20210419 RegTech: Knowledge, Belief and Suspicion and the trap of Wilful Blindness.
In my book “How not to be a money launderer” I said then that wilful blindness was destined to be the central point on which all counter-money laundering laws would hang.
I wasn’t wrong then and I’m not wrong now.
To understand it, we’ll take a quick romp through knowledge, belief and suspicion and then why machines cannot and for the foreseeable future will not be able to identify suspicion.
Link to script: click here