Category Archives: Money laundering

The special joy of damage joy

I remember the first time I was told what schadenfreude means – pleasure derived from another’s misfortune.  I quickly realised what an essential component of life it is, and thought how odd it is that only the Germans have seen … Continue reading

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

A piggy new year to everyone

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 , , , , , , , , , | 4 Comments

Take my word for it

I have written before about the reliance dilemma – the fact that nearly everyone’s AML legislation and guidance says that although you can delegate some or all of your AML work, you cannot delegate the responsibility for that work being … Continue reading

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , , , , , , | 1 Comment

Snatching defeat from the jaws of victory

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 , , , , , , , , | 2 Comments

Vote early, vote often

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 , , , , , , , , , , , , , | 4 Comments

Making AML count

One of the most common requests I hear when designing AML training for clients is for case studies (which I have blogged about recently) and for “lessons learned”.  Alongside this, we have regulators regularly reminding us that their final notices … Continue reading

Posted in AML, Money laundering, Publications | Tagged , , , , , , , , , , , | 5 Comments

Lights, camera, action!

After my little rant about podcasts, I can report this week that conversely I am fully in favour of what I still call video clips.  In the olden days, when I used videos as part of my AML training, we … Continue reading

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

Pass the popcorn

My telly viewing habits are rather old-fashioned: I like nothing better than watching a repeat of a beloved programme (original “Upstairs, Downstairs” and “Poldark”, I’m talking about you) and I steer clear of anything gory, violent, scary or – saints … Continue reading

Posted in Due diligence, Money laundering, Organised crime, Tax | Tagged , , , , , , , , , , , | Leave a comment

Dutch courage

One of the dearest ambitions of my little AML-ish heart has been to participate in a think-tank or colloquium or workshop or similar learned gathering, with the aim of influencing AML strategy.  I want to take part not for the … Continue reading

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

The stink of money laundering

Have you ever fibbed slightly about what you do for a living (that you work in AML) in order to avoid yet another tedious story about someone’s grandma who was with her bank for 312 years and STILL had to … Continue reading

Posted in AML, Money laundering | Tagged , , , , , , , , , , | 9 Comments