About QCo
Established in 2008 by Richard Stockdale and Professor Nikos Passas, QCo is a Washington DC registered company offering and facilitating consulting services to Governments and Corporates on all aspects of financial crime policy and control. Specialist areas include Money Laundering, Corruption, Fraud, Security, Conflict Resolution, Forensic Psychology, Terrorism Finance, WMD Proliferation and Economic Sanctions.
Richard Stockdale
Richard has spent his entire banking career with Lloyds TSB Bank, formerly as Middle Eastern Regional Head and latterly as India Country Head and CEO of Lloyds TSB Global Services, the Bank's wholly owned Indian subsidiary.
He has spoken on the subjects of anti-money laundering, combating terrorist financing and corruption at the request of the UN, IMF/World Bank, Arab Monetary Fund, Swiss Government, UAE Central Bank and many international conferences.
He has been an expert trial witness for the US Dept of Justice and has sat on a UN NYC committee advising the UN Security Council Monitoring Committee on Terrorist Financing Sanctions.
Since leaving Lloyds TSB Richard has established with leading US based Professor Nikos Passas and is CEO of QCo Holdings Limited, a Washington DC registered company offering consultancy and educational services in the above specialist subject areas.
Richard is a Chartered Fellow and Board member and Trustee of the Chartered Institute of Securities and Investment (CISI) and is a Fellow of the Chartered Institute of Bankers.
He is President of the CISI's UAE Regional Advisory Council and a past President of the CISI's India Regional Advisory Council.
Nikos Passas
Nikos Passas is Professor of Criminal Justice at Northeastern University. His law degree is from the Univ. of Athens (LL.B.), his Master’s from the University of Paris-Paris II (D.E.A.) and his Ph.D. from the University of Edinburgh Faculty of Law. He is a member of the Athens Bar (Greece). He is fluent in 6 languages and plays classical guitar.
He specializes in the study of financial/trade flows, informal fund transfers, remittances, white-collar crime, corruption, terrorism, financial regulation, organized crime and international crimes. He has published more than 140 articles, book chapters, reports and books in 12 languages. He is the author of Informal Value Transfer Systems (IVTS) and Criminal Activities (2004), Legislative Guide for the Implementation of the UN Convention against Corruption, Legislative Guide for the Implementation of the UN Convention Against Transnational Organized Crime (2003), IVTS and Criminal Organizations: Underground Banking Networks (1999) and the editor of The United Nations Convention against Corruption as a Way of Life (2007), International Crimes (2003), It’s Legal but It Ain’t Right: Harmful Social Consequences of Legal Industries 2004); Upperworld and Underworld in Cross-Border Crime (2002); Transnational Crime (1999), The Future of Anomie Theory (1997), and Organized Crime (1995). In addition, he has edited a volume on the Regulation of Informal remittance Systems for the IMF, co-authored a World Bank study into Migrant Labor Remittances in the South Asia Region, authored two reports to FinCEN on the trade in precious stones and metals and completed studies on procurement fraud, corruption asset recovery, as well as on governance, development and corruption international policy.
He serves as editor-in-chief of the international journal Crime, Law and Social Change and associate editor of the International Journal of Comparative and Applied Criminal Justice, the Open Criminology Journal, and the European Journal on Criminal Policy and Research. He is Chair of the Am. Soc. Of Criminology International Division and serves on the Board of Directors of the International Society of Criminology.
Passas offers training to law enforcement, intelligence and private sector officials on regulatory and financial crime subjects. He regularly serves as expert witness in court cases or public hearings and consults with law firms, financial institutions, private security and consulting companies and various organizations, including the Financial Crimes Enforcement Network (FinCEN), OECD, OSCE, the IMF, the World Bank, other multilateral and bilateral institutions, the United Nations, the Commission of the European Union, the US National Academy of Sciences, research institutions and government agencies in all continents.
He is currently working on corruption asset recovery, the regulation of free trade zones, trade facilitated financial crimes and sanctions violations, money laundering and terrorist finance, the implementation of the UN conventions against transnational crime and against corruption, the prevention of human trafficking and the regulation of remittances. He contributed to the development of a self-assessment tool for the implementation of the UN Convention against Corruption and the UN Convention Against Transnational Organized Crime and a legal library on anti-corruption national texts from around the world. He was the Team Leader for a European Union Commission project on the control of proliferation/WMD finance. Current work focuses on research and analytical support for the International Association of Anti-Corruption Authorities (IAACA) and the coordination of a global educational anti-corruption initiative, as well as on a governance and anti-corruption assessment of Brazil and other countries on the basis of performance indicators and benchmarks.
QCo have partnered with the International Governance and Risk Institute (GovRisk), to provide services around the world. GovRisk conduct a variety of training and consultancy initiatives, from large regional training programmes to individual consultancy, bespoke training and e-learning. Professor Passas has been an active, participating member of the GovRisk Faculty since GovRisk’s August 2010 Caribbean and Americas Forum on Governance, Regulation and Financial Crime Prevention, held in Trinidad. GovRisk are an Accredited Training Provider for the Chartered Institute for Securities and Investment (CISI) and have been heavily involved in the CISI’s new Combating Financial Crime qualification since its inception.
Contact details
Phone - +971 5 0644 3027
richard.stockdale@qcoholdings.com
nikos.passas@qcoholdings.com