Telling it how it is

David Blackmore is Director of Financial Crime at Risk Reward Limited (+44 (0) 20 7638 5558, db@riskrewardlimited.com, www.riskrewardlimited.com) Reporting by Timon Molloy.

“I think the whole idea of a de minimis threshold is nonsense,” David Blackmore, Director of Financial Crime at Risk Reward Ltd, snorted when MLB raised the Law Society’s continued agitation for it at his office on Moorgate, a stone’s throw from the Bank of England. “They’ve completely lost sight of any terrorism connection. It shows a degree of naivety of how terrorism is financed, which is often by small amounts, such as the UK£8,000 total cost of the 2005 London bombings.”