Monthly Archives: January 2017

Dabs and mince pies

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

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Curiosity might save the cat

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

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

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?

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

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Going off the rails

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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