How not to be a money launderer

How not to be a money launderer was, quite probably, the most influential book about money laundering risk and compliance ever published.

In many respects it still is.

Now out of print pending a third edition in late 2024.

Essential Reading for money laundering and financial crime practitioners

The avoidance of fraud and money laundering in your organisation

Nigel Morris-Cotterill

First edition: 1996

Second edition: 1998

Second edition reprint ebook: 2010

Second edition reprint paperback: 2011

This book established Nigel Morris-Cotterill as a critical thinker and long-term strategist, explaining a comprehensive approach to help create systems and controls that would be stable and to not require constant change which is both costly and militates against the effectiveness of systems up and down organisations.

This is the book that first addressed money laundering risk and compliance as separate issues. Years later, others argued for a “risk-based approach.”

This is the book that described how customers in trade used their business activities to launder. Years later, others said it was “trade based money laundering.”

This is the book that first described the illicit trade in minors for sex and for international movements of persons to work in the sex trade. Years later, others claim it as “human trafficking” or “sex trafficking.”

This is the book that first explained that private schools and hospitals are at risk of receiving proceeds of criminal conduct and, therefore, becoming money launderers.

Oh, and it explains the risks of virtual currencies, too.

Yes, you remembered it right: it was in 1996.

It was, simply, a book that was so far ahead of its time that even today, the things that were highlighted are coming to be considered important priorities.

Written for ordinary people in ordinary companies doing ordinary jobs, the book has found a ready market in the offices of prosecutors, regulators and others defence lawyers as well as risk and compliance officers around the world.

Available now from Amazon group companies and good bookshops everywhere.

69% of Amazon ratings give five stars.

Language ‏ : ‎ English
Paperback ‏ : ‎ 520 pages

About the author

Nigel Morris-Cotterill is a highly regarded specialist in counter-money laundering strategies. Since 1994, he has advised countless businesses and government departments on the development of money laundering and terrorist financing Risk Management and Compliance policies and procedures, delivered hundreds of days of high-level seminars and workshops, written innumerable articles for a wide range of publications as well as developed e-learning and risk-assessment tools for use in banks, insurance companies and many more.

The author of “How not to be a money launderer,” Morris-Cotterill is more likely to be found on an aeroplane or in an airport than at a desk and more likely to be almost anywhere in the world other than at home.

“How not to be a money launderer” sold on every continent except Antarctica – presumably because penguins don’t know how to launder money.