Category Archives: Supervision

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

Posted in AML, Money laundering, Regulation, Supervision, Terrorist financing | Tagged , , , , , , , , , , , , | 5 Comments

Something good written by Committee

As you are surely aware, the UK is currently convulsed (almost to the point of turning itself inside out) by a frenzy of self-analysis.  And AML has not escaped the mood of introspection: on 8 March 2019, the House of … Continue reading

Posted in AML, Money laundering, Supervision | Tagged , , , , , , | 1 Comment

Too much of a bad thing

Please may I distract you from the festering plague sore that is Brexit by drawing your attention instead to something we Brits do rather well, which is AML supervision.  In fact we’re so good at this that we have dozens … Continue reading

Posted in AML, Money laundering, Supervision | Tagged , , , , , , , , , , , , | 7 Comments

The plain un-SAR-nished truth

Remember when Hugh Grant was PM in “Love Actually” and he found out that his tea-lady’s ex-boyfriend had been nasty to her and offered to have the scoundrel assassinated by the “absolutely charming” SAS?  “Ruthless trained killers are just a … Continue reading

Posted in AML, Money laundering, Organised crime, Supervision | Tagged , , , , , , , , , , , , | 8 Comments

The concept of anonymous publication

We all have a talent, and mine is words.  I love reading and writing them, my spelling is pretty crash-hot, and if I am trying to remember something, I tend to see it as a word, e.g. “I’ve forgotten his … Continue reading

Posted in AML, Money laundering, Supervision | Tagged , , , , , , , , , , , , | 4 Comments

Cleaning house for estate agents

Just to raise the tone of this blog a little, I’d like to start today with a quotation from Voltaire’s 1759 satirical novel “Candide”: “Dans ce pays-ci, il est bon de tuer de temps en temps un amiral pour encourager les … Continue reading

Posted in AML, Money laundering, Supervision | Tagged , , , , , , , , , | 6 Comments

Turned out fine again

The UK Chancellor’s budget is rarely a cause for much celebration, while the obligatory leaks in the days beforehand suck every element of surprise out of his announcements, but one little gem might have passed you by on 22 November … Continue reading

Posted in AML, Supervision | Tagged , , , , , | 3 Comments

… And known close associates

I think we can all agree that 2013 has been something of an anno expectatio for the Vatican.  In May 2013 their FIU (the Autorità di Informazione Finanziaria, or AIF) published its first annual report – rather short on detail but long … Continue reading

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This may be the word of the Lord

The Autorità di Informazione Finanziaria (AIF – the Vatican City’s FIU) has today published its first annual report, covering 2012.  You can see it here – and if you’re not feeling particularly Mediterranean, simply scroll down halfway and it turns … Continue reading

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

Avuncular oversight

First, a point of grammar: the English language has one of the largest vocabularies in the world, and yet there is no female equivalent of the word “avuncular”.  People have suggested “aunticular”, but that’s a bit ugly, isn’t it?  So … Continue reading

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