When I listen to expert panels on money laundering, when I review government reports, when I attend expert Anti-Money Laundering panels facilitated by NGOs and Money Laundering Experts, I ask myself where is your LOGIC?
After spending the last several decades reviewing, analysing and combatting criminal networks and being intimately involved in cartel operations in Canada, including the infamous Chapo Guzman network, as well as fending off Chinese and Middle Eastern networks, the same question always comes to mind.
Where is the logic in the response to money laundering threats?
Both in the public and private sectors?
Allow me to introduce a few key considerations.
It’s like ‘water is to wet’, in essence they are the same thing.
Second – it’s a wicked problem. Not A problem, it’s a WICKED PROBLEM.
It’s complex and has multidimensional factors. It’s layered politically, economically, socially, legally and historically.
Then, there is security complexity. Money Laundering is fluid, it’s dynamic and unpredictable.
Third, Wicked Problems need wicked solutions.
A model with five key components.