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Howdy, and welcome to my blog. If you'd like to get instant updates whenever I've been inspired or irritated enough to write something, please do subscribe.The day job
When I'm not writing this blog, I'm doing AML training, writing, research and advice. Obsessed? Hell, yeah! To find out more, have a look at my website.-
“The Solo Squid: How to Run a Happy One-Person Business”
“Heir Apparent” – the sixth Sam Plank novel
FREE Official Guide to the Sam Plank Mysteries – sample chapters and glossary
New e-boxset of first three Sam Plank e-books! Click image to buy…
“Faith, Hope and Trickery” – the fifth Sam Plank novel
New piggy in the sty! This one is for UK estate agents
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Recent posts
Collection of columns: “Susan in the City: The Cambridge News Years”
“Portraits of Pretence” – the fourth Sam Plank novel
Sam speaks! New audiobook of “Fatal Forgery”
“Worm in the Blossom” – the third Sam Plank novel
AML for NEDs in five editions: Guernsey, Isle of Man, International, Jersey and UK
AML books for UK staff
AML books for Guernsey staff
AML books for Jersey staff
AML books for Gibraltar staff
“The Man in the Canary Waistcoat” – the second Sam Plank novel
“Fatal Forgery” – the first Sam Plank novel
Edward’s adventures now out in 6-part e-format
Another good read
Posting dates
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Blogroll
Category Archives: Regulation
A word to the wise
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
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Heading for the exit
One of my great ambitions – which I achieved for a short while in one jurisdiction – is to facilitate communication and foster understanding between the three sides of the AML triangle: regulator, law enforcement and industry. Now, that’s a … Continue reading
So near and yet so far
At the end of June 2019, the UK’s Gambling Commission – one of our five-star AML regulators, getting top marks from users for both approachability and communication – published its 2018 money laundering and terrorist financing risk assessment. This examines … Continue reading
Facecrook?
Here’s what I have read about Facebook Libra: According to the Financial Times, it is “a new global digital currency backed by assets and supported by more than two dozen companies ranging from Visa and Mastercard to Lyft and Spotify”. … Continue reading
Glategny Court jester
“Please God don’t let it be money laundering” and “Heavens above, why can’t they get the concept of source of wealth?” may well be familiar phrases in the lexicon of the MLRO. But although a greater power – greater even … Continue reading
Posted in AML, General thoughts, Regulation
Tagged AML, chaplain, financial crime, FIU, GFSC, Guernsey, Guernsey Financial Services Commission, ML Regulations, money laundering
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Training across the Board
At the end of each year I do a review of what I have done during that year. Each time I issue an invoice I categorise it by jurisdiction, by sector and by activity type, and this enables me to … Continue reading
Posted in AML, Regulation, Training
Tagged AML, corporate governance, GFSC, governance, Guernsey, Guernsey Financial Services Commission, money laundering, risk, training
4 Comments
Plea for proof
Over two decades of AML training, I have heard many questions over and over again. I don’t mind this at all, and I like to think that I have refined my answers so that they are more succinct and helpful. … Continue reading
Posted in AML, Due diligence, Regulation
Tagged AML, communication, due diligence, financial crime, suspicion
4 Comments
Not worth the paper
With stories hitting the headlines recently about employees who turn out to be something of a liability (such as Jessica Harper of Lloyds Bank and Kweku Adoboli of UBS), and emphasis being placed by regulators on screening employees, the role … Continue reading
Posted in Due diligence, Money laundering, Regulation
Tagged communication, due diligence, financial crime, organised crime
2 Comments
Innocent until, etc.
Last night I went out for dinner with some well-read friends (fish finger sandwich followed by mini doughnuts and chocolate dipping sauce, thank you for asking), and money laundering was the topic du jour. And I quote: “Your lot are … Continue reading
Posted in AML, Money laundering, Regulation
Tagged AML, due diligence, financial crime, government, legislation, money laundering, proceeds of crime, Standard Chartered
1 Comment
The FSA’s duck shoot
When I prepare a new training session, I always try to include a recent case study. Money laundering stories are easy to find; naughty people are forever committing crimes and then shifting the proceeds around. On the other hand, anti-money … Continue reading
Posted in AML, Money laundering, Regulation
Tagged AML, due diligence, financial crime, FSA, legislation, ML Regulations, MLRO
5 Comments