Money Laundering Prevention

A how-to guide for the discovery and prevention of the illegal transfer of money Written for the private sector where most money laundering takes place this book clearly explains shows business professionals how to deter, detect, and resolve financial fraud cases internally. It expertly provides an understanding of the mechanisms, tools to detect issues, and action lists to recover hidden funds. Provides action-oriented material that will show how to deter, detect, and resolve financial fraud cases Offers an understanding of the mechanisms, tools to detect issues, and action list to recover hidden funds Covers mechanisms for moving money, identifying risk exposures, and investigating money movement Arming auditors, investigators, and compliance personnel with the guidance that, up until now, has been restricted to criminal investigators, Money Laundering Prevention provides nuts-and-bolts information needed to fully understand the money laundering process.

A how-to guide for the discovery and prevention of the illegaltransfer of moneyWritten for the private sector--where most money launderingtakes place--this book clearly explains shows businessprofessionals how to deter, detect, and resolve financial fraudcases internally. It expertly provides an understanding of themechanisms, tools to detect issues, and action lists to recoverhidden funds.* Provides action-oriented material that will show how to deterdetect, and resolve financial fraud cases* Offers an understanding of the mechanisms, tools to detectissues, and action list to recover hidden funds* Covers mechanisms for moving money, identifying risk exposuresand investigating money movementArming auditors, investigators, and compliance personnel withthe guidance that, up until now, has been restricted to criminalinvestigators, Money Laundering Prevention providesnuts-and-bolts information needed to fully understand the moneylaundering process.

PREFACE.ACKNOWLEDGMENTS.CHAPTER 1: WHY AND WHAT IS RISK MANAGEMENT?Introduction.What Is an Estimate?What Is Uncertainty?What Is Risk?What Is Risk Management?Why Risk Management?The Limitations of Risk Management.Objective of This Book.CHAPTER 2: PROJECT COST AND SCHEDULE ESTIMATES.Introduction.Cost Estimating Methodology.Cost Estimating Process.Cost Estimating Data.Cost Estimating and Project Development Level.Estimate Documentation.Basis of Estimate.Conclusion.CHAPTER 3: THE RISK-BASED ESTIMATE.RBE--The Process.Risk-Based Estimate--How It Works.Base Cost and Schedule.Risks as Events.The Micro-Project.Eastside Corridor Program.RBE and Estimate Accuracy.Conclusions.CHAPTER 4: RISK ELICITATION.Importance of Elicitation for Project Risk Management.Elicitation and Biases.Risk and Base Variability.Risk Conditionality.Summary.CHAPTER 5: RISK MANAGEMENT.Introduction.Risk Response Planning.Value Engineering and Risk Management.Risk Monitoring and Control.Summary.CHAPTER 6: RISK-BASED ESTIMATE SELF-MODELINGSPREADSHEET.Overview.Model Accuracy.RBES--Cost and Schedule Data Input and Output.Risk Conditionality and RBES.Model Outputs.Risk Management.Critical Issues.Tutorials/Case Studies.Summary.CHAPTER 7: RISK-BASED ESTIMATE WORKSHOP.Introduction.Preworkshop Activities.Conditioning Workshop Participants.Workshop Objectives.Risk Identification Process.Postworkshop Activities.Everyone Has Duties.Helpful Hints.Sample Questions to Ask.INDEX.