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Morris-Cotterill

IMPORTANT NOTICE: 20190606

This article was published yesterday under the title "It's Time To Take Care Of Yourself How did it come to this? A healthy teenager is put to death, at her own request." It has been brought to my notice that, despite finding apparent confirmation of a significant fact across many examples of reputable media, the information was unreliable. Equally, at least at the time of writing this notice, it is not clear that the contrary views are reliable either. Nevertheless, I have made modifications to the article so as to avoid any potential distress to the family of the girl concerned, while the vast majority of the article is about circumstances rather than that specific case. The article is, therefore, republished as amended.

Mark Zuckerberg is great at making things up but over the weekend, he's proved that he's also great at coming up with other people's ideas. How do I know? Because the other people whose ideas he's come up with is me and I published them in a book in 2015 that leaned on material I'd published, originally, in the late 1990s.

CoNet Section: 

The Law Society of England and Wales has, since the early 1990s, fought a rear-guard action against the engagement of solicitors in counter-money laundering efforts. The Regulator, which was first a division of the Law Society and then spun off to become a ludicrously politically charged enforcer of any passing social fad had, at that time the correct view that solicitors were within the scope of the original Money Laundering Regulations. At last, the regulator, now known as the Solicitors (sic) Regulatory Authority (it's so trendy it doesn't use an apostrophe where its name demands one) has decided that money laundering is something it needs to pay attention to. The Law Society is on a war footing, declaring the SRA's action "an assault."

Released today, the first video from the new double, bi-lingual album from James Yang.

James Yang 楊永聰 《溫柔地,暴烈地 》Official Music Video

OK, so the headline's a bit click-baity. This is what happened: a pal and I were chatting about Deutsch Bank and he said that he wondered what investigators might find about Trump and his dealings with Russia.

CoNet Section: 

In this conference paper, presented in Singapore on 31 July 2003, Nigel Morris-Cotterill looked at the then novel concept of Enhanced Due Diligence.

This article was first published by Nigel Morris-Cotterill in June 2003
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The financial services industry is getting only part of the risk management and anti-money laundering point. And modern business models in banking and insurance militate against effective know-your- customer procedures says Nigel Morris-Cotterill of The Anti Money Laundering Network.

New legislation introduced into New Zealand's parliament yesterday will plug some surprising holes in the country's counter-money laundering laws. But it's important to recognise that New Zealand has some special problems that, in essence, mean that this developed economy should be measured against developing economies when regulatory, etc. rules are considered, says Nigel Morris-Cotterill. The Bill contains one major foul-up, he says.

Around the turn of this decade, Nigel Morris-Cotterill had surprisingly open access to the Embassy of North Korea in Kuala Lumpur. His experiences are instructive and fascinating.

Cleaning up the 'Net

An action plan to combat the use and abuse of the internet for financial crime

Nigel Morris-Cotterill
PMB Book Format: 
Paperback
PMB Genre: 
Business and Professional
Publisher: 
Vortex Centrum UK /...

The internet is not a thing, it is not a place, it is not a person.

The internet, of itself, does nothing. It performs no function.

The internet does not form intent. It has no conscience.

The internet is like the pipes in a domestic plumbing system.

The plumbing system allows the delivery of water to terminal points: taps, showers and toilets. The internet allows the delivery of instructions and information to terminal points - computers.

Yanis Varoufakis, has resigned. In one of his last pronouncements as Greek Finance Minister, Varoufakis said the idea that Greece could print Drachmas was a fallacy. He is reported as having said "we destroyed all the presses."

While he might be right in one respect, that of printing actual Drachma notes, he's fundamentally wrong in another. There is an option that would fix much of the crisis - although it's one that would cause the EU to have a major fit.

The Legal Services Board is supposed to be the regulator of regulators for the legal profession in England and Wales. Its leader is not a lawyer and has, therefore, never been in practice. When the Legal Services Board wanted a review of "The Cab Rank Rule," they turned to a couple of academics and told them to read about it and write about what they found. They were both eminently qualified (not), having written a lot of stuff, read a lot more (quoting a lot of it in the stuff they wrote). Oh, and neither of them had ever held a responsible post in law or, for that matter, outside academia. And it's been a pointless exercise in proving the obvious, says retired solicitor Nigel Morris-Cotterill

CoNet Section: 

In 2011, Compliance Complete (Complinet) published a series of articles titled "What's Wrong with Counter-Money Laundering Laws?".

The articles promised that the author, Nigel Morris-Cotterill, Head, The Anti Money Laundering Network, would subsequently supply a draft law designed to improve on existing legislation.

As Lord Woolf confirms that the Court of Appeal was wrong to allow John "Goldfinger" Palmer to retain proceeds of fraud, the Home Office is deciding whether to try to use the Proceeds of Crime Act to attack the funds. Easy-peasy, says Nigel Morris-Cotterill

The latest plan to restructure the balance sheets of Japanese banks, overburdened with "non-performing loans," is bound to lead to fraud and corruption, says leading counter-money laundering strategist Nigel Morris-Cotterill, Head, The Anti Money Laundering Network.

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