Monthly Archives: August 2012

Eat your heart out, Mr Trencrom

Posted on August 30, 2012 by Susan Grossey author

For those of you who do not share my unceasing passion for “Poldark”, I should perhaps explain that Mr Trencrom runs a major smuggling operation and recruits Ross Poldark (or, more accurately, Ross Poldark’s cellar) to hide Frenchie’s brandy from … Continue reading →

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For you, Teodorin, the looting is over

Posted on August 28, 2012 by Susan Grossey author

I recently read a review of a book called “Enough” by Will Samson.  Subtitled “Contentment in an Age of Excess”, it should perhaps be compulsory reading for all despots, dictators and PEPs.  I’ve marvelled before at the Obiang greed – … Continue reading →

Posted in Bribery and corruption, Money laundering | Tagged , , , , , | 2 Comments

Polly Pecked

Posted on August 24, 2012 by Susan Grossey author

When I first started working in the world of AML, decades ago, Asil Nadir was the big news.  He was accused of theft and went on the run to northern Cyprus to avoid going on trial.  (Call me old-fashioned, but … Continue reading →

Posted in Money laundering, White collar crime | Tagged , , , , , | 2 Comments

Smile for the birdie

Posted on August 22, 2012 by Susan Grossey author

In a modern version of the rogues’ gallery, HM Revenue and Customs recently posted a selection of photos of its twenty “Most Wanted” – you can see them here.  The FBI in America has been doing this for years – … Continue reading →

Posted in Due diligence, Money laundering | Tagged , , , , , | 2 Comments

Exalted due diligence

Posted on August 20, 2012 by Susan Grossey author

Looking at my trusty OED (and yes, I still use a paper one), “to enhance” is “to increase the quality, value or extent of”.  Possible synonyms (I assume the FATF looked at these at some point) include to amplify, to … Continue reading →

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Pieces of eight

Posted on August 17, 2012 by Susan Grossey author

After the publication of an FATF report on the subject in July 2011, I have started including in my menu of training topics an update on maritime piracy and kidnapping for ransom (inevitably given its own jolly little acronym of … Continue reading →

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

Once bitten, twice shy – part 2

Posted on August 15, 2012 by Susan Grossey author

After my post on redemption for erring financial institutions, someone has raised an interesting related point.  What about clients with spent convictions in their past?  And, even more tricky, what about such employees?  Under various pieces of legislation (e.g. the … Continue reading →

Posted in Due diligence, Money laundering | Tagged , , , , , , , , | 4 Comments

One bitten, twice shy

Posted on August 13, 2012 by Susan Grossey author

I used to be a big cycling fan – followed the Tour de France, waited by the side of the road for hours simply to touch my heroes (helped push Eros Poli up an Alp in 1991 – one of … Continue reading →

Posted in Money laundering | Tagged , , , , , , | 1 Comment

Innocent until, etc.

Posted on August 10, 2012 by Susan Grossey author

Last night I went out for dinner with some well-read friends (fish finger sandwich followed by mini doughnuts and chocolate dipping sauce, thank you for asking), and money laundering was the topic du jour.  And I quote: “Your lot are … Continue reading →

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What remains is bestial

Posted on August 8, 2012 by Susan Grossey author

Born in 1966, I was taught as a toddler to recite my name and address and instructed most strictly that, should I ever be lost, I was to repeat this vital information to a policeman or in a bank.  Yes: … Continue reading →

Posted in General thoughts | Tagged , , , , , | 12 Comments