Monthly Archives: May 2014

All in the mind

Posted on May 29, 2014 by Susan Grossey author

I’ve been thinking quite a bit about tax recently (here, for instance) and so an article in the current issue of the Economist caught my eye.  Subtitled “Lessons from behavioural economics can boost tax compliance”, it reports that research by economists from … Continue reading →

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

Plain sailing for money launderers

Posted on May 27, 2014 by Susan Grossey author

When I first started working in AML, shortly after Boudica hung up the scythed wheels of her war chariot, the only businesses covered by the Money Laundering Regulations were, in essence, banks and others offering standard financial services.  Then – … Continue reading →

Posted in AML, Money laundering | Tagged , , , , , , , , , | Leave a comment

With your head in the sand, your backside’s exposed

Posted on May 22, 2014 by Susan Grossey author

Regular readers will be more than aware that my favoured punishment for tax evaders (and their launderers) is for them to have their tender bits nibbled away by fire ants.  Tax avoiders fare slightly better in the Grossey Scale of … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , , | 6 Comments

An investment for the truly greedy

Posted on May 20, 2014 by Susan Grossey author

Dear reader, I am only just recovering.  I opened my post this morning and found a glossy brochure and covering letter: “Dear Ms Grossey, Because you are such a good Hotel Chocolat customer [I should cocoa] I am writing to … Continue reading →

Posted in AML, Money laundering | Tagged , , , , , , , | 5 Comments

Showing your workings

Posted on May 16, 2014 by Susan Grossey author

As you read this, I fully intend to be sitting at a chi-chi patisserie in a cobbled square in the High City area of Luxembourg, sipping a fruit juice and nibbling on a spectacular cake of some sort.  See – … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , | Leave a comment

A post-quadricentennial review

Posted on May 14, 2014 by Susan Grossey author

Ordinarily, I write my blog posts when the spirit moves me, and then schedule them to appear at appropriate times.  (Have you noticed the pattern?  It’s Monday, Wednesday, Friday one week, then Tuesday, Thursday the next.  And I try to … Continue reading →

Posted in AML | Tagged , , , | 4 Comments

Poor Mr Nechaev

Posted on May 12, 2014 by Susan Grossey author

I’m not very good with international politics – I get terribly confused.  What I need is flowcharts and colour-coding, so that I can tell who to cheer and who to boo.  All I really know about Ukraine, for instance, is … Continue reading →

Posted in AML, Money laundering | Tagged , , , | Leave a comment

May the (Financial Action Task) force be with you

Posted on May 8, 2014 by Susan Grossey author

I’m a bit embarrassed to admit that I’m not actually all that clear on how Bitcoin works.  I get the idea of a virtual currency, and I sort of understand how most currencies have the backing of a central bank … Continue reading →

Posted in AML, Money laundering | Tagged , , , , , , , , , , | Leave a comment

Child laundering

Posted on May 6, 2014 by Susan Grossey author

One of the pleasures of immersing myself in workshop research (as I mentioned last week) is that I often stumble across something completely new to me.  And this time I have learned that there is something called “child laundering”.  It’s … Continue reading →

Posted in Money laundering, Organised crime | Tagged , , , , , | 3 Comments

So I’m not wasting my time

Posted on May 2, 2014 by Susan Grossey author

As you may have gathered, I’m rather keen on the old AML malarkey.  I was very , very lucky to stumble into it – having scraped through all my numerical exams by sheer bloody-mindedness, I would never have chosen or … Continue reading →

Posted in AML, Money laundering | Tagged , , , , , , , , , , , | 6 Comments