num_pages: 256
description: Anti-Money Laundering &amp; Know Your Customer by Indian Institute Of Banking &amp; Finance is a book that aims at eliminating money laundering and setting up the guidelines for Know Your Customer (KYC) norms. It provides the backdrop for the implementation of AML and KYC regulations for banks and financial institutions as per international mandates. It also suggests the model, and the role of the organization and its representatives in the implementation of these norms. Anti-Money Laundering &amp; Know Your Customer presents the AML methodology and laws, and the contribution of international agencies. Basics and principles of KYC regulations and the implementation of these very regulations are also explained in the book. In addition, it suggests the working rules for KYC and also the supervision of different accounts. The book has a separate section for directions to banks. It includes the rules, infrastructure, and composition of banks. It also defines the norms for Customer Risk Categorization (CRC) and KYC. Anti-Money Laundering &amp; Know Your Customer also suggests ways of supervising transactions, screening records, and money transfers.
title: Anti-Money Laundering & Know Your Customer
publisher: Macmillan