When a reporter asked Thomas Edison, “How did it feel to fail 1,000 times?” He replied, “I didn’t fail 1,000 times. The light bulb was an invention with 1,000 steps.”
Another apt quote, this time stemming from the anti-money laundering (AML) arena, comes from David Lewis, executive secretary of the U.K. Financial Action Task Force (FATF), who recently remarked, “We are all doing badly, some not as badly as others.” On that note: Is our collective AML failure part of a 1,000-step journey to great success, or are we just plain and simple failing?
