Matis Mäeker, the Head of the Anti-Money Laundering Unit of Estonian Financial Supervision and Resolution Authority, and Andre Nõmm, member of the Management Board of the Estonian Financial Supervisory Authority, are giving back to AML/CTF society with a book that contains immense AML and CTF knowledge and experience attained over the years. It´s a valuable initiative helping to increase compliance awareness.
The AML Compliance Book: 150 Golden Rules is a different kind of a compliance handbook; it is unique in many ways. The authors – Andre Nõmm and Matis Mäeker – are AML/CFT experts who have led inspections of AML/CFT landmark cases. They argue that the root cause of failures is often the ignorance of organizational theory fundamentals, rather than in the difficulty to follow extensive financial industry standards. The AML Compliance Book presents the authors’ vision of the approach to be taken to combat money laundering and terrorist financing, proposing solutions for consideration alongside those recognized world-wide today. The authors insist that there is no positive outlook in the fight against money laundering and terrorist financing if financial institutions and supervisors will not employ modern IT and RegTech solutions, such as AI, machine learning and computing powers to detect bad actors. The authors are of the opinion that the fight against money laundering should be turned more to the investigative mode.
Read more and order the book HERE