The Right Stuff [Video]

From initial focus on money in illegal narcotics, the AML project has evolved and expanded over the last four decades to cover the proceeds of many more predicate crimes and a growing range of reporting sectors - but is it achieving anything worthwhile? In a wide-ranging discussion, Jim Richards, frontline AML veteran and close observer of the financial crime scene, talks to Paul Cochrane about priorities, resource allocation, jeopardy and impact across private and public sectors, why he likes rules, would ban crypto ATMs and puts a question mark over the risk-based approach.

From initial focus on money in illegal narcotics, the AML project has evolved and expanded over the last four decades to cover the proceeds of many more predicate crimes and a growing range of reporting sectors - but is it achieving anything worthwhile?