Épisodes

  • Tick-a-box vs Outcomes - are documented risk assessments necessary?

    Tick-a-box vs Outcomes - are documented risk assessments necessary?
    Jun 23 2025
    Don't give me rules, give outcomes; don't ask for risk assessments.

    This episode explores the effectiveness or otherwise of rules-based legislation versus principles-based legislation intended for anti-money laundering. Will financial institutions find it easier to apply or not?

    A related regulatory requirement is to draft extensive risk assessments. Do we consult them when a risk occurs? Businesses manage their risks anyway - why do they need it to be documented?

    An opinion is given on whether the financial impact of money laundering is ever factored into published economic statistics such as GDP.

    Join Dawn as she speaks with Louize Hermitage-Holt and Aziz Boghani from The Goose. Connect with Dawn on LinkedIn · The Shepherds of Inequality · Beyond Play
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    30 min
  • FATF: Fighting Financial Crime or Fueling Illusions?

    FATF: Fighting Financial Crime or Fueling Illusions?
    May 13 2025
    In this thought-provoking episode, financial integrity expert Dawn Pretorius and Professor Louis de Koker delve into the complex world of the Financial Action Task Force (FATF); its origins, effectiveness, and the unintended consequences of its global standards.

    Established in 1989 by the G7 to combat money laundering and terrorist financing, FATF now influences global financial regulations. But has it lived up to its mission? Dawn and Lois unpack the nuances behind the numbers, the realities of implementation, and the costs — both financial and social. Connect with Dawn on LinkedIn · The Shepherds of Inequality · Beyond Play
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    34 min
  • Politics, Rule of Law and Tax

    Politics, Rule of Law and Tax
    Feb 28 2025
    In this episode, we dive into the intricate connections between politics, the rule of law, and global economics—where money laundering plays a central role. From corporate power and tax havens to the unintended consequences of globalization, we explore how illicit financial flows distort economies, deepen inequality, and undermine democracy. With billions of dollars hidden offshore, governments lose vital resources needed for infrastructure, healthcare, and education, widening the wealth gap.

    Is money laundering as serious as climate change? Absolutely. It fuels corruption, strengthens organized crime, and weakens financial systems worldwide. We’ll unpack how compliance efforts often fall short and why financial institutions face an uphill battle against an ever-evolving global network of illicit finance. Join the conversation and challenge the narratives shaping our economic reality. Connect with Dawn on LinkedIn · The Shepherds of Inequality · Beyond Play
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    15 min
  • Money Laundering in all its glory

    Money Laundering in all its glory
    Feb 28 2025
    Episode 1 of The Laundromat dives deep into the world of money laundering, exposing the staggering scale of financial crime across the globe. From major banking scandals like TD Bank’s involvement in laundering fentanyl profits to Mozambique’s $2 billion fraud, we uncover how illicit funds flow through legitimate systems, often with minimal consequences for the perpetrators. Cyber scams, shell companies, and underground banking networks all play a role in this multi-trillion-dollar problem, affecting economies, businesses, and everyday people. With technological advancements, criminals continue to adapt, making it increasingly difficult for authorities to keep up.

    But what about the fight against money laundering? We explore the challenges regulators face, the evolving landscape of financial crime, and the role of AI in detecting fraudulent activity. From cybercriminals exploiting cryptocurrencies to governments struggling to close loopholes, this episode raises critical questions: Why are AML controls failing? What are the biggest red flags investigators look for? And most importantly, what can be done to curb this ever-growing threat? Join us as we peel back the layers of corruption, fraud, and deception shaping the financial underworld. Connect with Dawn on LinkedIn · The Shepherds of Inequality · Beyond Play
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    19 min