Tag Archives: banking

Loophole in the wall

Posted on April 7, 2021 by Susan Grossey author

Cash is a problem during a pandemic. Cash-intensive businesses like nail bars cannot trade, and takeaway food outlets have turned into delivery hubs with payment in advance by card. Luckily, anyone desperate to offload their criminal cash has a new-ish … Continue reading →

Posted in Uncategorized | Tagged AML, ATM, banking, Bitcoin, cash, cryptocurrencies, FCA, Financial Conduct Authority, money laundering, money mule | 5 Comments

Fishy business

Posted on January 27, 2021 by Susan Grossey author

For years, the AML community has been trying to get their message heard at the highest levels of the regulated sector. Business schools have various terms for it, from “tone from the top” to “business culture” to “the rotting fish” … Continue reading →

Posted in Uncategorized | Tagged AML, banking, board of directors, CEO, embezzlement, FINMA, money laundering, regulator, senior management, Vatican Bank | Leave a comment

Save our SARs

Posted on October 28, 2020 by Susan Grossey author

I am a fan of the philosophy of SARs: I think it is correct that businesses handling client money should be obliged to report to the authorities if they suspect that that money is the proceeds of crime or connected … Continue reading →

Posted in Uncategorized | Tagged AML, banking, Hong Kong, investigation, legislation, money laundering, National Crime Agency, NCA, reporting, SARs, suspicious activity report, terrorist financing | 2 Comments

Free download of financial crime novel

Posted on March 29, 2020 by Susan Grossey author

Some of you may know that my obsession with financial crime spreads into my personal life, and that my hobby is writing historical financial crime novels. My first series is narrated by a magistrates’ constable in London in the 1820s, … Continue reading →

Posted in Fraud, Money laundering, Publications, Uncategorized | Tagged Amazon, banking, Fatal Forgery, fraud, money laundering | 6 Comments

Going to pot

Posted on June 27, 2018 by Susan Grossey author

There is much in the news at the moment about marijuana – legalisation, therapeutic benefits, different strains (Tom Cruise Purple, or Sour Diesel, anyone?). I have never come within puff of any drug, as I grew up in Singapore where … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, banking, California, marijuana, money laundering, Tax, tax avoidance | 3 Comments

Biting the hand that steals?

Posted on July 8, 2016 by Susan Grossey author

Please note that as I fade slightly from view for my summer writing retreat (the fourth Sam Plank novel is nearing completion), for the next month I will blog once a week only, instead of the usual twice. Back to … Continue reading →

Posted in AML, Money laundering | Tagged AML, banking, bribery, corruption, EFCC, financial crime, money laundering, National Crime Agency, Nigeria, proceeds of crime | 2 Comments

Sweaty palms in Latvia

Posted on July 5, 2016 by Susan Grossey author

Thanks to the Panama Papers, a great deal of focus recently has been on the International Consortium of Investigative Journalists. However, working in a similar field we have the Organized Crime and Corruption Reporting Project which, according to their website, … Continue reading →

Posted in AML, Money laundering | Tagged AML, banking, disclosure, due diligence, financial crime, Latvia, legislation, money laundering, proceeds of crime, suspicion, white collar crime | Leave a comment

Boom-diddy-boom

Posted on March 13, 2015 by Susan Grossey author

Just a quickie today, as I wasn’t planning to post anything, but a story on the radio this morning made me prick up my little AML ears. Apparently the Halifax bank here in the UK is trying out some new … Continue reading →

Posted in AML, Due diligence | Tagged AML, banking, CDD, due diligence, fraud, Halifax, money laundering, suspicion | 4 Comments

Reckless, feckless and maybe jobless

Posted on July 12, 2013 by Susan Grossey author

Can you hear that scurrying sound emanating from Cambridge? That’s me still trying to catch up with everything I’ve missed while on holiday, and I am painfully aware that (a) it’s old news to you, and (b) I’m tackling it … Continue reading →

Posted in AML, Money laundering | Tagged AML, banking, corruption, disclosure, due diligence, financial crime, money laundering, proceeds of crime, white collar crime | Leave a comment

What remains is bestial

Posted on August 8, 2012 by Susan Grossey author

Born in 1966, I was taught as a toddler to recite my name and address and instructed most strictly that, should I ever be lost, I was to repeat this vital information to a policeman or in a bank. Yes: … Continue reading →