Tag Archives: director

Stick, or big, fat, juicy carrot?

I’ve been thinking quite a bit recently about personal accountability for AML failings, and whether or not it is a good idea.  This has been prompted in part by the FCA’s extension of its Senior Managers and Certification Regime, and … Continue reading

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Dumb diligence

Personal responsibility is very much the name of the game at the moment, with the UK’s new Senior Managers Regime and PSR register both on their way.  The aim is to make individuals take responsibility for their decisions and actions, … Continue reading

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

HMRC fines HGV HVD for AML failings

In its first AML prosecution of a high value dealer, the UK’s HMRC has fined Bedfordshire company director Grenville Eames £16,000 for failing to abide by the Money Laundering Regulations 2007.  Eames’ company, JGE Commercials Limited, was also fined £16,000 and … Continue reading

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