20041007 In Hot Pursuit of Terrorist Funds

A paper presented to
6th Law Asia Business Law Conference
7-8 October 2004
Kuala Lumpur Malaysia

Nigel Morris-Cotterill

The Anti Money Laundering Network
www.antimoneylaundering.net

© 1994-2003 Silkscreen Limited .
Reproduction, replication, representation and I or the making of derivative works is illegal.

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20210907 Is it a spoon, a lining, a teapot? No, it’s an anniversary.

2021 marks the 25th Anniversary of the publication of my first book, How not to be a money launderer.

I’ve been wedded to the first edition of the first book for what would, if it were a she, be our Silver Anniversary.

So, I thought, let’s do something about that.

This is what I’ve done…

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20210801 Money laundering laws are useless; regulations are counter-productive. Governments think more of the same is the answer.

NMC big beard

You don’t need me to tell you that the cost-benefit equation of counter-money laundering laws and regulations is tipped way too far in the wrong direction, nor that the laws and regulations we have are onerous and infective, that the original plan, that ordinary people would watch out for dodgy activity and report it has been lost under a weight of bureaucracy.

You don’t need me to tell you that because you already know it.

The thing is, it’s a far from new problem. And supranational bodies, trade associations, legislators and regulators are hounding an already exhausted fox into a hole where the bites will cause irreparable harm, if they have not already done so.

 

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20200618 Of unlocking lockdowns and nasty people: My Newsletter

Thursday, 18 June, 2020 – 07:20

Good morning, good afternoon or good evening depending on where you are. Sitting at 101 degrees East, I’m roughly in the middle of the day for half of the world and in the tail end of the previous day for the other half.

That’s an example of how we tend to think in a very localised way, even when we are acting on a much bigger stage. But there’s more….

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20200419 All that glisters is not silver – Rihan v Ernst and Young

Nigel Morris-Cotterill

In one of the worst kept secrets of recent times, the case of Rihan v EY Global and others has reached its first major milestone – a formal hearing before the English High Court. It’s all about money laundering, skulduggery and all that sexy stuff. But that’s just froth. The real meat of the Order comes in the far less seductive part of the case – the choice of venue and corporate responsibility for downstream malfeasance.

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20200202 At last – Quick, the next generation of money laundering training

 

Nigel Morris-Cotterill

Good grief. This blog has always been a bit sporadic but now it looks downright dilatory.

So, you’d think that, except for one post last month I’d slept the winter away, wouldn’t you?

Nah.

There’s a story and this is the biggest milestone.

At least for now. There’s more to come.

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20190828 Reputational risk – first it’s one thing, then it’s another and now it’s both.

Wednesday, 28 August, 2019 – 11:54

When I first started working in money laundering risk management in the early 1990s, reputational risk was something that greatly exercised my mind: surely customers would walk away from financial and professional service providers associated with laundering. That didn’t happen.

Something else did.

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20181106 – The blockchain and what financial crime risk officers need to know

Nigel Morris-Cotterill

The near-Messianic fascination with all things “blockchain” introduces a risk for financial crime risk officers. While the blockchain, as a part of a suite of technologies that work together can provide certain forms of security, there is a flip-side. The same security protocols can obscure information that FCROs would ordinarily expect to have as part of their routine KYC data.

What do FCROs/ MLROs / AML Risk Officers need to know?

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20170214 Comments to Complinet re De Risking and Watch Lists February 2017

Nigel Morris-Cotterill

Following the case in which a bank dropped a mosque as a customer based on information in a watch list, I was contacted by Complinet, for which I am a consulting editor, and asked for an opinion on the general circumstances of financial institutions, watch lists and de risking in general. I was not invited to, and did not comment on, the specific case.

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20160115 How DailyMotion.Com profits from criminal enterprise and may be helping terrorists.

Friday, 15 January, 2016 – 00:00

I woke this morning expecting to pack for a trip, do a few bits and pieces at work, put the data I need for travel onto a portable drive and clean the house so I don’t come back to a dump, all after enjoying the first cup of tar-like coffee that starts my day.

As usual, while the espresso machine was heating up, I turned looked at the overnight e-mails. There, right in plain view, was another example of why the internet needs a major clean up.
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How not to be a money launderer : Nigel Morris-Cotterill

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.

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