Category Archives: Supervision

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

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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

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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

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… 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

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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

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A Hail Mary pass

(The opportunities for puns in this post are almost endless, so I will try to contain myself.)  On 4 July 2012, MONEYVAL published its first evaluation of the AML/CFT regime of the Holy See.  (I’ve always called it the Vatican, … Continue reading

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We’re all in this together – aren’t we…?

A few days ago I gave a presentation to the Jersey Compliance Officers’ Association (thank you for inviting me) and as I looked around the room, I was delighted to see so many young faces.  I’m not suggesting there’s been … Continue reading

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Straight from the horse’s wallet

The Cheltenham Gold Cup steeplechase takes place at 3.20pm today, and it seemed an auspicious day on which to raise a long-standing question of mine: why are bookies not covered by the Money Laundering Regulations?  I know that if you … Continue reading

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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

Posted in Legislation, Money laundering, Regulation, Supervision | Tagged , , , , , , | 3 Comments