Monthly Archives: July 2011

A smattering of elemental strategy

Yesterday the UK government launched its new organised crime strategy – I’m assuming it’s actually an anti-organised crime strategy, but you never know.  As is the nature of these strategy documents, “From Local to Global: Reducing the Risk from Organised … Continue reading

Posted in General thoughts, Organised crime | Tagged , , | Leave a comment

My laundry list

When I first started out in AML, I did it purely for love of the subject – I didn’t have a grand career plan, and indeed some people counselled me to widen my net and deliver training and advice on … Continue reading

Posted in General thoughts, Money laundering | Tagged | Leave a comment

The Mafia business

At the weekend I did the ironing in front of a recording of “Italy’s Bloodiest Mafia” – a documentary about the Camorra in Naples by reporter Mark Franchetti.  The programme focussed on the professionalism of the Camorra, and on the … Continue reading

Posted in General thoughts, Money laundering, Organised crime | Tagged , , , | Leave a comment

Sure, you can pat him

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

Posted in Regulation, Supervision | Tagged , , , , , | Leave a comment

The money laundering bloodhound

As you may know, I have a “Stop Press” page on my website (www.thinkingaboutcrime.com).  This is where I write up stories of money laundering relevance – usually tales of wicked money launderers, and news of significant legal developments.  When deciding … Continue reading

Posted in General thoughts | Leave a comment

Are you qualified?

Quite properly, clients sometimes ask me what qualifications I have to do my AML work.  If they mean paper qualifications, the answer is none.  I actually trained as a schoolteacher – which I would recommend to anyone, as it teaches … Continue reading

Posted in Training | Tagged , | 1 Comment

The same old, tired old objections

I get a monthly magazine called “Business Brief”, which concerns business matters in the Channel Islands.  A regular columnist has this month devoted his page to an oh-so-familiar diatribe against money laundering checks.  You can read it for yourself by … Continue reading

Posted in Due diligence | Leave a comment

On the bench

As if I don’t get enough law and order through my work, I am also a magistrate.  (For non-UK readers, the magistracy is a peculiarly English system by which untrained hobby-judges get to put people in prison in their spare … Continue reading

Posted in General thoughts | Tagged , | Leave a comment

Thinking about crime

My company’s name (which started as a joke and sort of stuck) is Thinking about Crime.  About once a week I am asked which crimes I am thinking about, and I always answer “Financial crime – mainly money laundering”.  But … Continue reading

Posted in General thoughts | Tagged , | Leave a comment

Baby steps

I was having a pedicure at the weekend – so yes, I do occasionally leave my desk and money laundering behind – and the foot-lady (pedicurist? peditherapist?) asked about my work.  I explained in simple terms about criminal money, and … Continue reading

Posted in General thoughts | Leave a comment