Category Archives: Supervision

Levy-hearted

Posted on March 25, 2020 by Susan Grossey author

I have my fingers in my ears and am chanting “la la la” to myself, as I refuse to listen to any more corona-chatter. For today’s blog I am going to pretend that nothing untoward is happening and have a … Continue reading →

Posted in AML, Legislation, Money laundering, Supervision | Tagged AML, budget, economic crime, Economic Crime Levy, financial crime, HM Treasury, legislation, money laundering, Money Laundering Regulations | 2 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

Facecrook?

Posted on July 10, 2019 by Susan Grossey author

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 AML, cryptocurrencies, due diligence, Facebook, FATF, Financial Action Task Force, financial crime, government, legislation, Libra, money laundering, proceeds of crime, research | 5 Comments

Something good written by Committee

Posted on April 24, 2019 by Susan Grossey author

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 AML, communication, financial crime, government, money laundering, PEP, research | 1 Comment

Too much of a bad thing

Posted on April 3, 2019 by Susan Grossey author

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 AML, due diligence, FCA, Financial Action Task Force, financial crime, Gambling Commission, government, HMRC, legislation, money laundering, OPBAS, RUSI, supervision | 9 Comments

The plain un-SAR-nished truth

Posted on March 6, 2019 by Susan Grossey author

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 AML, disclosure, due diligence, FATF, Financial Conduct Authority, financial crime, FIU, government, National Crime Agency, National Risk Assessment, NCA, SARs, Solicitors Regulation Authority | 8 Comments

The concept of anonymous publication

Posted on December 12, 2018 by Susan Grossey author

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 AML, communication, disclosure, due diligence, FCA, Financial Conduct Authority, Gambling Commission, government, Guernsey Financial Services Commission, HMRC, ML Regulations, money laundering, publications | 4 Comments

Cleaning house for estate agents

Posted on January 26, 2018 by Susan Grossey author

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 AML, due diligence, estate agent, financial crime, HMRC, legislation, ML Regulations, money laundering, National Association of Estate Agents, supervision | 6 Comments

Turned out fine again

Posted on November 29, 2017 by Susan Grossey author

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 budget, FCA, Financial Conduct Authority, FSA, HM Treasury, LIBOR | 3 Comments

… And known close associates

Posted on November 29, 2013 by Susan Grossey author

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 →