20210419 RegTech: Knowledge, Belief and Suspicion and the trap of Wilful Blindness.

I first wrote about wilful blindness in 1996 in my book “How not to be a money launderer” and I said then that it was destined to be the central point on which all counter-money laundering laws would hang. I wasn’t wrong then and I’m not wrong now.

To understand it, we’ll take a quick romp through knowledge, belief and suspicion and then why machines cannot and for the foreseeable future will not be able to identify suspicion.

Blog / cast: Financial Crime Broadcasting