We cannot fight cross-border money laundering with local tools

As featured in Financial Times

Money Laundering


Today, money moves across borders at the tap of an app or the click of a mouse on the trading floor. But the global AML regime remains rooted in an age when cheques and money transfers took five days to clear. The criminal finance industry has, like so many others, globalised, but the response has failed to adapt - something the EU is only now proposing to address.