How the finance industry facilitates crime
Robert Mazur, Former U.S. Federal Agent
Author of “THE INFILTRATOR”
Stephen Platt is the author of Criminal Capital, the first book to examine the role played by the international financial services industry in facilitating crime and laundering criminal property.
Stephen is an English barrister and an Adjunct Professor of Law at Georgetown University Graduate School of Law, in Washington D.C. He is one of the world’s foremost experts in the criminal abuse of financial services both on and offshore and is regularly instructed by regulators and governments in sensitive matters involving financial crime and financial regulation. He was co-opted by the World Bank to both the Stolen Asset Recovery Initiative (StAR) and the study analyzing Illicit Financial Flows from Somalian Piracy.
When not practising, Stephen is much sought after as an accomplished speaker. He has trained the U.S. Department of Justice, the U.S. Treasury, numerous US law enforcement agencies, Europol, the Metropolitan Police and several regulatory authorities. He has spoken at the International Institute for Strategic Studies, the Cambridge Economic Crime Symposium, the European Parliament, the UN and the UNODC.
Stephen acts as Senior Consultant for the regulatory investigations specialists, Stephen Platt & Associates LLP.
Criminal Capital is the first book to examine the role played by the financial services industry in facilitating crime and laundering criminal property by analysing the vulnerability of banks, brokerages, trust companies and investment funds to criminal abuse.
The book examines the causal factors that link harmful behaviours in finance including mis-selling, rate fixing, sanctions evasion money laundering and the facilitation of terrorism, drugs, human trafficking, corruption, piracy and tax evasion. It also considers why such behaviours correlate with the excessive risk taking that toppled the global economy in 2008.
Covering the role of both on and offshore finance centres the book also considers the limitations of the money laundering model relied upon by regulators and the finance industry to identify abusive customer relationships. The book proposes a new model of money laundering prevention.
This highly acclaimed and informative book challenges the reader to consider whether following the financial crisis sufficient steps have been taken to address toxic behaviours in finance or whether radical reform is needed.
“This is a well-researched and powerful book. It should be required reading for compliance professionals in finance as well as policy makers charged with implementing meaningful reform of the banking industry.”
Robert Mazur, Former U.S. Federal Agent, Author of “The Infiltrator”
"A great read for anybody who wants to learn more about how criminals abuse the global financial system"
Joseph Pistone - Author of 'Donnie Brasco: My Undercover Life in the Mafia'
In Criminal Capital, Stephen Platt lays out in clear and frightening detail, the criminal rot at the core of the international banking system. It brought the global economy to the brink of depression in 2008 and it has not been fixed. Platt, an experienced lawyer gets to the heart of the excessive risk taking and the blind eye to customer crime that allows banks to serve as a circulation system for global corruption. A bold and sobering read.
Eric Lewis - Senior Partner Lewis Baach PLLC and former Counsel to the Liquidators of Madoff International Securities Limited and the Liquidators of the Bank of Credit and Commerce International
“Few people have both the knowledge and the objective vantage point enjoyed by this author of the worldwide banking system over the last 10 years. Fewer still could describe the prevailing culture within which the crisis developed and what was, and still is, wrong with that culture so accurately and so readably. The culture which created the crises from which we are still recovering is apparently alive and well. It extends to the secretion of criminal money of all kinds including terrorist funding. This book is a "must read" for anyone who wants to understand the past the present and the possible future for the world's financial institutions.”
Sir David Calvert Smith – Former Director of Public Prosecutions of England & Wales
"Criminal Capital offers a compelling, concerning, and clear view of the ways that financial institutions tacitly enable crime, and challenges both banks and regulators to stop the madness."
Carole Switzer, Co-Founder and President of the Open Compliance and Ethics Group.
1st December 2014 - International Corruption Conference, New Scotland Yard, London, GB
15th January 2015 – New York District Attorney’s Department, New York, U.S.
17th January 2015 – Book Signing, Waterstones, St Helier, Jersey, GB (11am - 2pm)
19th January 2015 – Book Launch and Signing Event, Savile Club, London, GB (Members and Guests Only)
23rd January 2015 – Georgetown University, Washington DC, U.S.
27th January 2015 – Book Launch and Signing Event, Jersey, GB (Members and Guests Only)
28th January 2015 – Savile Club Talk, London, GB (Members Only)
29th January 2015 – Royal United Services Institute, Whitehall, London. GB (Members and Guests Only)
13th February 2015 – Frontline Club, London, GB (Members and Guests Only)