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by George Cottrell (Author), Lawrence Burke Files (Author)
Money laundering is as old as money itself - and yet the laws designed to prevent it are as ineffective as they have ever been.
Today's anti-money laundering laws stop only a staggering 0.05 per cent of global illicit financial flows, while significantly increasing the regulatory burden on legitimate businesses and consumers. Fraudsters and criminals stay several steps ahead of regulators, while it often costs governments more to execute forfeitures than they reap from them. In short, it's abundantly clear that these laws, though set up with the best of
intentions, are not working.
Billions move around the world in cash, gold and other assets every day without a trace. How to Launder Money explains how and why, breaking down in delicious detail the mechanics of money laundering - not to enable wrongdoing but to illuminate it, to showcase the bent levers of finance and how they are pulled. While acknowledging the challenges faced by law enforcement, it also provides concrete recommendations on how to reduce the crime associated with money laundering, empowering readers, professionals and policymakers to recognise vulnerabilities and understand what truly works in the fight against financial crime.
The criminals already know how to launder money; this is, in part, their inside story. This book is for the rest of us, who want to know how the laws that are supposed to protect us are in reality doing more damage than ever before.
Author Biography
George Cottrell is a British financier and political strategist. In 2016, at the Republican National Convention, he was arrested on allegations of a money-laundering conspiracy. He now leads Geostrategy.com, advising political parties and governments globally. All his proceeds from the book will be donated to charitable causes. Lawrence Burke Files is an international financial investigator, due diligence expert and instructor who has handled cases in over 130 countries. He brings his practical investigative and problem-solving experience to his lectures on due diligence, AML, finance, risk management and anti-corruption. Prior to founding FE&E, Inc., Inc., he served as the director of corporate finance for investment bank American National. He is the author of the award-winning book Due Diligence For The Financial Professional, 2nd Edition.
