Monthly Archives: May 2017

Adiós a la Cara de Piña

Posted on May 30, 2017 by Susan Grossey author

Panama has been in the news recently for its Papers, but long before then we had Noriega (or “Old Pineapple Face”, as his braver countrymen called him – behind his back, of course). Indeed, when I started out as a … Continue reading →

Posted in Bribery and corruption, Money laundering, Organised crime | Tagged bribery, corruption, financial crime, government, Manuel Noriega, money laundering, organised crime, PEP, proceeds of crime, tax evasion | 5 Comments

A record number of records

Posted on May 24, 2017 by Susan Grossey author

I know I said last time that I wouldn’t be doing anything until the UK’s new Money Laundering Regulations 2017 and their attendant guidance notes are finalised and approved (we’re working towards 26 June 2017), but that doesn’t stop me having … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, due diligence, financial crime, government, guidance notes, legislation, ML Regulations, money laundering, training | 6 Comments

A state of grace

Posted on May 19, 2017 by Susan Grossey author

Someone asked me recently about grace. Not the spiritual kind, or indeed the physical – if there is a loose paving stone within a hundred yards, I will trip over it. No, what they were concerned about is the period … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, due diligence, FCA, Financial Conduct Authority, financial crime, government, guidance notes, legislation, money laundering, writing | 2 Comments

More haste, less progress

Posted on May 15, 2017 by Susan Grossey author

I’m one of those annoying people who take deadlines really, really seriously. Last year I accidentally prepared two tax returns because I did the first one so far in advance of the deadline that I clean forgot that I had … Continue reading →

Posted in Legislation, Money laundering | Tagged communication, financial crime, government, legislation, money laundering, proceeds of crime, suspicion, tax evasion | Leave a comment

Smile: you’re on ATM camera!

Posted on May 10, 2017 by Susan Grossey author

Years ago, I used to joke in AML training sessions that one day CDD would be obsolete because as soon as a baby was born s/he would be tattooed with an indelible barcode which would be used as proof of … Continue reading →

Posted in AML, Money laundering, Organised crime | Tagged AML, due diligence, financial crime, government, money laundering, organised crime, proceeds of crime | 3 Comments

Hold your Criminal Finance horses

Posted on May 5, 2017 by Susan Grossey author

Well, it’s here: the Criminal Finances Act 2017 has received Royal Assent. And it has been quite an education in legislative procedure for me at least. For instance, did you know that the progress of a Bill (before an Act … Continue reading →

Posted in Bribery and corruption, Legislation, Money laundering | Tagged AML, corruption, financial crime, government, legislation, money laundering, proceeds of crime, tax evasion | 5 Comments

Conspiring against criminal cash

Posted on May 2, 2017 by Susan Grossey author

I have written a few times before about the interesting stage that all countries go through as their criminals (alongside ordinary people, but I’m less interested in them) transition from cash to non-cash working patterns. As a jurisdiction’s AML regime … Continue reading →