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Money Laundering Prevention

Money Laundering Prevention Deterring, Detecting, and Resolving Financial Fraud

Author: Jonathan E. Turner
Publisher: John Wiley & Sons
ISBN: 9780470874752
Published In: May 2011
Format: Hardback , 224 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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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.

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-MODELING

SPREADSHEET.

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.

JONATHAN E. TURNER, CFE, CII, is a Managing Director with Wilson & Turner Incorporated, where he specializes in the prevention and detection of sophisticated financial fraud and employee crime issues. Prior to cofounding WTI, he served in investigations management positions with regional, national, and international investigations firms, with operational responsibility for thousands of investigations. He is a court-recognized expert in the investigation, documentation, and resolution of financial fraud matters. Turner is a commentator on fraud-related topics, including financial fraud schemes, employee fraud issues, and complex fraud schemes. He has been interviewed by the Wall Street Journal, the New York Times, and has appeared on ABC News, CNBC, and CNN programs.