Tag Archives: Brexit

Piggy’s Progress

Posted on January 13, 2021 by Susan Grossey author

At the end of each year I do a stock-take of my piggy sales – by which I mean, I add up how many copies of I have sold of my two suites of AML books for non-exec directors (i.e. … Continue reading →

Posted in Uncategorized | Tagged AML, Brexit, directors, estate agent, Gibraltar, Guernsey, Isle of Man, Jersey, non-executive directors, publications, writing | 2 Comments

Let’s risk it for a Brexit

Posted on December 30, 2020 by Susan Grossey author

Better late than never, I suppose – the UK’s third National Risk Assessment, due in October 2019, was finally published on 17 December 2020. When discussing risk assessment with MLROs, I describe it as a focussing exercise: you start big, … Continue reading →

Posted in Uncategorized | Tagged AML, Brexit, business risk assessment, CDD, FATF, Fourth Money Laundering Directive, legislation, MLRO, money laundering, National Risk Assessment, Recommendations, risk-based approach, sanctions | 4 Comments

Desperately seeking Regulations

Posted on November 25, 2020 by Susan Grossey author

* Alert! This is a long, ranty post – you may need a Jaffa Cake or two to stay the course…* I’m quite bright. Not “University Challenge” winning team bright, but I have a couple of degrees, I can sometimes … Continue reading →

Posted in Uncategorized | Tagged AML, Brexit, equivalence, European Union, Fifth Money Laundering Directive, legislation, money laundering, Money Laundering Regulations, RUSI, Sixth Money Laundering Directive, third country, white collar crime | 9 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

The Brexit bonanza for baddies

Posted on February 13, 2019 by Susan Grossey author

You have probably guessed from recent tear-stained posts that I am not a fan of Brexit. Having lived an international life surrounded – very happily – by people from all over the world, I rear up at the thought of … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, Brexit, communication, due diligence, financial crime, government, legislation, ML Regulations, money laundering, National Crime Agency, NCA, organised crime, proceeds of crime | 7 Comments

Cloud cuckoo Brexit

Posted on August 27, 2018 by Susan Grossey author

Don’t worry: I’m not going to tell you again how I feel about Brexit. This update is purely about the AML implications for those of us left behind in the cast-adrift, backwards-looking, isolationist UK. As you know, the European Fifth … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, Brexit, communication, European Union, Fifth Money Laundering Directive, financial crime, government, ML Regulations, MLRO, money laundering | Leave a comment

A return to the bad old days

Posted on March 5, 2018 by Susan Grossey author

You all know how I feel about Brexit, so we shall draw a discreet veil over the months of wailing and gnashing of teeth and rending of garments that have befallen Grossey Mansions. However, as I had feared, we are … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, asset forfeiture, Brexit, due diligence, equivalence, financial crime, government, legislation, money laundering, organised crime, proceeds of crime, white collar crime | 2 Comments

Brexit and AML

Posted on June 25, 2016 by Susan Grossey author

The UK has voted to leave the EU. I am devastated, of course, but that is a personal sadness. From a professional point of view, my concern is what will happen to the AML legislation that we in the UK … Continue reading →