Since the introduction of anti-money laundering related technologies and transaction monitoring systems in particular, financial institutions have tried to model money laundering behaviour and capture indicators that signal suspicion. This technologized regulation of suspicious behaviour seemed to have localised effects to begin with, but like all technological-based applications, it couldn’t escape the stream of unintended consequences stemming from it. This talk reflects on the broader trajectory of using AML-related technologies and looks out to deconstruct some of the more subtle interferences that create butterfly-type of effects in the broader AML system.
Dr Dionysios Demetis is a Senior Lecturer at the Business School of the University of Hull in the United Kingdom and an active research member of the Centre for Systems Studies. He holds a PhD in Anti-Money Laundering and Information Systems from the London School of Economics, a Masters from the LSE in Information Systems. He has a background in Physics from the University of Crete as well as a Degree in Music (Piano) from the National Conservatory of Athens. At the LSE, he taught on Information Systems Management, Information Systems Security and Research Methods. He has contributed on 3 major EU-funded AML research projects, two of which are on the intersection between Information Systems and Anti-Money Laundering (projects Spotlight and GATE), and another one on Information Society (FIDIS). His research on AML and Risk has been featured in the select bibliography of the United Nations, while his work on ‘Data Growth and the Consequences to Anti-Money Laundering’ has won the Emerald Highly Commended Award from the Journal of Money Laundering Control. He has co-authored a large number of research deliverables on Anti-Money Laundering for the European Commission and the Future of Identity for the Information Society (FIDIS), a large scale 6-year EU-funded project with 25 academic/industry participants across the EU (including Microsoft and IBM), for which he was a Convener of its Steering Group. Additionally, he is the author of two books: Science’s First Mistake (on Methodology, Systems Theory, and the creation of Epistemological Paradoxes alongside Prof Ian Angell), published worldwide by Bloomsbury Academic, and ‘Technology and Anti-Money Laundering: A Systems Theory and Risk-Based Approach’, a monograph published worldwide by Edward Elgar. His book on AML entitled ‘Technology and Anti-Money Laundering’ is the first book to provide a coherent theoretical structure for Anti-Money Laundering research and practice based on Systems Theory, and the first book to provide an Information Systems perspective on Anti-Money Laundering. He is a Senior Fellow of the Higher Education Academy (SFHEA), a Visiting Professor in Akal Business School (India) and a member of the scientific board of Geolab at the Ionian University in Corfu (Greece). He presents regularly at the Cambridge University Symposium on Economic Crime and is Co-Chair of the International Security Conference in Las Vegas, Nevada.
Ian Angell is a forecaster of the socio-political and business consequences of Information and Communication Technologies, with over four decades of research experience into the impact of computerization on society. He is an Emeritus Professor of Information Systems in the Department of Management at the London School of Economics.
Angell is well known for his pragmatic, down-to-earth and outspoken views on electronic commerce. However, his reputation is based on his radical no-nonsense support of Capitalism in the Information Age, which he portrays in his books The New Barbarian Manifesto, and Flight of the Golden Geese. Angell features routinely in the press and media worldwide (noteworthy are his views on “off-planet banking,” and the future of money), and he is a stalwart of the international lecture circuit - he has stepped in at short notice to cover for the absences of both President Mikhail Gorbachev (for Stern Stewart in Chartes) and Senator Edward Kennedy (for Zefer at Harvard).
Angell has acted as a consultant on managing the complexity of information systems to a large number of companies, and to governments and the EU. He was a personal advisor to the Cabinet of Federico Mayor when the latter was Director General of UNESCO, and he has consulted for the Russian Ministry of Science, and the Malaysian National IT Council.
At the core of his ideas is the study of Systemic Risk, where most recently he has been focussing on the complexity resulting from government regulations. Angell has been particularly vocal in his criticisms of problems caused by Intellectual Property Rights Regimes (he was Chairman of Creative Commons - England and Wales until his retirement in 2011), Anti-Money Laundering Regulations, Taxation, and Identity Cards. He was very active in the 2006 debate over the proposal of a UK national Identity Card, where his department produced a damning report on the government’s proposals. In a debate held at the London Stock Exchange, with Sir Nicholas Montague, the ex-head of H.M. Inland Revenue, he proposed “All Taxation is Theft”; and at the 2008 City Debate held at The Lord Mayor of London’s Mansion House, he spoke in favour of Short-termism.
Wednesday, 09 December 2020
11:00 - 11:45 GMT
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