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Defeating Money Laundering with Rational Thinking, Not Compliance Red-Flags
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Ep 48 with Dr. Mariola Marzouk (Vortex Risk Ltd.)
In this episode of Regulatory Ramblings, Dr. Mariola Marzouk, an AML expert who has co-founded Vortex Risk Ltd., shares her insights on trade-based money laundering (TBML), and her philosophy on financial crime prevention. She talks about her approach to leveraging RegTech, the importance of human judgment in AML, and her critique of the global financial regulatory landscape. She also discusses regulatory compliance technologies for their failure to effectively combat money laundering and argues that despite claims of innovation and disruption, these technologies focus more on regulatory adherence than understanding the complexities of financial crime. Marzouk contends that while these tools may expedite compliance processes, they do little to reduce criminal activities or address broader social injustices like poverty and sanctions evasion. She suggests a disconnect between industry claims and their actual impact on financial crime prevention.
Read more about this podcast and Dr. Mariola Marzouk at www.hkufintech.com/regulatoryramblings
HKU FinTech is the leading fintech research and education in Asia. Learn more at www.hkufintech.com.
Chapters
1. Defeating Money Laundering with Rational Thinking, Not Compliance Red-Flags (00:00:00)
2. Mariola Marzouk's Journey into Financial Crime (00:03:09)
3. Combating Trade-Based Money Laundering: A Personal Pursuit of Restorative Justice (00:09:58)
4. Disrupting the Norm: Money Laundering and Regulatory Realities (00:15:25)
5. Unveiling Trade-Based Money Laundering: Beyond Trade Finance Myths (00:26:43)
6. Technology in Regulatory Compliance: Unfulfilled Promises and Hidden Realities (00:35:03)
7. The Disconnect and Challenges in Developing Effective RegTech Solutions (00:41:08)
8. Challenges of Automation and Critical Thinking in Financial Crime Compliance (00:50:20)
9. Assessing the Effectiveness of Sanctions Amidst Strategic Adaptations (01:02:52)
10. Bridging Divides through Education (01:06:34)
11. Gender Dynamics and the Future of Anti-Money Laundering (01:12:57)
77 episodes
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