Monthly Archives: June 2013

Taking a holiday from laundering

Thanks to the miracle of modern technology, by the time you read this I will be heading off on my hols.  As befits someone with my particular interests, I am en route to Switzerland – albeit attracted more by its … Continue reading

Posted in Money laundering, Organised crime | Tagged , , , , , | 6 Comments

Pignapped!

Many years ago, when I was an AML baby, I attended a large international financial crime conference, as the assistant to one of the speakers.  He was something of a Big Cheese in AML at that point – and I … Continue reading

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

Back to reporting basics

It may be partly my own fault.  For years – although I have stopped this now – when junior staff used to ask about how they could tell whether a money laundering suspicion was “right” or not, I would try … Continue reading

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

AML fatigue

I am in Guernsey this week – and it’s not wall-to-wall sunshine like on “Island Hospital”, I can tell you.  But I am here for the reason that makes me happiest: to talk to lots of lovely people about money … Continue reading

Posted in AML, Money laundering, Training | Tagged , , , , , , , , , | 4 Comments

The path paved with bad intentions

Last week it was announced that Florindo Flores – better known as Comrade Artemio, the last original leader of the Peruvian communist party (Sendero Luminoso, or Shining Path) – had been sentenced by a court in Lima to life in … Continue reading

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Yawn – it’s that tax-grab argument again

About a century ago, when I first started out in AML, I was introduced to the work of John Walker.  He is an Australian criminologist with a particular interest in money laundering, and one of his most interesting (and for … Continue reading

Posted in AML, Money laundering, Tax | Tagged , , , , , , , , , , , , , | 3 Comments

Hit them where it hurts

According to a recent article on a leading AML website in America, financial penalties for AML failings under US legislation rose by 13,100% in 2012 over 2011.  Yes, that’s 131 times more paid out in 2012 than in 2011.  Of … Continue reading

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

For the global NED in your life

No sooner the word than the deed.  Thanks to my school-friend (or should I say Schulfreund) Robert and his brilliant idea, I have spent the past few days adapting my book on AML for NEDs to the international market.  Out … Continue reading

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