20211117 To add speed, add lightness: applying engineering principles to financial crime risk and compliance.

Listen to this blog at Financial Crime Broadcasting


Let’s start with a statement that will upset the bubble people who pay attention only to those of like mind and will be applauded by those who truly understand the issue of financial crime risk and compliance both from the point of view of practitioners and in legislatures and regulators.

The reason that financial crime risk and compliance doesn’t work effectively is that it’s over-complicated and flabby. It is, in every sense of the term, ″not fit for purpose.″ There is, quite simply, just too much, too much detail and too much that is is counter-productive and counter-intuitative.

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20200226 When the whole world has gone mad, only the sane look crazy

 

Nigel Morris-Cotterill

The world is mad. There is an overwhelming sense of a need to belong.

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20181120 Where compliance fails and the Carlos Ghosn case

Nigel Morris-Cotterill

The surprising news that Carlos Ghosn has been arrested on tax evasion charges in Japan and has already been turfed out of at least one of his senior positions in the Nissan-Mitsubishi-Renault triumvirate which he is widely regarded as having brought, in each case, back from the dead is worthy of comment, regardless of the eventual outcome of the investigation and charges.

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