Monthly Archives: September 2015

Muzzle those compliance watchdogs

Posted on September 28, 2015 by Susan Grossey author

I went on a Grand Day Out to London last week, and on my way home avoided catching up with emails by reading the (now free) Evening Standard.  My eye was caught, of course, by a story about compliance, because … Continue reading →

Posted in AML, Due diligence, Uncategorized | Tagged , , , , , , , | 4 Comments

Dumb diligence

Posted on September 25, 2015 by Susan Grossey author

Personal responsibility is very much the name of the game at the moment, with the UK’s new Senior Managers Regime and PSR register both on their way.  The aim is to make individuals take responsibility for their decisions and actions, … Continue reading →

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

The bright side of corruption

Posted on September 22, 2015 by Susan Grossey author

I have just returned from a railway holiday in what I still call “eastern Europe”, so I hope you will forgive a slightly tongue in cheek post as I get back into gear for serious work.  In order to get … Continue reading →

Posted in Bribery and corruption, Money laundering | Tagged , , , , , | 1 Comment

The risk of compassion

Posted on September 15, 2015 by Susan Grossey author

I have just finished reading a book called “A Long Walk Home”, which is an account by Englishwoman Judith Tebbutt of her ordeal of being kidnapped by Somali pirates who killed her husband and then held her at various locations … Continue reading →

Posted in AML, Due diligence | Tagged , , , , , , | 1 Comment

Chugging in court

Posted on September 8, 2015 by Susan Grossey author

In training I am often asked what happens to the money that is confiscated from criminals, and I have visited the subject previously in this blog.  But recently a new option has come to light: give it to charity.  And … Continue reading →

Posted in AML, Organised crime | Tagged , , , , , , | 2 Comments

No silver bullet

Posted on September 1, 2015 by Susan Grossey author

About once a month, I get an email or phone call from someone who has produced a software “solution” to help MLROs – often a CDD system, or a transaction monitoring gizmo.  And what they want is to show me … Continue reading →

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