When I worked as a compliance officer, my short list of "red flags" consisted of the techniques that I personally used, or had observed other money launderers employing with a high degree of success. It was, at first, quite strange to see those tricks and clever gambits from the other side of the playing field, so to speak. I know that the financial criminals that I identified, and prevented from attaining client status probably never realised that a person who was formerly one of their own was reviewing their techniques, simply because I never considered it when I was working in that illicit industry. Whilst I never underestimated the abilities of compliance officers as a practising money launderer, I never conceived of the concept of a former laundryman working on the side of the banks. if I had known such a thing existed, I would have been forced to make major modifications in my strategies and tactics, abandoning the more simplistic tricks in favour of new methods. Not just old wine in new bottles, but totally new tradecraft.

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