Category Archives: Organised crime

Happy holidays!

Posted on August 19, 2020 by Susan Grossey author

Well hello everyone – I’m back. And while I was away on my hols, I did wonder whether taking time off in the summer was the responsible thing to do. As long ago as 1831, astronomer and statistician Adolphe Quetelet … Continue reading →

Posted in AML, Fraud, Money laundering, Organised crime | Tagged AML, due diligence, financial crime, fraud, money laundering, organised crime, risk-based approach, white collar crime | Leave a comment

Keep washing that money

Posted on April 22, 2020 by Susan Grossey author

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 AML, corruption, due diligence, FBI, financial crime, fraud, mafia, money laundering, organised crime, proceeds of crime, white collar crime | 3 Comments

Looking to the post-pandemic future

Posted on April 1, 2020 by Susan Grossey author

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 AML, Bright Line Law, due diligence, financial crime, FIU, legislation, money laundering, organised crime, proceeds of crime, research, risk assessment, risk-based approach, RUSI, suspicion | 11 Comments

Planes and pandemics

Posted on March 18, 2020 by Susan Grossey author

One of the challenges of AML work is keeping up with the endless adaptability and imagination of criminals. Unshackled by moral considerations, or by the need to report to risk committees or by the requirement to comply with legislation (quite … Continue reading →

Posted in Fraud, Money laundering, Organised crime | Tagged AML, due diligence, financial crime, fraud, government, money laundering, money mule, organised crime, phishing, proceeds of crime, risk-based approach, suspicion | 4 Comments

Free for all

Posted on February 19, 2020 by Susan Grossey author

Just as Voldemort’s name cannot be used for fear of conjuring him up, so too we have declared a taboo in our house on the B word (the one to do with the EU) and on the name of the … Continue reading →

Posted in AML, Bribery and corruption, Money laundering, Organised crime, Supervision, Tax | Tagged AML, Brexit, corruption, due diligence, financial crime, freeport, legislation, money laundering, organised crime, proceeds of crime, risk assessment, tax evasion, white collar crime | 6 Comments

Regrets, he’s had a few

Posted on February 12, 2020 by Susan Grossey author

Here in the UK – and I am sure that many countries will have something similar – we have an organisation called the Restorative Justice Council. The purpose of restorative justice, as explained on the RJC’s website, is “[to bring] … Continue reading →

Posted in AML, Money laundering, Organised crime | Tagged AML, due diligence, financial crime, fraud, Fraudster's Diary, money laundering, organised crime, proceeds of crime, restorative justice, Restorative Justice Council, white collar crime | 4 Comments

Lights, camera, action!

Posted on November 20, 2019 by Susan Grossey author

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 AML, communication, due diligence, financial crime, modern slavery, money laundering, money mule, organised crime, proceeds of crime, Salvation Army, Santander, slavery, training, UK Finance | 2 Comments

Pass the popcorn

Posted on October 30, 2019 by Susan Grossey author

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 AML, bribery, corruption, due diligence, financial crime, fraud, money laundering, Mossack Fonseca, Netflix, organised crime, proceeds of crime, tax evasion | Leave a comment

Words speaking louder than actions

Posted on August 28, 2019 by Susan Grossey author

Now I know it’s important to Think Big – to have goals and targets and ambition. But you can take it too far. And I rather think that in their recent “Economic Crime Plan 2019-2022” the joint forces of HMG … Continue reading →

Posted in AML, Fraud, Money laundering, Organised crime, Publications | Tagged AML, corruption, due diligence, economic crime, financial crime, government, legislation, money laundering, organised crime, proceeds of crime, publications, UK Finance, white collar crime | Leave a comment

On their own authority

Posted on July 3, 2019 by Susan Grossey author

Over a two-decade career in AML, one of the things I have noticed is the “normalisation” of the terms “money laundering” and “AML”. When I first started out, I had to explain to everyone non-finance-y what money laundering was and … Continue reading →