Tag Archives: corruption

PEP promises

My short AML survey is still live (until 31 March 2017) so please do have a go if you haven’t yet: https://www.surveymonkey.co.uk/r/VM62T6K A few days ago I mentioned that I have responded to a consultation on draft new money laundering regulations … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , | 6 Comments

Don’t do as I do

It will not surprise you to learn that I am no fan of Donald Trump; I think he is ill-informed, unprepared, tactless, uncontrolled and just plain nasty – and that’s on a good day.  But there’s not much I can … Continue reading

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

Still selling their souls

In my spare time I think about financial crime, because I am the author of a series of historical financial crime novels set in London in the 1820s.  When I tried to interest publishers in the first in the series, … Continue reading

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

Going off the rails

Welcome back, and may I wish you all a happy and peaceful 2017. India has certainly been in the money laundering news lately, what with its “demonetisation” of the most common banknotes on 8 November 2016 and the subsequent arguments … Continue reading

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

Cash tales from the Raj

I am often asked whether what we are doing in the world of AML – namely due diligence, record-keeping, staff training and reporting of suspicions – is actually having a positive impact.  I’ve mulled on this before, and no doubt … Continue reading

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

Anna Karenina and the assault rifle

PEPs = high risk = EDD.  But why?  The short answer is corruption: anyone with access to public influence and/or public money will be a target for criminals who want to gain that access for themselves.  Of course, the majority … Continue reading

Posted in AML, Bribery and corruption | Tagged , , , , , , , | 4 Comments

Silver screen laundering

I have yet to see it myself – hampered by as I am by a full diary and a dislike of movie violence – but I am enjoying reading all about the new movie “The Infiltrator”, based on the memoirs … Continue reading

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

Box-tickers, and worse

I don’t often do this, as it feels a bit lazy (and I certainly don’t want to incur the wrath of Liam Fox), but a blog reader in the Isle of Man forwarded this other blog post to me (thanks, … Continue reading

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

No more honours, Your Honour

Financial crime is not only bad for your sense of honour – it is bad for your honours.  American financier Allen Stanford, you will recall, was sentenced to 110 years in prison for running a Ponzi scheme so massive and … Continue reading

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

Biting the hand that steals?

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 , , , , , , , , , | 2 Comments