Potential publication: your views, please

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!

This entry was posted in AML, Money laundering, Publications and tagged , , , , , , , , . Bookmark the permalink.

7 Responses to Potential publication: your views, please

  1. Tina says:

    I think it would be a great idea and as well as informing ‘Joe Public’ that money laundering isn’t just about the street drug dealer. it could be used in training material. I’d have no hesitation in recommending (making) staff in my organisation read it as part of their AML training. Go for it, your work is great and very informative.

  2. Jan Morris says:

    Hi Sue Hope you are still on for rendezvous in Guernsey. Having read your blog I, as a member of the public and CAB advisor, would be delighted if you would write such a book. We get a few questions as to why the banks are wanting, yet again and again and again passport details! Our bank lost all he data first time so asked for it all again!

    I’m in Edinburgh. Have just seen Fascinating Aida ….absolutely brilliant as per usual….their political songs proved very apt …..you would have lovd their take on Brexit! It got the loudest cheer! Also just seen a very clever ‘mind reader’ called Colin Cloud. I know it’s all trickery, but it’s bloney impossible to work out how it’s done. Love from Jan x

    On Saturday, 27 August 2016, I hate money laundering wrote:

    > ihatemoneylaundering posted: “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 a” >

  3. Nick Gilmour says:

    Want a co author? Very good idea.

  4. Hayden Morgan says:

    I go with the first part, the second maybe it is time to explore further than saying why KYC is so demanding. Such points as why banks don’t trust their sales people or other banks anymore. The big issues such as so called Country Risk ratings and the problems that have led many banks to simply de-market people on their apparent connection to certain jurisdictions. The actual damage arising from making an assumption on single risk vector is dangerous and in the long term could prove a rather expensive regulatory mistake. Let alone the Global economic effects. Why so many large institutions cannot differentiate between managing the process and managing the risk, by this I mean having to review every piece of data as a sign of confidence rather than identify risks. The increasing influence of open source media and why financial institutions really struggle with PEP’s and high profile individuals and adverse media. Why not include the appetite for certain US bodies not to pursue prosecutions but rather settlements on any dollar connected activity. The point being is it is all entering a different phase of evolution.

    Maybe a bit heavy for some of your audience?

  5. P DHANA KUMAR says:


    Please discuss about money laundering through virtual currency like bit coin…

  6. Claire says:

    I think it’s a great idea! I hope that in the future you will also think of a version for children / adolescents / young adults. You have to educate people early! And it would be good to address an international public. And yes, I think Hayden Morgan’s suggestions are heavy 😉 Most people know nothing about financial institutions and financial crime. Lots of people just want to make some easy money. They should understand the consequences of their actions, not only in their own life, but all the other people down the line of the money laundering scheme.

  7. Claire says:

    I wanted to add some more: People are always ranting on how tax money is spent on eg refugees, and not on the poor in their own country. Of course, when the refugees are not around, those poor are just freeloaders. But no one is ranting about financial crime. About money laundering. About huge amounts of missed tax income. I think AML education is about moral values too.

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