Criminal Capital: How the Finance Industry Facilitates Crime

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Criminal CapitalThe role of the financial industry in the facilitation of global criminality is a largely under-researched and underappreciated issue. Financial centres are increasingly falling victim to criminal predation, a trend that is staining the already tarnished reputation of this industry and further damaging its global efficacy. 

In his upcoming book Criminal Capital: How the Finance Industry Facilitates Crime (2015), leading anti-financial crime specialist Stephen Platt explores and exposes the pervasiveness of this multibillion dollar issue and attempts to offer some viable solutions.

Taking us on a tour of neglect and exploitation, from established powerhouses in New York and London to emerging financial centers in the Middle East and Asia, Platt draws upon observations from his career to illustrate the underlying defenselessness of the financial services sector against a whole smorgasbord of criminal acts – from drug-trafficking to terrorism, piracy to tax evasion - and how it isn’t doing enough to prevent it. He asks what, if any, measures can be taken to prevent criminals from compromising the legitimacy of the global financial system.

The complexities of combating financial crime created by the global nature of today's financial system require rigorous and strategic analysis - the tools and approaches of the past are no longer fit for purpose.  With this in mind, RUSI has recently established a new research programme, The Centre for Financial Crime & Security Studies, to bring needed analytical research capacity to this field.  One theme with which the Centre will engage is the role that greater public and private partnership can play in identifying and tackling financial crime.  

Chair: Tom Keatinge: Tom is Director of the Centre for Financial Crime and Security Studies at RUSI. Prior to joining RUSI he worked in investment banking for 20 years at J.P. Morgan where he was a Managing Director in the Financial Institutions Group and Head of European Public Sector client coverage. Tom's research focuses on the nexus between 'Finance & Security', in particular the funding of terrorist/extremist groups and assessing the extent to which disrupting financing can enhance international security. He also studies the use of FININT as a security tool. Tom has an MA from King’s College London where he wrote his thesis on the operation and effectiveness of the global counter-terror finance regime.

Speaker: Stephen Platt is one of the leading experts on financial crime prevention and the conduct of related regulatory investigations. He is an English Barrister and an Adjunct Professor at Georgetown University in Washington D.C. Over the past twenty years he has been involved in the review of several high-profile criminal cases involving money laundering, corrupt public officials, drug trafficking, terrorism, piracy, proliferation, sanctions and fraud. He has trained various national and supranational law enforcement and regulatory agencies and now consults for the regulatory investigations specialists, Stephen Platt & Associates LLP. Platt will be publishing a book in January 2015. 

This event is open to all and copies of the book will be available to purchase during the event. To attend, please register online using the "Book your place" button above. If you have any queries please contact Sabrina Downey, Projects and Events Director, at sabrinad@rusi.org.

For more information about the Centre for Financial Crime and Security Studies please click here.



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