“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
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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