ManchesterCF Analytics is circulated to clients and industry professionals to provide some insight into the complex world of financial intelligence. There is no charge for a subscription. Feedback is always welcome. See samples below.
At a watering hole in the Toronto financial district, your correspondent met a hedge fund manager who spoke loudly about his success in China. After listening to a fantastic tale about the intricacies of financial brilliance, it became apparent that the hedge fund manager was an unwitting money launderer, completely unaware that the transactions involved were about skirting capital flight regulations in China under the guise of legitimate equity lending schemes and relied on the hedge fund manager’s complete ignorance of money laundering in capital markets.
What Not To Do
Every financial institution wants an answer to the question, “Is my anti-money laundering compliance training program effective?” The short answer is, “It’s hard to tell.” By definition, preventing financial crime does not produce quantifiable statistics upon which to calculate effectiveness. Despite the lack of metrics, based on over a decade of producing and implementing financial intelligence training, ManchesterCF can offer some simple hints on gauging whether a financial intelligence training program for a financial institution is heading in the right direction.