“Anti-Money Laundering: Banking Practice Challenges” is a detailed guidance to aspects in AML/CFT for banks in Taiwan. This book reviews, firstly, domestic and international regulations, and introduces basic concept of Risk-Based Approach (RBA) and how to setup modernised AML compliance task force.
In 2018, APG came to Taiwan to conduct 3rd round mutual evaluation, and Taiwan was eventually given best rating category officially in 2019. As a result, this book also reviews, in a new independent chapter, APG result and gives direction for future advancement.
Features of this new 2nd edition (2019):