Monthly Archives: October 2013

Small is not always beautiful

Posted on October 31, 2013 by Susan Grossey author

One of the things I like best about AML training is when someone asks a question that heads towards the philosophical – where we can metaphorically kick off our shoes for a few minutes and even more metaphorically pick the … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged AML, disclosure, due diligence, financial crime, National Crime Agency, NCA, organised crime, proceeds of crime, SARs, suspicion, suspicious activity report, tax evasion, training | 2 Comments

What would the Wombles make of it?

Posted on October 28, 2013 by Susan Grossey author

Years and years ago, I did a research project for one of the police agencies, and as part of it I was sent to Centrex – their “centre of excellence” in rural Cambridgeshire. As I remember, the macaroni cheese actually … Continue reading →

Posted in AML, Money laundering | Tagged Alderney, AML, communication, due diligence, financial crime, government, Guernsey, money laundering, organised crime, proceeds of crime, training | 8 Comments

Debrett’s: the smartphone edition

Posted on October 25, 2013 by Susan Grossey author

I realise that I’m a bit old-fashioned in my ways – for instance, I refuse to drink out of bottles and insist on asking for a glass, often to much eye-rolling from young bar-staff. And I also work alone much … Continue reading →

Posted in Money laundering, Training | Tagged AML, communication, due diligence, financial crime, money laundering, Thinking about Crime Limited, training | 8 Comments

Problem gamblers

Posted on October 22, 2013 by Susan Grossey author

Over recent years, I have been doing quite a bit of work with the e-gaming sector, and before that I did have a couple of “real” (as opposed to “virtual”) casino clients. But what nearly all of them, whether bricks … Continue reading →

Posted in AML, Money laundering | Tagged AML, casino, due diligence, financial crime, money laundering, organised crime, proceeds of crime, suspicion, tax evasion, white collar crime | Leave a comment

Keeping up with the Vidamours, the Smiths and the Quayles

Posted on October 18, 2013 by Susan Grossey author

A while ago, I confessed to my addiction to consultations. Give me the chance to have my say, and I’m there, all opinions blazing. This past summer there was quite a rash of them (consultations, not opinions), including one issued … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, equivalence, financial crime, Guernsey, Isle of Man, Jersey, legislation, money laundering, proceeds of crime, research | 6 Comments

Robin red-handed

Posted on October 16, 2013 by Susan Grossey author

In a training session earlier this week, we had some lively discussions around the reporting of attempted crime – attempted fraud, attempted money laundering, attempted tax evasion. Is a SAR suitable or not, we debated, given that SARs (and their … Continue reading →

Posted in AML, Money laundering, Organised crime | Tagged AML, communication, disclosure, due diligence, financial crime, FIU, fraud, money laundering, organised crime, proceeds of crime, SAR, SARs, white collar crime | 6 Comments

What do you want from my website?

Posted on October 14, 2013 by Susan Grossey author

I hope that you will forgive me for hijacking today’s post to ask for your help. Over the weekend I was looking at my company website (www.thinkingaboutcrime.com) and it occurred to me that it might be due for a revamp. … Continue reading →

Posted in Money laundering | Tagged AML, communication, financial crime, MLRO, money laundering, publications, research, Susan Grossey, Thinking about Crime Limited, writing | 2 Comments

Signs on doors, not jackets

Posted on October 10, 2013 by Susan Grossey author

So, after much anticipation, the UK’s National Crime Agency is here – it took up the reins from SOCA (and others) on Monday 7 October. There has been quite a bit written about the NCA’s new responsibilities, but I have … Continue reading →

Posted in AML, Money laundering, Organised crime | Tagged AML, financial crime, government, money laundering, National Crime Agency, NCA, organised crime, PEP, proceeds of crime, Serious Organised Crime Agency, SOCA | Leave a comment

Who knew money launderers were such meanies?

Posted on October 8, 2013 by Susan Grossey author

I’ve spent the day preparing slides, and as you know I do love a good story to illustrate a point. And my searches have thrown up a rather sad little one – but good for training because it’s not big … Continue reading →

Posted in AML, Money laundering, Organised crime | Tagged AML, due diligence, financial crime, money laundering, organised crime, proceeds of crime, training | Leave a comment

Bad education

Posted on October 4, 2013 by Susan Grossey author

One of my hobby horses (I last blogged about it here a year ago, and I have also written on the subject for the Money Laundering Bulletin) is the exclusion of the education sector from the AML regulated community. In … Continue reading →