The History of Money Laundering in the UK

During your time at the UK's Ministry of Finance, HM Treasury as it's known in the UK did you always suspect there were problems in the system or was that period an eye opener for you? I spent a large part of my time trying to justify the money laundering regulations in the UK to senior officials and ministers. In terms of the action that we started seeing from banks not least as you mentioned from the US that felt long overdue. There was a complete different culture back then and it wasn't that long ago you know we're talking 12, 13 years ago in the banks.