Monthly Archives: May 2016

The golden rule

I know we’re all excited these days about currencies you can’t even see, but criminals are a catholic bunch: they’ll entertain any mechanism for their laundering, no matter how old-fashioned or new-fangled.  And now that he is safely (hah!) in … Continue reading

Posted in Money laundering, Organised crime | Tagged , , , , , , | 6 Comments

An MLRO of one’s own

At a training session recently, someone asked me about the reporting regime in their firm, and whether they had to send their SAR via their manager.  Oh no, I said – in fact, definitely don’t send it via the manager, … Continue reading

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

In praise of the lecture

I’ve had an epiphany.  I’ve been training people for a quarter of a century now – longer, if you count the innocent young minds once given over to me by the National Curriculum – and I’ve realised something important.  I … Continue reading

Posted in AML, Money laundering, Training | Tagged , , , , , | 4 Comments

Panama: a drop in the ocean

So the Panama Papers are Out There.  Hands up who has gone into the database and searched on their own name….  Of course I did, with such an unusual name – not that I have ever done anything myself, you … Continue reading

Posted in AML, Bribery and corruption, Due diligence, Money laundering | Tagged , , , , , , , , , | 4 Comments

An oversight oversight over there?

One of the joys of writing a blog is that it’s like having an informal team of researchers, or moles even, looking out for money laundering stories for me.  I adore anti-money laundering as you know, but I’m just one … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , , , , | 4 Comments

Make mine a Jaffa Cake

I wonder if anyone has ever invited Rory Sutherland to be an MLRO?  I ask only because several of his recent Wiki Man columns in the Spectator magazine, although ostensibly about (I think) psychology as it relates to business and … Continue reading

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Bye bye banknote

Usually news about banknotes focusses on their design (we’re getting Turner and the fabulous “Fighting Temeraire” on our new £20 note in 2020), their devotees (the New Zealand $5 note has just been named Banknote of the Year for 2015) or … Continue reading

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

Order, order – Unexplained Wealth Order

There’s nothing new under the sun, they say, and Unexplained Wealth Orders certainly comply with that dictum.  On 21 April 2016 the UK government announced its action plan (these days a simple plan is not enough: it must be galvanised … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , , | 1 Comment

Seek and ye shall find

At least once a month someone, on hearing my line of work, will have a go at me about how “money laundering” has got in the way of their opening a bank account, getting a loan, buying a house or … Continue reading

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