Monthly Archives: December 2014

Ho ho high risk!

Posted on December 22, 2014 by Susan Grossey author

While casting around for an idea for this final blog post before Christmas (as you know, money laundering is something of a passion of mine, but even I have to admit that it’s not what you would call festive…), I … Continue reading →

Posted in AML, Due diligence | Tagged AML, due diligence, money laundering, PEP, white collar crime | 6 Comments

I look down on him…

Posted on December 18, 2014 by Susan Grossey author

Earlier this month, the UK’s FIU, the National Crime Agency, published its “SARs Annual Report 2014”. It has some SAR statistics and a few brief case studies, which are all useful for training, but I was keen to see how … Continue reading →

Posted in Due diligence, Money laundering | Tagged AML, disclosure, due diligence, financial crime, money laundering, National Crime Agency, proceeds of crime, SARs, suspicion, white collar crime | 2 Comments

Fare’s fair

Posted on December 16, 2014 by Susan Grossey author

Any UK reader who has gasped in horror while handing over (metaphorical) fistfuls of cash to their railway company will remember the outrage we all felt when, in April 2014, it was revealed that a “City financier” had been cheating … Continue reading →

Posted in Due diligence | Tagged AML, disclosure, due diligence, Financial Conduct Authority, financial crime, money laundering, proceeds of crime, white collar crime | 6 Comments

The piggy popularity poll

Posted on December 12, 2014 by Susan Grossey author

As we approach the end of the year, I always take the time to review my year – specifically, which of my projects and initiatives have worked, and which have not. This year, for instance, my workshops for experienced MLROs … Continue reading →

Posted in AML, Money laundering, Publications | Tagged AML, due diligence, money laundering, non-executive directors, publications, training, writing | Leave a comment

The casino duck

Posted on December 10, 2014 by Susan Grossey author

I am doing some work with a casino, and they have introduced me to a term I had not heard before – much-beloved of the UK’s Gambling Commission, it turns out – which is “criminal spend”. It means “the use … Continue reading →

Posted in Legislation, Money laundering | Tagged AML, casino, due diligence, financial crime, gambling, Gambling Commission, legislation, money laundering, organised crime, proceeds of crime, suspicion | 5 Comments

Just how close is close?

Posted on December 8, 2014 by Susan Grossey author

PEPs are a perennial and perplexing problem. Who they are, how long they stay like that for, and what to do about them anyway – headaches all along the line. But one aspect of PEPitude that has been exercising (perhaps … Continue reading →

Posted in AML, Bribery and corruption, Money laundering | Tagged AML, due diligence, FATF, Financial Action Task Force, MLRO, money laundering, PEP, Politically Exposed Person, proceeds of crime | Leave a comment

Because you’re worth it

Posted on December 4, 2014 by Susan Grossey author

Are you sitting comfortably? I ask only because I’m doing that scene-setting stuff again, and it’s going to take a while. When I was a little girl, my grandma took delivery of a new three-piece suite. It was an event … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged AML, due diligence, financial crime, money laundering, organised crime, training | 6 Comments

The wretched refuse of your teeming shore

Posted on December 2, 2014 by Susan Grossey author

When I was a little girl, I had one of those 3D plastic viewers; you put a circular cardboard plate of tiny transparencies in it, looked to the light, and pressed the trigger to change the picture. Whenever he went … Continue reading →