How Does That Make You Feel?: Identifying Suspicion in Money Laundering and Terrorist Financing

The Essential Guide to suspicion in financial crime. "How does that make you feel?" Identifying Suspicion in Money Laundering and Terrorist Financing. Every Money Laundering Risk Officer (MLRO) dreads being asked one, simple, question. It's the same question every time: "How do I know if I'm suspicious?" It's a simple question but there is no simple answer. Until now. In "How does that make you feel?" Nigel Morris-Cotterill, a counter-money laundering strategist for twenty years, analyses legal and regulatory regimes, psychology, social sciences, even metaphysics and pop culture. He draws on a huge range of material from academic studies to regulatory and legal findings, from movies to his own ability to identity and manage far-off risks. He identifies characteristics that encourage or discourage the recognition of suspicion and the filing of SAR / STR s. The book is non-linear, in "phases" rather than chapters, as multiple approaches are examined in parallel rather than in sequence. There are surprisingly few overlaps until the moment when a decision as to suspicion has to be made. This, Morris-Cotterill, says is at the heart of why the question is so hard to answer. Simply, there are far too many and far too diverse starting points - and law and regulation are, more often than not, not among them. The book is a serious book covering a serious subject but it is written in a simple way. Many readers will have English as a second or third language. And many do not want and do not have the time to dredge through academic terms and management-speak. "How does that make you feel?" is a jargon-free zone. Morris-Cotterill hunts for that elusive answer, the one simple, single sentence that all staff can understand, the sentence that will give MLROs peace of mind, that will mean they do not stand, eyes wide open like a deer in the headlights, hoping for inspiration. Spoiler alert: he finds it. --------------- For more on this and other books by Nigel Morris-Cotterill, and his expertise, see www.countermoneylaundering.com ----------------

About the Author :
Nigel Morris-Cotterill, the counter-money laundering strategist, has been protecting organisations against money laundering risk for 20 years. Before that, he was a litigator in private practice. He understands money laundering. Morris-Cotterill communicates that understanding in ways that help the reader relate to the subject making comprehension, retention and application easier. Nigel Morris-Cotterill is Head, The Anti Money Laundering Network where he oversees a range of services from information services such as World Money Laundering Report to hosted e-learning (Quick To Learn More, from consultancy to face to face training - in house and in public session (The Financial Crime Forum). He is a contributing editor to Thomson Reuters Accelus / Complinet. Morris-Cotterill is the author of "How not to be a money launderer" and "Sun Tzu and the Art of Litigation."