Monthly Archives: June 2016

Washing clean our sins

Posted on June 28, 2016 by ihatemoneylaundering

When I was a teenager, I had something of a crush on Tom Cruise.  Come on, ladies of my age: you remember him dancing in his undies in 1983 hit movie “Risky Business”.  What finally cured me of my infatuation … Continue reading →

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Brexit and AML

Posted on June 25, 2016 by ihatemoneylaundering

The UK has voted to leave the EU.  I am devastated, of course, but that is a personal sadness.  From a professional point of view, my concern is what will happen to the AML legislation that we in the UK … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged , , , , , , | 9 Comments

Ready, steady, MLRO!

Posted on June 24, 2016 by ihatemoneylaundering

As regular readers will know, I am rather fond of a biscuit or two – and particularly the Jaffa Cake.  (Yes, it’s a biscuit not a cake, despite the name.  The way to tell is that cakes go hard when … Continue reading →

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

Do something or do nothing

Posted on June 21, 2016 by ihatemoneylaundering

Back in January 2016, the UK government launched an enquiry into “how effectively the measures introduced in the Proceeds of Crime Act 2002, to deprive criminals of any benefit from their crimes, are working [and in particular to] assess the … Continue reading →

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Guernsey’s training report card

Posted on June 16, 2016 by ihatemoneylaundering

Earlier this month the Guernsey Financial Services Commission (one of my very favourite regulators – yes, I do have favourite regulators, and favourite FIUs too) published a thematic report on financial crime training.  In it are the results of a … Continue reading →

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Summer days drifting away

Posted on June 13, 2016 by ihatemoneylaundering

In case you’re wondering why I was quiet last week, it’s because we went on holiday to Malta – never been before and it was just a coincidence that this story is raging there at the moment.  Honest. Summer should … Continue reading →

Posted in Legislation, Money laundering, Organised crime | Tagged , , , , , , , , , | 2 Comments

The slippery slope of blame

Posted on June 3, 2016 by ihatemoneylaundering

Last weekend we were at a local garden centre – they do lovely cakes – and outside the café they had set up a mock garden.  In it was a children’s slide, with a sign propped up on its steps: … Continue reading →

Posted in AML, Money laundering, Publications | Tagged , , , , , , , | 3 Comments