The global narrative on AML is set by repetition. This post explores some of the potential solutions that are not being included.
A Fair Cop
A simple guide to money laundering, confiscation and corruption
The global narrative on AML is set by repetition. This post explores some of the potential solutions that are not being included.
A recent RUSI commentary by Helena Wood invited the Financial Action Task Force to promote innovation via its forthcoming Review of Asset Recovery. The article attracted positive comments on LinkedIn including an observation from Richard Gould (a former FATF Evaluator) that “The potential to use the methodology in the way recommended by Helena is, in …
The global anti-money laundering regime is in crisis, not from lack of resources but from lack of understanding. We need to get back to basics, right back to Eve, the first woman (in the Christian tradition) and the first thief and money launderer. Eve was the one who took the Fruit of the Forbidden Tree …
Every year hundreds of thousands of people in the worldwide financial sector generate information about money they suspect to be the proceeds of crime, they do this so that law enforcement can identify and recover it. Every year they assume that courts confiscate at least some of the money. The courts could do this, in …
The crime rate in England rose year on year for forty years from 1955 to 1995. Then it fell steadily for twenty years until 2015. Something happened, but what was it? This short paper is focuses on the acquisitive crime rate (theft, burglary, robbery, etc.). Acquisitive crime is on the rise again, will we learn …
Modern confiscation in the UK can be divided into three main phases lasting about 15 years each. From 1971 to 1986 (instrumentalities only), 1986 to 2002 (direct proceeds), 2003 to 2017 (direct, indirect and criminal lifestyle proceeds).
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