Tag Archives: beneficial ownership

No, no, no to UWO, UWO, UWO

Posted on April 29, 2020 by

Most of us in the world of AML have welcomed the advent of the Unexplained Wealth Order – the court order introduced by the Criminal Finances Act 2017, which can be served to compel either a PEP or someone involved … Continue reading →

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

The law(yer) is an ass

Posted on August 7, 2019 by

AML efforts tend to move in one direction: more, greater, stronger, bigger – whatever the right adjective may be.  Occasionally we see an unwinding (as when many jurisdictions removed general insurance business from the AML family) but for the most … Continue reading →

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

Launderer seeks splendour without diminishment

Posted on May 15, 2019 by

It cannot have escaped your notice that Canada is in a lather about its real estate sector being used for money laundering.  Stories are appearing seemingly every day about some new scheme or other that has been uncovered, thanks in … Continue reading →

Posted in AML, Money laundering, Organised crime, Uncategorized | Tagged , , , , , , , , , , , | 1 Comment

Cleaning house

Posted on February 27, 2019 by

Last week I attended an event at the elegant Whitehall premises of RUSI at which they launched “No Rest for the Wicked”, their report into what the UK’s next steps should be, now that we have (to quote the modest … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , , , , , | 4 Comments

Voting for AML

Posted on February 5, 2018 by

I’m not a great fan of many of our current politicians – I’m sure you know why.  But I do like Angela Merkel, and in particular Tracy Ullman’s version of Angela Merkel.  And I have recently come to admire Elizabeth … Continue reading →

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

House of horrors?

Posted on December 4, 2017 by

With the acres of newsprint devoted in recent months to the topic of registration of beneficial ownership, it is interesting to consider the role of the registrars.  Companies – and other structures – are required to submit returns, and to … Continue reading →

Posted in AML, Due diligence, Legislation | Tagged , , , | 1 Comment

Salvator emptor

Posted on November 24, 2017 by

The recent record-breaking sale of “Salvator Mundi” highlighted two things – one a surprise, and the other not.  The surprise was that this is the most expensive painting by Leonardo DiCaprio that has ever been sold.  I kid you not: … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , | 2 Comments

Cramped corporate quarters

Posted on June 26, 2015 by

Like many of you, I am sure, my interest was piqued last week by the story that broke on the Beeb (or at least that’s where I first heard it) about shell companies in Scotland allegedly being used to launder … Continue reading →

Posted in AML, Money laundering | Tagged , , , , , , , | 10 Comments

How do you talk to someone about their BO?

Posted on September 6, 2013 by

No, not that particular problem: thanks to the proliferation of manly deodorants called things like Overlord or Hunkmeister, plus aircon, the problem of the whiffy colleague has generally gone.  I’m talking about that other unmentionable: beneficial ownership.  With the revision … Continue reading →

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