A paper presented to
6th Law Asia Business Law Conference
7-8 October 2004
Kuala Lumpur Malaysia
The Anti Money Laundering Network
© 1994-2003 Silkscreen Limited .
Reproduction, replication, representation and I or the making of derivative works is illegal.
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…
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.
Saturday, 8 August, 2020 – 08:00
In this newsletter:
Covid-19 won’t go away, why I gave up with podcasts in 1997 and how the number 8 is playing a huge part in the launch of a new course on correspondent banking, value transfer systems and remittances.
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….
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.
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.
As of 9th May 2021, this title is no longer available in paperback or e-book.
The book, updated, is now available as an e-learning course at www.financialcrimeriskandcompliancetraining.com
Published 27 October 2015
Q & A with the author
Essential Reading for money laundering and financial crime practitioners
The avoidance of fraud and money laundering in your organisation
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.