Monthly Archives: August 2018

UN me – together at last

Posted on August 31, 2018 by Susan Grossey author

It has been the summer of daft emails for Thinking about Crime – perhaps the very hot weather has kept all of the scammers indoors even more than usual, crafting their approaches. Hoping to appeal to my vanity and to … Continue reading →

Posted in AML, Money laundering | Tagged AML, cybercrime, due diligence, financial crime, fraud, government, money laundering, Thinking about Crime Limited, white collar crime | 1 Comment

Cloud cuckoo Brexit

Posted on August 27, 2018 by Susan Grossey author

Don’t worry: I’m not going to tell you again how I feel about Brexit. This update is purely about the AML implications for those of us left behind in the cast-adrift, backwards-looking, isolationist UK. As you know, the European Fifth … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, Brexit, communication, European Union, Fifth Money Laundering Directive, financial crime, government, ML Regulations, MLRO, money laundering | Leave a comment

A bum note

Posted on August 22, 2018 by Susan Grossey author

It’s on its way out, that banknote of choice for the money laundering fraternity: on 4 May 2016 the European Central Bank announced that it will stop issuing the €500 note at the end of 2018, “taking into account concerns … Continue reading →

Posted in Money laundering, Terrorist financing | Tagged AML, communication, financial crime, money laundering, organised crime, proceeds of crime, tax evasion | 10 Comments

Made to measure

Posted on August 17, 2018 by Susan Grossey author

About once a year I will say in a dreamy voice, “Perhaps I should do a PhD in criminology…”. I love the idea of spending months in the library as I craft my thesis, and then becoming the first-ever Dr … Continue reading →

Posted in AML, Money laundering, Publications | Tagged AML, communication, due diligence, Financial Conduct Authority, financial crime, legislation, money laundering, publications, research, risk, risk appetite, white collar crime | 6 Comments

You say potato, I say prison

Posted on August 13, 2018 by Susan Grossey author

It’s becoming something of theme, isn’t it – professional enablers? I’ve certainly blogged about it before, as in this post. And just last month the Financial Action Task Force released their own report into the phenomenon, entitled “Professional Money Laundering”. … Continue reading →

Posted in AML, Bribery and corruption, Money laundering, White collar crime | Tagged AML, corruption, financial crime, fraud, money laundering, proceeds of crime, professional enabler, tax evasion, white collar crime | Leave a comment

Glategny Court jester

Posted on August 8, 2018 by Susan Grossey author

“Please God don’t let it be money laundering” and “Heavens above, why can’t they get the concept of source of wealth?” may well be familiar phrases in the lexicon of the MLRO. But although a greater power – greater even … Continue reading →

Posted in AML, General thoughts, Regulation | Tagged AML, chaplain, financial crime, FIU, GFSC, Guernsey, Guernsey Financial Services Commission, ML Regulations, money laundering | Leave a comment

Nasty things indeed

Posted on August 3, 2018 by Susan Grossey author

Today I received a fabulous email. It came to my work email address – no surprise there, as this is plastered all over this blog and my website and so is easily harvested – and makes reference to a password … Continue reading →