Solid Gold Podcasts #BeHeard The Laundromat with Dawn Pretorius

#4  Tick-a-box vs Outcomes - are documented risk assessments necessary?

Loading player...
Don't give me rules, give outcomes; don't ask for risk assessments.

This episode explores the effectiveness or otherwise of rules-based legislation versus principles-based legislation intended for anti-money laundering. Will financial institutions find it easier to apply or not?

A related regulatory requirement is to draft extensive risk assessments. Do we consult them when a risk occurs? Businesses manage their risks anyway - why do they need it to be documented?

An opinion is given on whether the financial impact of money laundering is ever factored into published economic statistics such as GDP.

Join Dawn as she speaks with Louize Hermitage-Holt and Aziz Boghani from The Goose.
Chapters
  • 00:00 Introduction to Risk, Money Laundering, and The Goose Consultancy
  • 02:34 Aziz's Perspective on Money Laundering in Pakistan and Britain
  • 04:15 FATF, Pakistan, and South Africa's Reputational Challenges
  • 06:10 Principle-Based vs Rules-Based Regulation: Louize's view
  • 09:16 Personal Experience with Principle-Based Regulation
  • 11:04 Risk-Based Approach and Proportionality
  • 15:37 Challenges in Implementing AML Rules and Risk Management
  • 18:40 Tick-the-Box Management and the Role of Regulators
  • 21:23 Rules-Based vs Principles-Based Systems and Board Training
  • 24:47 TCFD, TNFD, and Principle-Driven Initiatives
  • 25:48 Money Laundering, GDP, and Social Inequality
Season 1 / Episode 4 23 Jun 2025 English South Africa Documentary · Business

Other recent episodes

The Zondo Files

The red flags were there. Why didn't anybody stop it? The Zondo Commission exposed far more than corruption — it exposed the weaknesses of the systems meant to prevent it. This episode explores the AML lessons hidden within South Africa's state capture saga, including PEP risk, consulting fee abuse, governance…
Season 1 / Episode 17 14 min

Lies, Tells, and Body Language with David Allan

Body language, deception detection, and the signals liars can't hide. Can you really spot a liar? In this fascinating episode of The Laundromat, Dawn Pretorius sits down with internationally renowned body language expert David Allen to separate fact from fiction in deception detection. From eye movements and nervous gestures to…
Season 1 / Episode 16 24 min

Under the Radar: Terrorism and Security in South Africa

In South Africa, terrorism hasn’t historically taken the form of large-scale, frequent attacks like you’d see in places affected by groups like ISIS or Al-Qaeda. Instead, the threat is lower in frequency but still very real — and evolving. Organised crime networks are deeply entrenched. These networks — while not…
Season 1 / Episode 15 19 min

How organised crime professionalised in South Africa | Chad Thomas

In the first 2026 episode of The Laundromat, Dawn Pretorius speaks to veteran investigator Chad Thomas about how organised crime in South Africa has evolved into structured, corporate-style enterprises. From a billion-rand international boiler room scam to the use of boutiques, barber shops and churches as laundering vehicles, Chad exposes…
Season 1 / Episode 13 27 min
All episodes