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SLP318 Ronald Pol - The ineffectiveness of AML

Stephan Livera Podcast

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Does the Fadef Model Work?

In 19 91, very few countries had signed up to the fadeff standards. The reason for that was because fadef couldn't prove that following these standards would have a significant impact on crime. But in fact, when you look at their data, and you look at some extra work done by the euripolips afterwards, it probably actually point one per cent or less. In terms of money lordering around the world, not just crime but also terrorists et cetera is still quite low. And there's lots of other work coming out with another trio of professors,. m shortly vaed, which demonstrates how simple it is for criminals to hide proceeds of crime from authorities.

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