Tag Archives: director

Nose in, fingers out

Posted on July 1, 2020 by Susan Grossey author

Recently a client asked me how to deal with difficult directors.  How to train them, you mean? I asked – how to encourage them to attend AML training and take note of our pearls of wisdom?  No, she said: I … Continue reading →

Posted in AML, General thoughts | Tagged , , , , , | 2 Comments

Stick, or big, fat, juicy carrot?

Posted on April 11, 2018 by Susan Grossey author

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 →

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

Dumb diligence

Posted on September 25, 2015 by Susan Grossey author

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

Posted on November 19, 2013 by Susan Grossey author

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