Monthly Archives: July 2013

Small, blue and nothing but trouble

Posted on July 30, 2013 by Susan Grossey author

Contrary to the popular parlour game, I can name many famous Belgians: Eddie Merckx, Hercule Poirot, Audrey Hepburn, Susan Grossey [well, I’m famous on this blog – and I’m not quite Belgian but I was born in Brussels] and the … Continue reading →

Posted in Money laundering, Organised crime | Tagged due diligence, financial crime, money laundering, organised crime, proceeds of crime, tax evasion, white collar crime | 3 Comments

The curate’s egg of annual reports

Posted on July 25, 2013 by Susan Grossey author

I don’t know about you, but I’m still calling our new financial watchdog “the FSCA”. I’ve grown so used to the S that it’s taking a while to learn the C. Moreover, we’re still in the handover phase, where the … Continue reading →

Posted in AML, Money laundering | Tagged AML, communication, disclosure, due diligence, FCA, Financial Conduct Authority, financial crime, ML Regulations, money laundering, proceeds of crime, publications | Leave a comment

Damned if they do, fined if they don’t

Posted on July 23, 2013 by Susan Grossey author

Poor old Barclays. On 10 July 2013, it was reported that the bank had decided to close about a hundred accounts held by various money service businesses which regularly send money to Somalia, because of (to quote the BBC article) … Continue reading →

Posted in AML, Money laundering | Tagged AML, corruption, disclosure, due diligence, equivalence, FATF, Financial Action Task Force, financial crime, ML Regulations, money laundering, proceeds of crime | 3 Comments

Ask and ye shall receive

Posted on July 18, 2013 by Susan Grossey author

Those of you who know me well will be aware of my fondness for consultations. If a regulator or government agency announces that they are taking public soundings on anything to do with financial crime, I’m there. Usually, if you … Continue reading →

Posted in Legislation, Money laundering | Tagged AML, communication, due diligence, financial crime, government, legislation, proceeds of crime | 3 Comments

Under-promise and over-deliver

Posted on July 15, 2013 by Susan Grossey author

I have been (in effect) self-employed now for nearly twenty years. Unemployable, my nearest and dearest tell me. And those who are considering the self-employed life often ask me what skills they need and whether they are suited. To my … Continue reading →

Posted in Fraud, Publications | Tagged communication, due diligence, Fatal Forgery, financial crime, fraud, proceeds of crime, publications, research, Susan Grossey, writing | 4 Comments

Reckless, feckless and maybe jobless

Posted on July 12, 2013 by Susan Grossey author

Can you hear that scurrying sound emanating from Cambridge? That’s me still trying to catch up with everything I’ve missed while on holiday, and I am painfully aware that (a) it’s old news to you, and (b) I’m tackling it … Continue reading →

Posted in AML, Money laundering | Tagged AML, banking, corruption, disclosure, due diligence, financial crime, money laundering, proceeds of crime, white collar crime | Leave a comment

Sometimes the messenger needs shooting

Posted on July 10, 2013 by Susan Grossey author

I’m still ploughing my way through the backlog of ML and AML stories from the past two weeks – heavens, you’d think the FATF and others would have the courtesy to hang fire while I’m on holiday, but no, on … Continue reading →

Posted in AML, Money laundering | Tagged AML, communication, due diligence, financial crime, legislation, MLRO, money laundering, proceeds of crime, training | 2 Comments

You cannot be serious!

Posted on July 8, 2013 by Susan Grossey author

Well hello! I’m back, just in time to see something about tennis, which inspired my post title. But you would be disappointed if I did not find a way to turn it around to money laundering, so here goes. After … Continue reading →