Monthly Archives: July 2018

Operational concerns

Posted on July 30, 2018 by Susan Grossey author

It’s the silly season for news (although with Trump and Brexit, it’s hard to tell the difference) so here’s my contribution. I was paging through the latest annual report from the National Crime Agency, released on 20 July, and I … Continue reading →

Posted in AML, Money laundering | Tagged City of London Police, financial crime, Metropolitan Police, money laundering, National Crime Agency, NCA, operation, organised crime, police, proceeds of crime | 10 Comments

The cheque less travelled

Posted on July 25, 2018 by Susan Grossey author

One of the things that enticed me to write historical crime novels focusing on financial crime was the realisation – when I was doing some research into the history of a particular bank – that the specific tools may change … Continue reading →

Posted in AML, Money laundering | Tagged AML, AUSTRAC, communication, due diligence, financial crime, FIU, money laundering, publications, risk-based approach, traveller's cheque | 2 Comments

Nostra culpa

Posted on July 20, 2018 by Susan Grossey author

I take no credit at all for spotting this – it’s all down to Timon Molloy, editor and super-sleuth at Money Laundering Bulletin. But my new favourite financial institution is Danske Bank. Now I know what you’re thinking: surely they’re … Continue reading →

Posted in AML, Money laundering | Tagged AML, communication, Danske Bank, disclosure, due diligence, financial crime, money laundering, proceeds of crime | Leave a comment

All hail to the cheat

Posted on July 16, 2018 by Susan Grossey author

Continuing my theme of topical posts, today I thought I would spend a few minutes thinking about Donald Trump – the man an American friend refers to as the Cheeto-in-Chief (a wonderful pun on both his approach to things and … Continue reading →

Posted in AML, Bribery and corruption, Money laundering | Tagged corruption, Donald Trump, due diligence, financial crime, government, money laundering, PEP, proceeds of crime, suspicion, tax evasion, white collar crime | 3 Comments

It’s coming home – if we pay its fare

Posted on July 11, 2018 by Susan Grossey author

No doubt you are all – well, my English and Croatian readers at least – dusting off your scarves and vocal cords for tonight’s match. (Personally, I am speaking at a literary event in a local village – we’re not … Continue reading →

Posted in Bribery and corruption, Money laundering, Organised crime, Uncategorized | Tagged AML, bribery, corruption, football, legislation, MLRO, money laundering, proceeds of crime, professional enabler | Leave a comment

Minnows and whales

Posted on July 6, 2018 by Susan Grossey author

At the end of June 2018, the Attorney General of British Columbia held a press conference to launch a report into his province’s gambling industry and its possible facilitation of money laundering. Any uncertainty on the matter was removed pretty … Continue reading →

Posted in AML, Money laundering, Organised crime | Tagged AML, Canada, casino, due diligence, financial crime, gambling, government, lawyer, legislation, money laundering, organised crime, proceeds of crime | 1 Comment

Blind faith

Posted on July 2, 2018 by Susan Grossey author

The term “professional enabler” has a menacing tone to it, I always think. We started hearing it back in 2014, when the UK’s National Crime Agency, in its “High End Money Laundering Strategy and Action Plan”, observed this: “The ability … Continue reading →