Anti-Money Laundering Survey: The Big Business of Dirty Money

Table of Contents

• Table of Contents
• Financial Insights Opinion
• In This Report
• Situation Overview
  • Introductory Notes on AML: The Big Business of Dirty Money
  • Figure: The Processes of Money Laundering and Terrorist Financing
  • Survey Methodology
  • Financial Crime Risk in Asia
  • Figure: Country' s Risk of Money Laundering and Terrorist Financing
  • Figure: Country' s Principal Risk Factors for Money Laundering
  • AML Initiatives in Asian Banks
  • Figure: Effectiveness of AML Systems and Processes
    • Pushing AML up the Agenda
    • Table: Key Aspects of an Effective AML Compliance Program
    • Figure: Key AML Procedures at Asian Banks
    • Figure: Approach Adopted to Monitor Customer Account Activity
  • Concerns About Effective Implementation
  • Figure: Obstacles to Implementation of Effective AML Measures
• Future Outlook
  • AML Spending Priorities
  • Figure: Change in Technology Investment to Combat Money Laundering
  • Figure: Annual Incremental Spend for 2008
  • Figure: Focus Areas for AML-Related Investments
  • Figure: Transaction Monitoring Functional Architecture
  • Vendor Solutions and Characteristics
  • Figure: Software Applications Used to Counter Financial Crimes
    • Characteristics of Preferred AML Solutions
    • Figure: Key Functional Characteristics for AML Vendor Solutions
• Essential Guidance
  • Actions for Financial Institutions
  • Figure: Key Elements of a Comprehensive AML Program
    • Governance Structure
    • Enterprisewide Program
    • Policies and Know-Your-Customer Procedures
    • Comprehensive AML Monitoring Solutions
    • Training of Personnel
    • Resource Allocation for AML Programs
    • Legislation (Not an End in Itself)
  • Actions for Vendors
    • Generate Buy-In from Banks' Top Management
    • Customization Is Key ?
    • ? And So Is Product Evolution
    • Focus on the Obvious, Lower-Hanging Fruit
    • Provide a Range of Value-Add Ancillary Services
• Learn More
  • Related Research
  • Appendix: The Lay of the Land in Asia
  • Figure: Asia' s Risk Profile for Money Laundering
    • Australia
      • Regulatory Undertaking
      • Banks' Reaction
    • China
      • Regulatory Undertaking
      • Banks' Reaction
    • India
      • Regulatory Undertaking
      • Banks' Reaction
    • The Philippines
      • Regulatory Undertaking
      • Banks' Reaction
    • Singapore
      • Regulatory Undertaking
      • Banks' Reaction
    • South Korea
      • Regulatory Undertaking
      • Banks' Reaction
  • Synopsis