Monthly Archives: January 2017

Dabs and mince pies

Posted on January 27, 2017 by Susan Grossey author

Have you heard of Aadhar?  No, nor me.  The name comes from the Hindi for “foundation”, and it’s a cloud-based ID database that holds the details of (at last count) over a billion Indians.  When you register with Aadhar, you … Continue reading →

Posted in AML, Due diligence | Tagged , , , , | 11 Comments

Curiosity might save the cat

Posted on January 23, 2017 by Susan Grossey author

One of the management buzz-phrases that seems to be staying the course is “tone from the top”.  In the world of AML, the tone from the top has in fact originated at the bottom: first we had MLROs beating the … Continue reading →

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Nobody loves me, everybody hates me

Posted on January 18, 2017 by Susan Grossey author

In common with many global banks, Deutsche Bank has come under the AML regulatory spotlight of late.  And then, on 4 January 2017, it was announced that Deutsche’s Global Head of Anti-Financial Crime, an Englishman called Peter Hazlewood, was quitting … Continue reading →

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

When legislation lets you down

Posted on January 13, 2017 by Susan Grossey author

For a couple of years I have been tracking the fortunes of “Les W”.  The Wildensteins are one of the highest-profile families in France; Wildenstein & Co was one of the most successful and influential art dealerships of the last … Continue reading →

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Forget the carrot – where’s that stick?

Posted on January 9, 2017 by Susan Grossey author

Years, nay, decades ago, when I started out in AML training, I vowed to myself that my training would be different.  It would not concentrate on money laundering penalties, or feature the phrases “clapped in irons”, “bread and water” or … Continue reading →

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

Going off the rails

Posted on January 4, 2017 by Susan Grossey author

Welcome back, and may I wish you all a happy and peaceful 2017. India has certainly been in the money laundering news lately, what with its “demonetisation” of the most common banknotes on 8 November 2016 and the subsequent arguments … Continue reading →

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