Monthly Archives: October 2017

What’s in a name?

Posted on October 27, 2017 by Susan Grossey author

Name changes are a tricky thing.  Remember when Royal Mail decided to call itself Consignia?  That lasted for about a year until it was quietly shelved.  (Mind you, Brad’s Drink was renamed Pepsi-Cola in 1898, and that seems to have … Continue reading →

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

Maman’s the word

Posted on October 23, 2017 by Susan Grossey author

I know that AML and CFT go together.  I’m not convinced that they belong together, but I am swimming against the tide, which seems to favour putting all financial crime into the same category.  And so I am careful to … Continue reading →

Posted in Due diligence, Terrorist financing | Tagged , , , , | 8 Comments

Riches beyond imagination

Posted on October 18, 2017 by Susan Grossey author

If you were asked to prove where all of your assets have come from, could you do it?  For myself, I have the mortgage documents for the house, and the original receipt for my car (bought for £4,950 cash in … Continue reading →

Posted in AML, Bribery and corruption, Legislation | Tagged , , , , , , , , , , , | 6 Comments

Plea for proof

Posted on October 13, 2017 by Susan Grossey author

Over two decades of AML training, I have heard many questions over and over again.  I don’t mind this at all, and I like to think that I have refined my answers so that they are more succinct and helpful.  … Continue reading →

Posted in AML, Due diligence, Regulation | Tagged , , , , | 4 Comments

Gamekeeper turned poacher

Posted on October 9, 2017 by Susan Grossey author

Last week my husband and I were on one of those long car journeys when you discuss all sorts of crazy things just to keep the boredom at bay.  We were talking about careers and whether we would choose the … Continue reading →

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

Miffed at MiFID II

Posted on October 4, 2017 by Susan Grossey author

Fifty-two.  That’s how many triple packs of Jaffa Cakes I could have bought with the £138 I have just had to shell out to buy an LEI for my company.  That’s a Legal Entity Identifier: a 20-digit identifying number required … Continue reading →

Posted in Due diligence, Legislation | Tagged , , , , , | Leave a comment