BRBL: Concepts and Practice · Part B: Important Acts and Laws I

Chapter 6: Money laundering

The offence, a bank’s duties to verify, record and report, and what attachment means for a lender.

Open Chapter 6 in the e-book The book and its prices

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

6.1The offencep. 73
6.2Duties of a reporting entityp. 74
6.3Reports to FIU-INDp. 75
6.4Know your customerp. 76
6.5Attachment, confiscation and penaltiesp. 77
Exam traps and quick checksp. 78
Practice: 16 questions in three roundsp. 79
Answers, with every wrong option explainedp. 81
Make it stickp. 83
Chapter 6 on one pagep. 84

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.