Monthly Archives: January 2013

The man on the Clapham omnibus

Posted on January 31, 2013 by Susan Grossey author

Earlier this week, I wrote a post about source of funds and source of wealth, and the vexed issue of how far back our enquiries should go.  The post attracted a couple of comments, and in one of them a … Continue reading →

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

The test of time

Posted on January 28, 2013 by Susan Grossey author

During some AML training last week, someone asked me a question that I am regularly asked, and – despite this (you’d think I’d learn) – I still don’t have a good answer to it.  In short, they wanted to know … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , , , | 12 Comments

Snow excuse for not planning

Posted on January 25, 2013 by Susan Grossey author

Our recent experience of snow has taught me a couple of things: that tabby cats can disappear entirely if the snow is more than six inches deep, and that snow coming over the top of a boot is a most … Continue reading →

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

Is your client like an elephant?

Posted on January 23, 2013 by Susan Grossey author

On Radio 4 the other day, someone was retelling the fable of the elephant and the six blind men.  (A full version is here, but in essence six blind men each feel a different part of an elephant, and end … Continue reading →

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Make it count

Posted on January 21, 2013 by Susan Grossey author

Did I ever tell you about my retirement plans?  I’m going to write a world-beating, best-selling, craze-launching, product-spawning diet book and live a life of luxury on the proceeds.  I can already picture the book: on each right-hand page, it … Continue reading →

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All that glisters

Posted on January 18, 2013 by Susan Grossey author

A brief report on the radio caught my ear: Germany is planning to repatriate its gold bullion reserves from New York and Paris, having sent them off during the Cold War in order to get them as far as possible … Continue reading →

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My e-publishing adventure – part 15

Posted on January 15, 2013 by Susan Grossey author

“Write a book: you’ll make money while you sleep.”  Honestly: that’s a piece of advice that I was given years ago by a well-meaning (and, I now recall, unpublished) friend.  He seemed to suggest that it was all such a … Continue reading →

Posted in Money laundering, Publications | Tagged , , , , , , , | 2 Comments

Mis-taken identity

Posted on January 14, 2013 by Susan Grossey author

Sometimes, in the rush to keep up with latest developments and whizzy new laundering techniques, we can forget the basics.  And checking customer identity is as basic as it gets: is the customer who they say they are?  This involves … Continue reading →

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Straight from the judge’s mouth

Posted on January 10, 2013 by Susan Grossey author

A friend in Guernsey has sent me a clipping from the local paper (the Guernsey Press) about the latest development in a local laundering case.  For those of you not up to speed, the chap concerned is Paul Ludden, and … Continue reading →

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

The anti-PEP

Posted on January 7, 2013 by Susan Grossey author

I meant to write about this chap least year, when I first read about him, but I forgot until it came time to write my new year’s resolutions.  (Yes, I still do them, and yes, I know that I will … Continue reading →

Posted in Due diligence, Money laundering | Tagged , , , , , , , | 3 Comments