Category Archives: AML

The dawning of reality

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 , , , , , , , , , , | Leave a comment

Brains as well as brawn

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 , , , , , , , , , | 1 Comment

The devil in the detail

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 , , , , , , , , | 1 Comment

The conviction that keeps on giving

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

Posted in AML, Money laundering, White collar crime | Tagged , , , , , , , , , | 10 Comments

The bank of äiti ja isä

I have written before about money laundering staying in the family but it is usually only the adults who are involved.  A recent Finnish case has trodden new ground, with the conviction of a young man – sixteen at the … Continue reading

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

Is that wig made of wool or wolf?

A phrase I use quite often in training is, “You’d think so, wouldn’t you?”.  As in, “If the payment is coming to us from another regulated bank, won’t they have done all the checks?”  Or, “Given that CDD checks have … Continue reading

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , , , , | 4 Comments

Money launder-bling

Working in Guernsey this week, I was talking to a client about the concept of the High Value Dealer (under local legislation, those who “[trade] in goods where there is received… a payment or payments in cash of at least … Continue reading

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

White collar crime

I’m back from my hols and – as promised – I did not succumb to the flattering blandishments of Karen Pierce, UN Officer, but rather immersed myself in history and gelato in Naples and then on the island of Ischia.  … Continue reading

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

UN me – together at last

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 , , , , , , , , | 1 Comment

Cloud cuckoo Brexit

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 , , , , , , , , , | Leave a comment