This is not like my usual blog posts, which is why it is appearing at the weekend. I have had an idea for another AML project – you know how I love a juicy AML project – and I want your views. I am wondering about writing a book about money laundering and AML, but this time for the general public. The topic of money laundering appears more and more in the press and the news, just mentioned in passing, and I thought there might be scope for a slim volume (along the line of the piggies) explaining what money laundering is, why it is so damaging and what happens if criminals manage to infiltrate (and perhaps ultimately control) financial and related institutions (including wider concerns, like the reduction of money available for essential public services, and the general loss of trust in the financial system). I would then talk about AML measures, in a bid to explain why banks and other are so demanding these days in their due diligence enquiries, and what is actually required by law rather than by the procedures of individual institutions. (For this last bit, I would have to avoid mention of specific legislation – not least because that would make for dull reading – but talk instead of AML principles, which would also internationalise the book.)
Now I would enjoy writing such a book, of course – I enjoy writing anything about AML. And the readers of this blog might enjoy reading it. But do you think that there would be general public appetite for something like this? I could try to persuade, for instance, financial regulators and banking bodies to promote it, as part of a public education remit, but I know from other endeavours that such organisations are usually reluctant to endorse commercial products.
Any comments, suggestions, warnings and/or encouragement will be gratefully received!