Category Archives: Legislation

Sixth sense

Posted on September 16, 2020 by Susan Grossey author

Right, here’s a little quiz for you: as of today, it’s 78 days until what? Points deducted if you simply say, “Thursday 3 December” – although points added if you know that that’s my mother-in-law’s birthday [note to self: remind … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, Fifth Money Laundering Directive, financial crime, government, legislation, MLD5, MLD6, money laundering, organised crime, proceeds of crime, Sixth Money Laundering Directive, tax evasion | 6 Comments

Osh Ghosh begone

Posted on September 2, 2020 by Susan Grossey author

I have had no legal training, but on the plus side I have a high boredom threshold and I love reading – both of which are, I believe, essential for lawyers. This means that I can generally work my way … Continue reading →

Posted in Legislation, White collar crime | Tagged dishonesty, due diligence, financial crime, Ghosh, government, honesty, legislation, organised crime, proceeds of crime, training, white collar crime | 5 Comments

Is that why it’s called a PEP rally?

Posted on August 26, 2020 by Susan Grossey author

I am of An Age where every working surface in our house has been equipped with a cheap pair of reading glasses – who knows when I will need to read that care label, cooking instruction or baffling piece of … Continue reading →

Posted in AML, Due diligence, Legislation, Money laundering | Tagged AML, Bank Secrecy Act, due diligence, FATF, financial crime, government, legislation, money laundering, organised crime, PEP, Politically Exposed Person, proceeds of crime, tax evasion, white collar crime | 4 Comments

A word to the wise

Posted on July 22, 2020 by Susan Grossey author

MLROs and compliance folk are creatures of precision. I (proudly) count myself among them, and I know that when I am designing procedures or assembling training materials or writing this blog, I make sure that I check my sources very … Continue reading →

Posted in AML, Legislation, Regulation | Tagged AML, CDD, communication, due diligence, government, Jersey, legislation, MLCO, MLRO, money laundering, publications, writing | Leave a comment

Levy-hearted

Posted on March 25, 2020 by Susan Grossey author

I have my fingers in my ears and am chanting “la la la” to myself, as I refuse to listen to any more corona-chatter. For today’s blog I am going to pretend that nothing untoward is happening and have a … Continue reading →

Posted in AML, Legislation, Money laundering, Supervision | Tagged AML, budget, economic crime, Economic Crime Levy, financial crime, HM Treasury, legislation, money laundering, Money Laundering Regulations | 2 Comments

Taking money laundering to ‘art

Posted on January 29, 2020 by Susan Grossey author

“I don’t know much about art, but I know what I like.” That (very common) attitude might be OK when you’re standing in a gallery trying to make sense of something you’ve seen, but it won’t pass muster if you’re … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, art, art market participant, due diligence, Fifth Money Laundering Directive, financial crime, freeport, legislation, MLD5, MLRO, money laundering, Money Laundering Regulations, organised crime, proceeds of crime, training | 2 Comments

A piggy new year to everyone

Posted on January 8, 2020 by Susan Grossey author

Welcome back, one and all. Well, wasn’t that an exciting festive period? Just as I was undoing the top button on my skirt, ready to launch into the yard of Jaffa Cakes that my husband (he knows me so well) … Continue reading →

Posted in AML, Legislation, Money laundering, Publications | Tagged AML, due diligence, financial crime, government, legislation, ML Regulations, money laundering, publications, training, writing | 6 Comments

Snatching defeat from the jaws of victory

Posted on December 11, 2019 by Susan Grossey author

In my opinion, there are countless precious and all but irreplaceable things that the UK will lose if it leaves the EU, including access to many of the EU-wide initiatives, agencies and programmes that make the bloc such a success. … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, European Commission, European Union, financial crime, government, legislation, money laundering, proceeds of crime, research | 2 Comments

Vote early, vote often

Posted on December 4, 2019 by Susan Grossey author

Thank goodness it’s nearly over: I don’t think I can take much more politicking this year. Regular readers will know that I loathe, detest and despair at the idea of our leaving the EU and I have voted (postally) accordingly. … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, communication, corruption, cybercrime, financial crime, government, legislation, modern slavery, money laundering, people trafficking, publications, regulation, slavery, tax evasion | 4 Comments

An officer and a target

Posted on September 25, 2019 by Susan Grossey author

I’m very familiar with the work of Money Laundering Reporting Officers, Money Laundering Compliance Officers, general compliance officers and police officers. But I had never heard of Section 151 officers until a money laundering story of relevance to them popped … Continue reading →