigo Allende 32 Australia King & Wood Mallesons: Kate Jackson-Maynes & Amelia Jamieson 38 Belgium Linklaters LLP: Francoise Lefevre & Rinaldo Saporito 46 Brazil Joyce Roysen Advogados: Joyce Roysen & Veridiana Vianna Chaim 53 60 Canada Blake, Cassels & Graydon LLP: Katie Patterson & Vladimir Shatiryan 66 China King & Wood Mallesons: Chen Yun & Liang Yixuan 72 France Delecroix-Gublin: Alexis Gublin, Pierre Calderan, Louise Lecaros de Cossio & Thomas Bourceau 80 Germany Herbert Smith Freehills LLP: Dr. Dirk Seiler & Enno Appel 87 Greece Anagnostopoulos: Ilias G. Anagnostopoulos & Alexandros D. Tsagkalidis 94 Indonesia Soemadipradja & Taher: Ardian Deny Sidharta, Erie H. Tobing, Oene J. Marseille & Aris Budi Prasetiyo 101 Isle of Man DQ Advocates Limited: Kathryn Sharman, Michael Nudd & Sinead O'Connor 107 Japan Nakasaki Law Firm: Ryu Nakasaki & Kei Nakamura 113 Liechtenstein Marxer & Partner Attorneys at Law: Laura NegeleVogt, MLaw & Dr. Stefan Wenaweser, LL.M. 121 Malaysia Rahmat Lim & Partners: Karen Foong Yee Ling 128 Malta City Legal: Dr. Emma Grech & Dr. Christina M. Laudi 136 Mexico Galicia Abogados, S.C.: Humberto Perez-Rocha Ituarte & Claudio Kurc Citrin 143 Myanmar Allen & Gledhill (Myanmar) Co., Ltd.: Minn Naing Oo & Dr. Ei Ei Khin 150 Netherlands JahaeRaymakers: Jurjan Geertsma & Madelon Stevens 157 Poland SMM Legal Maciak Mataczynski: Wojciech Kapica & Magdalena Jaczewska 165 Portugal Morais Leitao, Galvao Teles, Soares da Silva & Associados: Tiago Geraldo & Frederico Machado Simoes 171 Romania Enache Pirtea & Associates: Simona Pirtea & Madalin Enache 178 Singapore Allen & Gledhill LLP: Lee Bik Wei & Lee May Ling Spain 185 CHR Legal: Jose M. Cusi, Maria J. Hernandez & Clara Tizon 194 Switzerland Kellerhals Carrard: Dr. Omar Abo Youssef & Lea Ruckstuhl 203 United Kingdom Cohen & Gresser (UK) LLP: John Gibson & Tim Harris 213 USA Gibson, Dunn & Crutcher LLP: Joel M. Cohen & Linda Noonan


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Product Details
  • ISBN-13: 9781839180439
  • Publisher: Global Legal Group Ltd
  • Publisher Imprint: Global Legal Group Ltd
  • Edition: Revised edition
  • No of Pages: 228
  • Spine Width: 9 mm
  • Width: 210 mm
  • ISBN-10: 1839180439
  • Publisher Date: 14 May 2020
  • Binding: Paperback
  • Height: 297 mm
  • Series Title: 3 International Comparative Legal Guide - Anti-Money Laundering
  • Sub Title: 3 Anti-Money Laundering


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