silkscreenCONSULTING

One day, two City types were walking through the park near the zoo and they heard a scream.

"Watch out, The Lion's loose," yelled a keeper - hiding inside an empty cage. The two City chaps heard the cry and one stopped, took a pair of running shoes from his briefcase and quickly slipped them on.

As they jogged off together, the one in city shoes said to his sneaker-clad pal "you don't think that those shoes are going to help you outrun the lion, do you?"

"No,", said his pal, surging ahead. "But I don't have to outrun the lion, I only have to outrun you."

Some people think that just enough is good enough. And there are some that think that knowing what the law and regulation says is all they need to know to help your organisation build effetive counter-money strategies and to provide effective face to face training.

They don't understand, and cannot explain to you and your people, the risks you face and how to manage them. They know all the buzzwords, and they talk convincingly, but they don't have in depth knowledge of how money launderers operate, the devices they use and the ways they use organisations like yours.

For them, compliance is enough. They think they should just tick boxes to say the essential elements of an anti money laundering compliance system have been met.

For Regulators are the lions. And usually the approach of regulators is that of "devil take the hindmost" - catch the least performing and hope that the rest of the market learns the lesson. Like lions, regulators have a limited capacity to consume what they catch - and often other regulators and agencies are brought in to feed, especially in the USA where state and federal regulators and enforcement agencies often work together.

But the criminals are not looking to feast on the slowest - criminals are looking for the target that is one step ahead. They know that if they choose the slowest, they will soon come to the attention of the regulators and enforcement agencies. But they still need to find somewhere with systems and controls and risk management approaches that are not the very best.

So simply doing better than the worst will not protect you against the bigger risk - that of actually becoming - innocently or not - a money launderer.

If just enough is good enough for you, then there are plenty of people wanting to work for you.

But if you want to go beyond the basics, then you need to talk to Silkscreen Consulting.

Silkscreen Consulting doesn't just go the extra mile - it goes the extra thousands of miles, criss-crossing the world helping organisations and governments like yours. And it's been doing it for much longer than most consultants who claim expertise - even in big firms.

If you just want to outrun your pals, that's fine. If you want to divert the lion, then so be it. Call someone else.

If you want to outrun the bigger risks and threats that don't even have a name yet - call Silkscreen Consulting.

For more information or to book a discussion with a consultant, call our global response centre
Kuala Lumpur: +6 03 2078 9152 (GMT + 8 hrs)

or complete the contact form at www.antimoneylaundering.net .