Billions of dollars are wasted each year trying to prevent ‘dirty money’ entering a financial system that is already awash with it. The authors challenge the global approach, arguing that complacency, self-interest and misunderstanding have now created long-standing absurdities.

International and government policy makers inadvertently facilitate tax evasion, corruption, environmental and organised crime by separating crime from its root cause. The handful of crime fighters that do exist are starved of resources while an army of compliance box tickers are prevented from truly helping. The authors provide a toolbox of evidence-based solutions to help the frontline tackle financial crime.

Nicholas Gilmour is a consultant, providing expert advice and guidance to various governments and international organisations in fighting financial crime.

Tristram Hicks is an international criminal justice advisor on the operational effectiveness of anti-money laundering regimes. He is a former New Scotland Yard detective superintendent.