New Money Review podcast

New Money Review podcast

What is money laundering?

February 07, 2020

Neil Walsh, head of the Cybercrime, Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) Department at the United Nations, gives an exclusive interview to New Money Review.

Our discussion covers:

  • What is money laundering?
  • How much money laundering is there globally?
  • What is the difference between the UN and the FATF when it comes to perceived illicit financial activity?
  • The relationship between crime, terrorism and cryptocurrency
  • How have governments responded to the invention of cryptocurrencies?
  • How significant is the role of cryptocurrencies in money laundering and terrorist financing?
  • Efforts to improve the transparency of ownership of companies and trusts
  • Is the UK an example of best practices in money laundering or the main global promoter of financial secrecy?
  • On competition amongst jurisdictions to offer financial secrecy via corporate and trust structures
  • What is the role of NGOs and journalists in helping to combat money laundering and cybercrime?
  • Dealing with the kidnapping of cryptocurrency tycoons
  • Successes in combatting online child sexual abuse