

Re-thinking the ‘War on Dirty Money,’ with Tristram Hicks
5 snips Apr 17, 2023
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Episode notes
Critique and Reset Needed
- The book critiques the current ineffective global anti-money laundering system and offers concrete solutions.
- It provides a comprehensive history and highlights the need for a reset to operational effectiveness.
FATF's Achievements and Flaws
- The FATF established global AML standards and transformed money laundering into a crime in over 200 jurisdictions.
- However, it has shifted toward compliance tick boxes rather than operational effectiveness.
Make Evaluations Flow-Based
- Evaluations should focus on financial flows between countries, not isolated country snapshots.
- They should also highlight good practices, not just blame countries, for improved global understanding.