Monthly Archives: April 2020

No, no, no to UWO, UWO, UWO

Most of us in the world of AML have welcomed the advent of the Unexplained Wealth Order – the court order introduced by the Criminal Finances Act 2017, which can be served to compel either a PEP or someone involved … Continue reading

Posted in AML, Bribery and corruption, Money laundering | Tagged , , , , , , , , , , , , , , , , , | 2 Comments

Keep washing that money

This blog – much like its author – veers wildly between buoyancy and doom, and this week it’s the latter.  Sorry about that.  And it’s about the pestilence.  Sorry about that too.  But there’s no lock-down for criminality and I … Continue reading

Posted in AML, Due diligence, Fraud, Money laundering, Organised crime | Tagged , , , , , , , , , , | 2 Comments

The topic will be sin and that’s what I’m ag’in

At the beginning of April 2020 the UK’s National Crime Agency published its “National Strategic Assessment of Serious and Organised Crime 2020”.  Of course, much of this report looks at the damage being done by criminals but – as instructed … Continue reading

Posted in Fraud, Money laundering | Tagged , , , , , , , , | 2 Comments

The launderer always blinks twice

My money laundering news alerts have been very, very quiet in the past fortnight – not for one moment do I think this means that money laundering has stopped, or even decreased markedly, but understandably businesses and law enforcement agencies … Continue reading

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , , | 7 Comments

Looking to the post-pandemic future

I’m not going to attempt to foretell the impact that the current pandemic will have on our financial systems or on financial crime – there are many people much better qualified than I to do that.  For instance, the tip-top … Continue reading

Posted in AML, Money laundering, Organised crime | Tagged , , , , , , , , , , , , , | 11 Comments