ICT Views

Just A Few Words!

by: (AML/Financial Crime Prevention Course Director) on

A lot has been written about the various types of Financial Crime and here are a few of my favourite quotes, along with a challenge. Can you come up with any better ones?



“Whoever is detected in a shameful fraud is ever after not believed even if they speak the truth”

Phaedrus (15 BC – c. 50 AD) Roman Fabulist

“They look upon fraud as a greater crime than theft, and therefore seldom fail to punish it with death; for they allege, that care and vigilance, with a very common understanding, may preserve a man's goods from thieves, but honesty has no defence against superior cunning.”

Jonathan Swift, 1726

“There are three things in the world that deserve no mercy; hypocrisy, fraud, and tyranny.”

Frederick William Robertson 1816-53



“The fight for justice against corruption is never easy. It never has been and never will be. It exacts a toll on our self, our families, our friends, and especially our children. In the end, I believe, as in my case, the price we pay is well worth holding on to our dignity.”

Frank Serpico - American New York City Police Department officer who is most famous for blowing the whistle on police corruption in the early 1970s.

“The duty of youth is to challenge corruption.”

Kurt Cobain (1967 – April 5, 1994) American musician in grunge band Nirvana 

“Those who fight corruption should be clean themselves.”

Vladimir Putin, 2013


Money Laundering

“You follow drugs, you get drug addicts and drug dealers. But you start to follow the money, and you don't know where the **** it's gonna take you.”

Det. Lester Freamon, The Wire

"If you can show me how to get two million dollars into a briefcase, I'll give you the two million dollars."

Frank Sinatra (1915-1998) when denying the story of him smuggling cash for the Mafia

“Money laundering and money transfer was much easier in those days than now. You could literally fly into…with a suitcase full of money. They'd say "what's in the case?" I'd say "money", then they'd have a quick look, close the case and ask you to proceed… Money laundering now has to be much more sophisticated. It has to be businesses and fronts operating and producing cash. You'd struggle to get a tenner in through an airport.”

Howard Marks (2014) Welsh author and former drug smuggler



And finally, to sum up all Financial Crime…

“The world will not be destroyed by those who do evil, but by those who watch them without doing anything”

Albert Einstein (1879-1955)






Andrew Clarke said...
Thanks, very impressive!

Here’s another of my favourites…

‘Rather fail with honour than succeed by fraud.’
October 31, 2014 10:47
I think I win......

I love this, rather wordy, description of what we would call fraud:

Kautilya, Indian Statesman and philosopher, 300bc:

“What is realised earlier is entered later on; what is realised later is entered earlier; what ought to be realised is not realised; what is hard to realise is shown as realised; what is collected is shown as not collected; what has not been collected is shown as collected; what is collected in part is entered as collected in full; what is collected in full is entered as collected in part; what is collected is of one sort, while what is entered is of another sort.”
October 30, 2014 04:08


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