“This is the model of Italian Renaissance banking.”

In this episode of Seize & Desist, host Aidan Larkin sits down with renowned financial crime journalist Oliver Bullough, author of Moneyland (2019) and Butler to the World (2022), to discuss why global money laundering continues to be an uphill battle despite decades of international effort.

Aidan and Oliver explore the roots and evolution of money laundering, from the Medici's of Renaissance Italy to the offshore shell companies of the Caribbean and the digital currencies of the future.

They also touch upon the UK’s pivotal role in facilitating illegal financial flows, the advent of hawala banking networks and the systemic challenges that impede effective asset recovery.

Timestamps

00:00 - Exploring the UK's Role in Money Laundering and Corruption

03:54 - Complex Global Money Laundering Challenges

11:23 - The Evolution of Value Transfer Systems Through History

16:06 - Rethinking Financial Crime Compliance

22:32 - Money Laundering's Influence on Global Crime

26:41 - The Role of Cash and Crypto in Crime Networks

30:45 - The Global Fight Against Money Laundering

38:28 - Recovering Covid-Related Fraud Payments

42:04 - Combating Corruption and Money Laundering

Resources Mentioned

Oliver Bullough on The Guardian https://www.theguardian.com/profile/oliverbullough
Books by Oliver Bullough:
Moneyland (2019)- https://amzn.eu/d/ezB43Rv
Butler to the World (2022) - https://amzn.eu/d/gaqVRE9

About our Guest

Oliver Bullough is an award-winning journalist and author of Moneyland (2019) and Butler to the World (2022). He is known for his in-depth reporting on offshore finances and the role of the UK in facilitating corruption, with his work regularly being featured in the Guardian, the New York Times, GQ magazine, the Economist, and other places.

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Ep. 19: Asset Laundering: It’s More Than Money with Oliver Bullough

Ep. 19: Asset Laundering: It’s More Than Money with Oliver Bullough