Monthly Archives: September 2014

Not nice people at all

Posted on September 29, 2014 by Susan Grossey author

I am not good with violence – certainly not dishing it out, but not even watching it.  I nearly keeled over into my popcorn during the chair-whipping scene in “Casino Royale”; after all, I had grown up with Bond films where … Continue reading →

Posted in Money laundering, Organised crime | Tagged , , , , , , , | 5 Comments

Time for a PEP talk

Posted on September 25, 2014 by Susan Grossey author

I have been working in Guernsey this week, and talking (amongst other things) about the proposed changes coming down the line towards us in the Fourth Money Laundering Directive .  (And before anyone says anything, no, Guernsey is not a member … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , | 10 Comments

But it is your business

Posted on September 23, 2014 by Susan Grossey author

Sometimes I think we can get so bogged down in paperwork (“Who can certify this copy document?”, “What about the client who does everything online and so has no paper statements or bill?) that we forget our most potent AML … Continue reading →

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

He’s not off to sunny Spain

Posted on September 19, 2014 by Susan Grossey author

I have always felt that one of the benefits – nay, the joys – of working in AML is that there is never time to become bored or complacent.  Just as you get to grips with how it all works, … Continue reading →

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

By his purchases shall ye know him

Posted on September 17, 2014 by Susan Grossey author

Someone suggested the other day that I should write a book about AML, and I said that I already had.  It made me think about it, so I went back and counted how many I have written, and it’s actually … Continue reading →

Posted in AML, Publications | Tagged , , , , , | 2 Comments

Coming back to haunt her

Posted on September 15, 2014 by Susan Grossey author

If I say the words “HSBC” and “Mexico” in the same sentence, we all know whereof I speak.  (For any newcomers to AML, this is good summary.)  Busy as I am obsessing about all things money laundering, I do not … Continue reading →

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

NCA gets tough on consent

Posted on September 11, 2014 by Susan Grossey author

Because I am such a structured sort of person myself (big excitement last week, for instance, when the 2015 wall planner went up), I very much like the UK’s consent timetable.  That’s not what anyone else calls it, I daresay, … Continue reading →

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Now you see it…

Posted on September 9, 2014 by Susan Grossey author

My husband (who subscribes to this blog – well, we need something to talk about over dinner) commented the other day that my posts are much longer than they used to be.  He’s right: my early posts were about 200 … Continue reading →

Posted in AML | Tagged , , , , , | 4 Comments

Do they have a means form?

Posted on September 5, 2014 by Susan Grossey author

As my voluntary service, I work as a magistrate in Cambridge.  And when magistrates are imposing a financial penalty on someone, we always ask for their “means form”, on which they detail their income and outgoings – in short, we want … Continue reading →

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Going against nature

Posted on September 3, 2014 by Susan Grossey author

I try to keep up with it all, I really do, but there is just too much serious financial naughtiness for me to track everything.  So thank goodness for the Economist, and its recent story on corruption in Catalonia.  The … Continue reading →

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