Crime pays in 77% of the world, it’s shocking. We need a Task Force.

Tristram Hicks spent a decade on the UK Criminal Finance Board and in operational command of financial investigators. He now teaches and researches.

The Financial Action Task Force set the international standard for anti-money laundering and counter terrorist financing regime design and evaluation but it now needs to go further to bear down on illicit financial flows, says Tristram Hicks.