At head of title: Stolen Asset Recovery (StAR) Initiative. Includes bibliographical references and index.
Contents:
pt. 1. Introduction and general observations -- pt. 2. Implementation of international standards on PEPs by banks and regulatory authorities -- pt. 3. Role of regulatory authorities and the financial intelligence unit -- pt. 4. National cooperation, training, and resources.
Summary:
"In recent years, revelations of grand corruption and the plunder of state assets have led to greater scrutiny of financial relationships with politically exposed persons (PEPs)--senior government officials and their family members and close associates. Notwithstanding the efforts by many financial institutions and regulatory authorities to prevent corrupt PEPs from entering and using the financial system to launder the proceeds of corruption, there has been an overall failure in the effective implementation of international standards on PEPs."--Back cover.
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