Monthly Archives: June 2013

Taking a holiday from laundering

Posted on June 19, 2013 by Susan Grossey author

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 financial crime, mafia, money laundering, organised crime, proceeds of crime, white collar crime | 6 Comments

Pignapped!

Posted on June 17, 2013 by Susan Grossey author

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 AML, communication, due diligence, financial crime, money laundering, non-executive directors, proceeds of crime, publications, training, writing | 2 Comments

Back to reporting basics

Posted on June 14, 2013 by Susan Grossey author

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 AML, disclosure, due diligence, financial crime, money laundering, suspicion, training | 2 Comments

AML fatigue

Posted on June 12, 2013 by Susan Grossey author

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 AML, communication, conferences, due diligence, financial crime, money laundering, organised crime, proceeds of crime, training, white collar crime | 4 Comments

The path paved with bad intentions

Posted on June 10, 2013 by Susan Grossey author

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 →

Posted in Money laundering, Organised crime, Terrorist financing | Tagged corruption, financial crime, government, money laundering, organised crime, proceeds of crime, terrorism, terrorist financing | Leave a comment

Yawn – it’s that tax-grab argument again

Posted on June 6, 2013 by Susan Grossey author

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 AML, communication, corruption, disclosure, due diligence, financial crime, government, John Walker, money laundering, organised crime, PEP, proceeds of crime, tax evasion, white collar crime | 3 Comments

Hit them where it hurts

Posted on June 5, 2013 by Susan Grossey author

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 AML, due diligence, financial crime, government, legislation, money laundering, penalties, tax evasion, white collar crime | 1 Comment

For the global NED in your life

Posted on June 3, 2013 by Susan Grossey author

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 →