Our Lead Researcher Andres Knobel joined @MarcusPleyer, @maxheywood, & #IMF Deputy General Counsel, Yan Liu to discuss how #BeneficialOwnership & #AntiMoneyLaundering measures can strengthen the IMF’s work on #AML/combating the financing of terrorism work to achieve real change.

Join us tomorrow 11:30EST as @MarcusPleyer, @taxjusticenet @maxheywood and #IMF Deputy General Counsel, Yan Liu discuss how the IMF’s #AML/combating the financing of terrorism work can be strengthened to achieve real change. https://t.co/W5uvh1Zy7n   #IMFMeetings #CSPF

Everyone’s using ChatGPT. But most marketers are using it like BEGINNERS. That's why I built this 104 growth hacking prompt swipe file. And for the next 24 hours, it's free! To get it, just: 1. Follow me @agarwal__gaurav 2. RT this tweet 3. Reply "SWIPE"

In my local Berlin store today: pile of flyers for a demo calling to open Nord Stream 2. Supposedly organized by the ‘Association of Dessau Handymen’, from a town two hours away. Literally says NS2 ‘would be the solution to all our current problems’. Desperate, anyone?

Hard pass

Thanks for the great book @Gordonraphael! Got it via Panchi in Berlin and enjoying it in Greece now 😎

So apparently going easy on financial crime is part of the ‘Swiss commitment to excellence’. Or something.

Flagging pages 9-11 of this for the AML/Fincrime crowd. Sample quote: ‘Urgent improvement is required regarding overall sanctioning’ @KoosCouvee @ChaseFinCrim @WillFitzgibbon @dlonaml @shane_riedel

Inside Gazprom, the massive Putin-controlled gas firm that bullies governments and extends Russian power worldwide. “Gazprom has never been a normal company. It has always been a state-owned company with geopolitical interests.” My report

Fixed it @POLITICOEurope

It's one more example of how low of a priority tackling dirty money still is, beyond the rhetoric. For things to change, there needs to be much more attention to the systemic problem of how under-resourced and under-powered public authorities are. 12/12

This is just a small sample of the textboxes in the report, the whole thing is worth reading. And to be clear, this is not really about these 7 authorities or the EU. An assessment like this in almost any other country would likely find similar issues. 11/12

“We know our bank sucks at stopping dirty money, but hey, so does our supervisor” 10/12

Your bank can’t fully answer a risk questionnaire? no problem, here’s a waiver (!) 9/12

I mean it’s not like billions have been laundered through small bank branches in the EU in recent years 8/12

A risk-based supervisory manual, great! How is it being used in prac…? oh. 7/12

A supervisory strategy, great! Does it link to money laundering ris…? oh. 6/12

And one more positive finding that should be standard: using Suspicious Transaction Reports to inform risk assessments 5/12

Using on-site inspections to understand money-laundering risks and the quality of banks’ controls: apparently a unique supervisory experience 4/12

Same with supplying a supervisory manual. Just one authority out of seven is doing this? 3/12