Tag Archives: asset forfeiture

Riches beyond imagination

If you were asked to prove where all of your assets have come from, could you do it?  For myself, I have the mortgage documents for the house, and the original receipt for my car (bought for £4,950 cash in … Continue reading

Posted in AML, Bribery and corruption, Legislation | Tagged , , , , , , , , , , , | 2 Comments

Something new to get your AML teeth into

People sometimes ask me how I can bear to stick with one subject for so long.  The answer, of course, is that it’s not really the same subject for very long.  True, the aim of money laundering is fairly predictable … Continue reading

Posted in Money laundering, Organised crime, Training | Tagged , , , , , , | 2 Comments

Wishing you a speedy recovery

I have been working in Jersey this week, and at the start of the week it was announced that Jersey has undertaken to return to Kenya over £3 million of stolen assets, in an agreement signed by the Jersey Chief … Continue reading

Posted in AML, Bribery and corruption, Money laundering | Tagged , , , , , , , | Leave a comment

Going against the currency

A few posts ago I wrote about the Florida judge who did not consider bitcoin to be money in part because “it cannot be hidden under a mattress like cash and gold bars”.  Then I came across this BBC story … Continue reading

Posted in General thoughts, Money laundering | Tagged , , , | 1 Comment

A welcome mat for money launderers

For some months, a Home Affairs Select Committee of the UK parliament, under the chairmanship of Keith Vaz MP, has been taking evidence about the effectiveness of the UK’s proceeds of crime regime.  It has not been a happy story, … Continue reading

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

Bolting the stable door

When I was little I lived in Newmarket, and my mum was the secretary at a trainer’s yard, so I spent a lot of time in the yard “helping” the farrier and – my favourite bit – siting in the … Continue reading

Posted in Money laundering, Organised crime | Tagged , , , , , | Leave a comment

Order, order – Unexplained Wealth Order

There’s nothing new under the sun, they say, and Unexplained Wealth Orders certainly comply with that dictum.  On 21 April 2016 the UK government announced its action plan (these days a simple plan is not enough: it must be galvanised … Continue reading

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

Own goals

I have just watched a documentary on the investigation of corruption in FIFA (thanks, Jason, for recommending it) and I have to say that, even seasoned criminal-hater that I am, I was left speechless at the brazenness of the actions … Continue reading

Posted in Bribery and corruption, Money laundering | Tagged , , , , , , , , , | 2 Comments

Back to laundering basics

Just to give you a breather after that last post, which taxed your brain cells, this time I am looking at the other end of the spectrum.  I was watching “Look East” a few days ago, which is our local … Continue reading

Posted in Money laundering | Tagged , , , , , | 5 Comments

The realms of cash

Money laundering has changed almost beyond recognition since the days of “Scarface”, when Al Pacino’s drug kingpin Tony Montana washed his millions of dollars of drug proceeds by delivering mailbags of cash to his banker friend Jerry.  Indeed, those of … Continue reading

Posted in Money laundering | Tagged , , , , , , | Leave a comment