Out now! “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
Category Archives: Regulation
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
I ♥ the FATF (when they prove me right)
Unless you have been on retreat in an ashram or stuck in the fog in Guernsey, you will know that the Financial Action Task Force has recently issued a revised version of its 40+9 Recommendations. For a start, it’s now … Continue reading
Deficient or just plain black?
I’m a big fan of the Financial Action Task Force – I even call them “eff-ay-tee-eff” as I think this is more respectful than “fat-eff”. But dealing with them, even at my lowly level of simply reading whatever they publish … Continue reading
Girl guidance
You know how there are some words you find yourself saying dozens of times a day – diligence, laundering, chocolate. Well, one I use more than most is “guidance”. I must have said it a hundred times yesterday, when I … Continue reading
Posted in Legislation, Regulation, Supervision
Tagged AML, FSA, guidance, legislation, ML Regulations, money laundering, training
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The spirit is willing but the risk is too great
At a recent training session, when I was explaining the mechanics of Hawala banking, someone asked, “Why don’t we just make it part of the AML regulations?”. Well. Quite. I had gone through the usual stuff about alternative remittance systems … Continue reading
Posted in AML, Legislation, Regulation, Supervision
Tagged AML, communication, fines, legislation, ML Regulations, money laundering, regulators, supervision
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Sure, you can pat him
You know your neighbour with that enormous dog, the one that snoozes quietly in the garden most of the time, but you’re warned not to turn your back on him “because he’s a bit unpredictable”? Well, that’s the FSA. They … Continue reading
Posted in Regulation, Supervision
Tagged bribery, Bribery Act 2010, corruption, financial crime, fines, FSA
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