All of us at pretty much whatever level have to complete anti-money laundering (AML) training and be retested regularly. We have duties to report any ‘suspicious transactions’, every firm has a Money Laundering Officer (me, in our case) with regulatory duties to comply, we collect and hold ID for all clients for every transaction. But dodgy money is still laundered, seemingly in plain sight and it’s banks, big and small, which seem to provide the notional washing machines with open doors. Our washing in the UK is, of course, relatively spotless, and there’s many a state of both high and low profile which welcome all sorts of stuff. And then there’s crypto currency; and those sweet shops with foreign exchange desks mysteriously at the rear, again in plain sight. We’ll keep doing our bit, but it does sometimes feel about as useful as recycling a yoghurt pot when you know all that plastic is being dumped in an ocean near someone else.
“Stocks surge and yields stabilise as Trump tariffs paused”
“The reason our stock market is so successful is because of me. I’ve always been great with money, I’ve always been great with jobs, that’s what I do”, said the man himself about (of course) himself. And, yes, one tweet, if we’re still allowed to use that old Woke term, on Truth Social can indeed send markets firmly up as well as down.
