Category Archives: Supervision

Straight from the horse’s wallet

Posted on March 16, 2012 by

The Cheltenham Gold Cup steeplechase takes place at 3.20pm today, and it seemed an auspicious day on which to raise a long-standing question of mine: why are bookies not covered by the Money Laundering Regulations?  I know that if you … Continue reading →

Posted in Money laundering, Organised crime, Supervision | Tagged , , , , , , , | 2 Comments

I ♥ the FATF (when they prove me right)

Posted on February 29, 2012 by

Unless you have been on retreat in an ashram or stuck in the fog in Guernsey, you will know that the Financial Action Task Force has recently issued a revised version of its 40+9 Recommendations.  For a start, it’s now … Continue reading →

Posted in Legislation, Money laundering, Regulation, Supervision | Tagged , , , , , , | 3 Comments

Girl guidance

Posted on September 28, 2011 by

You know how there are some words you find yourself saying dozens of times a day – diligence, laundering, chocolate.  Well, one I use more than most is “guidance”.  I must have said it a hundred times yesterday, when I … Continue reading →

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The spirit is willing but the risk is too great

Posted on September 23, 2011 by

At a recent training session, when I was explaining the mechanics of Hawala banking, someone asked, “Why don’t we just make it part of the AML regulations?”.  Well.  Quite.  I had gone through the usual stuff about alternative remittance systems … Continue reading →

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Sure, you can pat him

Posted on July 22, 2011 by

You know your neighbour with that enormous dog, the one that snoozes quietly in the garden most of the time, but you’re warned not to turn your back on him “because he’s a bit unpredictable”?  Well, that’s the FSA.  They … Continue reading →

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