Overview
- Showcases the evolving risks as well as the tools and practical techniques available to address cybercrime
- Compares cyberlaws and regulations to handle AML/CFT and cybersecurity among the G-20
- Suggests a coordinated global response may be necessary
Part of the book series: Palgrave Macmillan Studies in Banking and Financial Institutions (SBFI)
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About this book
Despite massive investments in mitigation capabilities, financial crime remains a trillion-dollar global issue with impacts that extend well beyond the financial services industry. Worldwide, there are between $800 billion and $2 trillion laundered annually with the United States making up at least $300 billion of that figure. Although it is not possible to measure money laundering in the same way as legitimate economic activity, the scale of the problem is considered enormous. The cybersecurity landscape is always shifting, with threats becoming more sophisticated all the time. Managing risks in the banking and financial sectors requires a thorough understanding of the evolving risks as well as the tools and practical techniques available to address them. Cybercrime is a global problem, which requires a coordinated international response. This book outlines the regulatory requirements that come out of cyber laws and showcases the comparison in dealing with AML/CFT and cybersecurityamong the G-20, which will be of interest to scholars, students and policymakers within these fields.
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Keywords
Table of contents (28 chapters)
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Front Matter
Authors and Affiliations
About the author
Felix I. Lessambo is Adjunct Associate Professor at Fordham University, USA, where he teaches Corporate Tax and Audit & Assurance Services. He was an Associate Professor at Central Connecticut State University School of Business where he taught Financial Statements Analysis, Global Financial Reporting, and Law & Finance. He has practiced international tax, transfer pricing, and alternative investment management where he structured and advised on hedge funds and private equity cross-border transactions.
Bibliographic Information
Book Title: Anti-Money Laundering, Counter Financing Terrorism and Cybersecurity in the Banking Industry
Book Subtitle: A Comparative Study within the G-20
Authors: Felix I. Lessambo
Series Title: Palgrave Macmillan Studies in Banking and Financial Institutions
DOI: https://doi.org/10.1007/978-3-031-23484-2
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-23483-5Published: 01 February 2023
Softcover ISBN: 978-3-031-23486-6Published: 02 February 2024
eBook ISBN: 978-3-031-23484-2Published: 31 January 2023
Series ISSN: 2523-336X
Series E-ISSN: 2523-3378
Edition Number: 1
Number of Pages: XXIII, 233
Number of Illustrations: 4 b/w illustrations, 10 illustrations in colour
Topics: Financial Services, Finance, general, Cybercrime