Latest /

Money Laundering CPD

Donald Trump in Palm Beach photo 内閣官房内閣広報室

Donald Trump in Palm Beach photo 内閣官房内閣広報室

As in most professions architects are required to undertake Continuing Professional Development (CPD) which involves structured or informal activities recorded as learning points. In many practices some of the content is delivered by approved providers at lunchtime seminars where the level of attendance is determined by the quality of the free drinks and sandwiches on offer. Some of the subjects are so boring that they’d qualify for the Guest Publications slot on ‘Have I Got News For You’.

The best learning is where the subject is actually cutting edge and of interest because as an architect you’re learning new stuff every day anyway in the normal course of events. Here’s a new one (at least to me) they could try which caught my attention on account of stories relating to Donald Trump (Buzzfeed, Reuters, Irish Independent) – ‘Money Laundering in Construction’. CPD Question: Money laundering in construction – discuss.  CPD Answer: One version might be the purchase of property by drug dealers or other criminals through anonymous offshore shell companies. When the property is sold on, sometimes shortly after it is purchased, the money is ‘clean’. Another might be cash investments for an equity stake by anonymous offshore shell companies in real estate developments such as golf courses. Even if the golf courses lose money the investment has become ‘clean’.  CPD Examiner: Very good 10 points.  That’s enough CPD for now.

Iain Miller