Tag Archives: compliance

A mammoth task for the MLRO

Posted on September 22, 2021 by Susan Grossey author

A little while ago I was giving a training session and used an analogy that the people attending found useful and amusing. And, being both vain and generous, I thought I would share it in case it helps with your … Continue reading →

Posted in Uncategorized | Tagged CDD, client due diligence, compliance, customer due diligence, MLRO, training | 2 Comments

Give me a break

Posted on July 28, 2021 by Susan Grossey author

I struggle to think of many good things to come out of the pandemic apart from a fabulous recipe for squishy chocolate chip cookies that I unearthed in desperation after the closure of my usual source. However, it has afforded … Continue reading →

Posted in Uncategorized | Tagged AML, compliance, due diligence, financial crime, MLRO, money laundering | Leave a comment

It’s just how we’re made

Posted on December 9, 2020 by Susan Grossey author

In a normal AML training session I do not have time to deal with the more philosophical aspects of the subject, but when I run extended workshops – as I have been recently – there is scope for delving into … Continue reading →

Posted in Uncategorized | Tagged AML, CDD, compliance, KYC, MLRO, money laundering, Money Laundering Reporting Officer, procedures, record-keeping, training | 2 Comments

The devil in the detail

Posted on October 8, 2018 by Susan Grossey author

I had an interesting phone call with a compliance officer the other day – she will recognise herself in this description. We were talking about a possible suspicion, and I was impressed by both her attention to detail and her … Continue reading →

Posted in AML, Money laundering | Tagged AML, compliance, due diligence, financial crime, money laundering, proceeds of crime, source of funds, source of wealth, suspicion | 1 Comment

So that’s who you are!

Posted on April 7, 2017 by Susan Grossey author

Well, that was quite an adventure! My first ever SurveyMonkey survey – and how generous you all were with your time. I ran my little survey for only two weeks, and in that time 215 – 215! – of you … Continue reading →

Posted in AML, Money laundering | Tagged AML, communication, compliance, money laundering, research, survey | 5 Comments

Nobody loves me, everybody hates me

Posted on January 18, 2017 by Susan Grossey author

In common with many global banks, Deutsche Bank has come under the AML regulatory spotlight of late. And then, on 4 January 2017, it was announced that Deutsche’s Global Head of Anti-Financial Crime, an Englishman called Peter Hazlewood, was quitting … Continue reading →

Posted in AML, Money laundering, Uncategorized | Tagged AML, compliance, Deutsche Bank, money laundering | 4 Comments

The Caped Crusader for Compliance

Posted on January 22, 2015 by Susan Grossey author

With most high-risk jobs, you know what you’re signing up for. If you’re keen on seat-of-the-pants stuff, you become a firefighter, or Nigel Farage’s PR manager (which amounts to much the same thing). And if you’re fonder of the quiet … Continue reading →

Posted in Bribery and corruption, Due diligence | Tagged AML, communication, compliance, corruption, due diligence, Financial Conduct Authority, financial crime, legislation, training, white collar crime | 7 Comments

Due diligence dark glasses

Posted on November 28, 2014 by Susan Grossey author

I love words, as you know. But – like Jaffa Cakes on the shelves and “Today” on Radio 4 in the morning – we sometimes take them for granted. (Although with the recent sale of United Biscuits to a Turkish … Continue reading →

Posted in Uncategorized | Tagged AML, compliance, directors, due diligence, fraud, Jersey, money laundering, proceeds of crime, suspicion | Leave a comment

Rebranding

Posted on November 20, 2014 by Susan Grossey author

Last week I wrote a post about the best proportion of staff to have working in compliance. My husband – who for reasons of marital harmony is a dedicated and generally complimentary reader of this blog – is an engineer … Continue reading →

Posted in AML, Due diligence | Tagged AML, compliance, due diligence, financial crime, legislation, money laundering | 5 Comments

All in the mind

Posted on May 29, 2014 by Susan Grossey author

I’ve been thinking quite a bit about tax recently (here, for instance) and so an article in the current issue of the Economist caught my eye. Subtitled “Lessons from behavioural economics can boost tax compliance”, it reports that research by economists from … Continue reading →