Monthly Archives: November 2018

The tarnish on golden visas

Posted on November 28, 2018 by Susan Grossey author

I have mentioned before the concept of “golden visas” and passports-for-sale. In today’s politically uncertain world they are becoming ever more popular, and last month Transparency International published a report called “European Getaway: Inside the Murky World of Golden Visas”. … Continue reading →

Posted in AML, Due diligence, Legislation, Money laundering | Tagged AML, due diligence, financial crime, Golden Visa, legislation, money laundering, passport, PEP, proceeds of crime, research, risk-based approach, tax evasion | 4 Comments

Something in the way she moves

Posted on November 23, 2018 by Susan Grossey author

A while ago I wrote about facial recognition software being used for client identification at ATMs and to apprehend scallywags out in public. But of course technology does not stand still, and one of the shortcomings of facial recognition software … Continue reading →

Posted in AML, Due diligence | Tagged AML, CDD, client due diligence, due diligence, facial recogntion, gait recognition, research, suspicion | 2 Comments

Interesting times

Posted on November 19, 2018 by Susan Grossey author

I like AML legislation as much as the next person – perhaps more, unless that person is an MLRO. If there’s updated AML legislation on the horizon I really look forward to it, and I’ve been on tenterhooks for about … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, communication, financial crime, government, Guernsey, guidance, legislation, money laundering, publications, training | 2 Comments

‘Dammed if you do

Posted on November 14, 2018 by Susan Grossey author

In a rather handy follow-on to my last blog post, which discussed my reasons for supporting the inclusion in the AML family of businesses that sell services for cash, Amsterdam’s administrative court has taken an interesting step. A team of … Continue reading →

Posted in AML, Money laundering | Tagged AML, corruption, due diligence, financial crime, money laundering, organised crime, proceeds of crime, tax evasion | Leave a comment

Back to school for AML

Posted on November 9, 2018 by Susan Grossey author

British public schools have a lot to answer for – David Cameron, BoJo, Michael Gove, rugby – but to this list we can now add money laundering. I don’t want to claim any glory (well, maybe just a bit) but … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, due diligence, financial crime, government, High Value Dealer, legislation, money laundering, proceeds of crime, suspicion, tax evasion | 4 Comments

Getting the hump with money laundering

Posted on November 5, 2018 by Susan Grossey author

My father spent most of his working life abroad and when my mother and I were being awkward, he used to roll his eyes and say, “In a sensible country, I’d be able to trade you two in for a … Continue reading →