Monthly Archives: January 2014

Let the trainer take the strain

Posted on January 31, 2014 by Susan Grossey author

One of my favourite publications of the year has just appeared.  No, not the Donny Osmond Christmas Annual, but KPMG’s “Global Anti-Money Laundering Survey“.  (Actually, it’s not an annual publication but only triennial, so this really is a red letter … Continue reading →

Posted in AML, Money laundering | Tagged , , , , , , , | 9 Comments

Highs and lows of marijuana

Posted on January 29, 2014 by Susan Grossey author

On 1 January 2014, the sale of marijuana for recreational purposes was legalised in Colorado and Washington.  (Twenty states already permit its sale for medical use, but these two are the first to allow it for fun.)  Putting aside the … Continue reading →

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

You have been warned

Posted on January 27, 2014 by Susan Grossey author

Re-reading the FCA Decision Notice on Standard Bank over the weekend (oh yes, it’s a giddy life for me; wall-to-wall hedonism), one thing really caught my eye.  It’s in the bit on the new method of calculating the financial penalty … Continue reading →

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

Calculators at the ready for the new FCA penalties

Posted on January 24, 2014 by Susan Grossey author

As you have doubtless seen, yesterday the Financial Crime Authority issued a penalty for AML failings against Standard Bank Plc.  According to the press release (and surprisingly), “this is the first AML case the FCA, or its predecessor the Financial … Continue reading →

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

Lucan and laundering

Posted on January 22, 2014 by Susan Grossey author

Last night I watched a two-part drama I recorded over Christmas called “Lucan”, about – astonishingly – the Lucan murder and disappearance.  What an unpleasant bunch they were (or at least according to Jeff Pope’s ITV script), the Clermont Set … Continue reading →

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

With this ring, I thee exploit

Posted on January 20, 2014 by Susan Grossey author

As we all come to terms with the feelings stirred up by having spent more time than usual in close proximity to our nearest and dearest, and as we crawl our way towards the implementation of the Fourth Money Laundering … Continue reading →

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

This blog in 2013 in review

Posted on January 16, 2014 by Susan Grossey author

The WordPress.com stats helper monkeys prepared a 2013 annual report for this blog. Here’s an excerpt: The concert hall at the Sydney Opera House holds 2,700 people. This blog was viewed about 13,000 times in 2013. If it were a … Continue reading →

Posted in Uncategorized | Leave a comment

Show me a card, any card

Posted on January 10, 2014 by Susan Grossey author

On a recent visit to a client in London, I was asked to bring along photographic ID so that I could get into their building.  And personally, I have only piece of photographic ID: my passport.  I don’t have a … Continue reading →

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

My AML resolutions for 2014

Posted on January 3, 2014 by Susan Grossey author

Welcome to my first post of 2014 – and happy new year to you all.  In my last post I looked back over 2013, so it seems sensible to use this one to look forward to the coming year, and … Continue reading →

Posted in AML, Money laundering | Tagged , , , , , , , , | 7 Comments