Monthly Archives: July 2014

Will that be cash, sir?

Posted on July 30, 2014 by ihatemoneylaundering

About three weeks ago Singapore announced that it is going to stop issuing its $10,000 notes because of “the risks associated with large value cash transactions and high-value notes”, according to the Monetary Authority of Singapore. However, the notes already … Continue reading →

Posted in AML, Money laundering | Tagged AML, banknote, cash, due diligence, financial crime, money laundering, proceeds of crime, Serious Organised Crime Agency, SOCA, tax evasion | 6 Comments

Dedicated followers of fashion

Posted on July 28, 2014 by ihatemoneylaundering

As regular readers will know, I have been working in AML for several hundred years. I wish I could claim oracular levels of prescience in my selection of career, but the truth is that I chose to devote myself to … Continue reading →

Posted in Money laundering | Tagged corruption, financial crime, money laundering, PEP, proceeds of crime, white collar crime | Leave a comment

Getting away with it – but no longer

Posted on July 24, 2014 by ihatemoneylaundering

I am just coming to the end of my month-long writing retreat, working on the sequel to last year’s historical financial crime novel “Fatal Forgery” – first draft completed, so big hurrah! (BTW, I’m still dithering about the title for the … Continue reading →

Posted in Money laundering, Organised crime | Tagged asset forfeiture, confiscation, financial crime, forfeiture, legislation, organised crime, proceeds of crime, publications, white collar crime | 7 Comments

Tipping point for tipping off?

Posted on July 18, 2014 by ihatemoneylaundering

I work regularly in five jurisdictions (Guernsey, Jersey, Isle of Man, Gibraltar and the UK) and occasionally in others (Cayman Islands, Luxembourg, Ireland), and for me an absolute prerequisite is a good understand of the local AML legislation. Thankfully, as … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, due diligence, financial crime, Guernsey, Jersey, legislation, money laundering, proceeds of crime, tipping off, training | Leave a comment

Fanfare for the FATF

Posted on July 11, 2014 by ihatemoneylaundering

When I started working in AML – back when the world was in black and white – I didn’t have my own computer. Instead, I would go into the University Library in Cambridge, and use their computer to find and … Continue reading →

Posted in AML, Money laundering | Tagged AML, communication, FATF, Financial Action Task Force, money laundering, publications, research | 2 Comments

Charlie, Audrey – and Gulnara

Posted on July 4, 2014 by ihatemoneylaundering

As I am currently hiding away in Switzerland, I thought a Swiss-themed blog was in order. This part of Switzerland – picture Lake Geneva (Lac Léman) like an upside-down banana, and I’m just off the far eastern tip of it, … Continue reading →