Category Archives: AML

Nipping crime in the (Jersey lily) bud

Following on from my post a few days ago about the LIBOR fines being used as a force for good, I have been interested to read about the allocations made over the past decade in Jersey.  In response to a … Continue reading

Posted in Legislation, Money laundering, AML | Tagged , , , , | 2 Comments

House of horrors?

With the acres of newsprint devoted in recent months to the topic of registration of beneficial ownership, it is interesting to consider the role of the registrars.  Companies – and other structures – are required to submit returns, and to … Continue reading

Posted in AML, Due diligence, Legislation | Tagged , , , | Leave a comment

Turned out fine again

The UK Chancellor’s budget is rarely a cause for much celebration, while the obligatory leaks in the days beforehand suck every element of surprise out of his announcements, but one little gem might have passed you by on 22 November … Continue reading

Posted in AML, Supervision | Tagged , , , , , | 3 Comments

Salvator emptor

The recent record-breaking sale of “Salvator Mundi” highlighted two things – one a surprise, and the other not.  The surprise was that this is the most expensive painting by Leonardo DiCaprio that has ever been sold.  I kid you not: … Continue reading

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

Paradise polluted

Last week I went to a new gathering of people (oh, go on, you forced it out of me: I’ve joined the Women’s Institute) and when they asked what I do and I gave the potted description, several of them … Continue reading

Posted in AML, Legislation, Tax | Tagged , , , , , , , , | 9 Comments

Big worries about small accounts

The news has been full in recent days of the financial activities of the “super-rich” and fiscally sophisticated.  (That’s my phrase, that last bit, but I can imagine it catching on.  Who knows: we might even start talking about the … Continue reading

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , | Leave a comment

The Beemer and the Batboat

I have written before about the fate of items confiscated from money launderers. Often, of course, the assets have gone: the money has been spent on consumables such as fine wines and fancy holidays.  But criminals do like to surround … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , | 2 Comments

The UK’s reporting report card

Well, we in the UK are streets ahead of our EU neighbours in one regard at least: the number of SARs we submit to our FIU.  At the start of September, Europol published a report entitled “From Suspicion to Action: … Continue reading

Posted in AML, Legislation | Tagged , , , , , , , , | 3 Comments

Laying the (shaky) foundations

No-one who has heard me speak or read my blog will be surprised to hear that I am a devout Remainer.  As someone whose parents had vivid memories of (and occasional nightmares about) the Second World War and its aftermath, … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , | 4 Comments

Riches beyond imagination

If you were asked to prove where all of your assets have come from, could you do it?  For myself, I have the mortgage documents for the house, and the original receipt for my car (bought for £4,950 cash in … Continue reading

Posted in AML, Bribery and corruption, Legislation | Tagged , , , , , , , , , , , | 3 Comments