Money Laundering Compliance

Money laundering is one of the most potentially fraught areas for trustees, practitioners, and their professional advisors. This second edition crucially examines changes in the UK regime with a particular emphasis on the role, liabilities, and obligations of trustees within it. In examining a range of offenses and the application of anti-money laundering principles in a number of relevant UK jurisdictions, Money Laundering Compliance discusses key practical issues such as knowing your client, reporting procedures, and the conflict between tipping-off and disclosure. The book advises practitioners who find themselves involved with trusts under investigation. It has been fully revised to take account of the EU Directive on Money Laundering which comes into force in December 2007.