About Money Laundering Intelligence:
Why MLI?
Austrac, Mallesons Stephen Jaques, Axa Australia and KPMG are just four of the leading institutions which have subscribed to Money Laundering Intelligence in recent months. They reflect the established consensus that money laundering represents a serious and growing threat to the international financial system...one that must be countered at all costs.
Money Laundering Intelligence has been launched at a critical time for Australia’s finance industry. The government has recently introduced draft laws which effectively require companies to act as vigilantes in the fight against money laundering and terrorism financing.
Compliance with the new laws is fast becoming the leading issue faced by financial institutions, with many concerned about the overheads and complexities of due diligence.
Those affected need to carefully reconsider their management of customer relationships and transaction data. Financial institutions will be obliged to have improved measures in place to undertake ongoing due diligence of a customer’s transactions. The creation of new customer relationships will be subject to new identification requirements and customers who are “politically” exposed are likely to be subject to additional scrutiny.
This is why we launched Money Laundering Intelligence. Our aim is to be the voice of the industry, helping it to digest, analyse and interpret the changes in the laws as the rules, guidelines and operating procedures are being developed.
We will also bring subscribers up-to-date with developments throughout Asia and the world and have a number of correspondents working to capture the most useful and exciting information as it happens.
Who Is MLI?
Money Laundering Intelligence is run from Sydney by Adam Courtenay, who has extensive experience in editing and reporting on the subject in the UK.
He founded The Money Laundering Bulletin in the UK from 1994 to 1998 and went on to edit Fraud Intelligence and Operational Risk Manager from 1998-2000. From there he became a senior production editor at the Financial Times in London. He has been a regular contributor to The Australian Financial Review’s Special Reports and Smart Money sections since returning to Australia in 2003.
Adam has established vital links with the organisations that matter in getting first hand information on money laundering, including government agencies, leading international banks, insurers, accountants, regulators and law firms.
In Europe the team is strengthened by the knowledge and experience of Rowan Bosworth-Davies, a former lawyer and Intelligence officer at the UK’s Scotland Yard. Rowan needs little introduction within anti-money laundering compliance circles and is considered among the most knowledgeable – and contentious - writers on the subject of money laundering, fraud and international white collar crime.
He is currently the European director of fraud and money laundering solutions at SAS Institute.
In Asia, MLI has the Kuala Lumpur-based Nigel Morris-Cotterill, formerly an English solicitor who heads The Anti Money Laundering Network. He has often been described as a counter-money laundering guru with an encyclopaedic knowledge and deep understanding of fraud, money laundering and IT crime and how to detect and deter them.
