Monthly Archives: October 2018

Once more with conviction

Posted on October 31, 2018 by Susan Grossey author

Every few months I indulge myself in a little daydream of doing a PhD in criminology. Like all good daydreams, it’s rich in lovely feelings – imagine sitting in the library all day, thinking deep thoughts about money laundering, breaking … Continue reading →

Posted in AML, Money laundering | Tagged AML, due diligence, financial crime, government, legislation, money laundering, proceeds of crime, Proceeds of Crime Act, research, Solicitor-General | 1 Comment

Debt and dishonour

Posted on October 26, 2018 by Susan Grossey author

One* of the best things about writing this blog is that lots of lovely readers send me great stories. David in London (I’m using only his first name out of deference to his security background, but with that security training … Continue reading →

Posted in Uncategorized | Tagged bribery, corruption, financial crime, government, money laundering, PEP, proceeds of crime, suspicion, tax evasion | Leave a comment

A stain on the ivory towers

Posted on October 22, 2018 by Susan Grossey author

Money laundering through the property sector in the UK is not a new story – goodness, if you live in London and you don’t have at least three dodgy foreign PEPs in your local Neighbourhood Watch scheme, you’ll be feeling … Continue reading →

Posted in AML, Money laundering | Tagged AML, due diligence, estate agent, financial crime, money laundering, National Association of Estate Agents, PEP, proceeds of crime, property | 2 Comments

The dawning of reality

Posted on October 17, 2018 by Susan Grossey author

When I read this story, I had to check the date and make sure that it wasn’t April Fools’ Day, but no, it seems that it’s on the level. A large Irish law firm called Matheson has launched a phone … Continue reading →

Posted in AML, Money laundering, White collar crime | Tagged AML, communication, due diligence, financial crime, Ireland, Matheson, money laundering, organised crime, proceeds of crime, suspicion, white collar crime | 2 Comments

Brains as well as brawn

Posted on October 12, 2018 by Susan Grossey author

Maybe it’s because it sounds like complaint, but I often encounter the assumption that people who work in compliance are dreary, dull fellows, nit-picking and carping for a living, finding fault in other people’s work and lives, and generally being … Continue reading →

Posted in AML, Money laundering | Tagged AML, due diligence, financial crime, government, Latvia, money laundering, MONEYVAL, organised crime, proceeds of crime, publications | 4 Comments

The devil in the detail

Posted on October 8, 2018 by Susan Grossey author

I had an interesting phone call with a compliance officer the other day – she will recognise herself in this description. We were talking about a possible suspicion, and I was impressed by both her attention to detail and her … Continue reading →

Posted in AML, Money laundering | Tagged AML, compliance, due diligence, financial crime, money laundering, proceeds of crime, source of funds, source of wealth, suspicion | 1 Comment

The conviction that keeps on giving

Posted on October 3, 2018 by Susan Grossey author

It’s an old joke – “I’ve been married for twenty years; you get less for murder” – but in the UK, at least, that’s true. According to reputable research, the average sentence for a murderer in the UK is sixteen … Continue reading →