This book serves as a practical guide for financial, compliance and audit staff by providing a thorough description of investment banking and the complex world of money laundering. Topics covered include underwriting, market making, agent function, distribution, pricing, dilution, private placement, and more. The author, Bob Walsh, is widely regarded as one of the leading authorities in this field. He is convinced that providing financial and compliance professionals with a better understanding of how investment banking functions can dramatically improve related compliance and audit results. This book is one of several compliance books written by Bob Walsh including a special series of guides prepared specifically for AML auditors. In addition, he has published books that describe the functions and inner workings of key financial services. The information presented was composed from his decades of hands-on experience in the banking and financial industry working with domestic and international banks, Federal Bureau of Investigation, Federal Reserve Bank of New York, and AML/KYC consulting agencies on some of the more notorious cases in banking history.As one of the leading authorities in the field, Mr. Walsh assists banks with AML/KYC auditing, investigations, compliance assessments, remediations and related AML/KYC technical training. His office is located in New York; he may be contacted by email at: walsh516@aol.com.