I am constantly amazed by the utter rubbish spouted by so many so called experts in the field of counter-money laundering, including many who proudly add various letters after their names.

The false information they spread fundamentally undermines all efforts to properly educate those upon whom the responsibility for detecting money laundering falls. That includes front line staff, new entrants to the field and those in positions of responsibility in all manner of businesses, not only financial institutions.

We don't have to argue for or against the macro effects of global warming. Just look out of the window, or count the number of showers you need each day.

Yanis Varoufakis, has resigned. In one of his last pronouncements as Greek Finance Minister, Varoufakis said the idea that Greece could print Drachmas was a fallacy. He is reported as having said "we destroyed all the presses."

While he might be right in one respect, that of printing actual Drachma notes, he's fundamentally wrong in another. There is an option that would fix much of the crisis - although it's one that would cause the EU to have a major fit.

We've been here before and if it wasn't so serious, at least part of it would be funny.

Instead, MLROs across Europe have a nightmare in the making.