Tag Archives: disclosure

What’s in a name?

Posted on October 27, 2017 by Susan Grossey author

Name changes are a tricky thing. Remember when Royal Mail decided to call itself Consignia? That lasted for about a year until it was quietly shelved. (Mind you, Brad’s Drink was renamed Pepsi-Cola in 1898, and that seems to have … Continue reading →

Posted in Due diligence, Legislation, Money laundering | Tagged AML, disclosure, due diligence, financial crime, legislation, MLRO, money laundering, National Crime Agency, NCA, suspicion | 4 Comments

Riches beyond imagination

Posted on October 18, 2017 by Susan Grossey author

If you were asked to prove where all of your assets have come from, could you do it? For myself, I have the mortgage documents for the house, and the original receipt for my car (bought for £4,950 cash in … Continue reading →

Posted in AML, Bribery and corruption, Legislation | Tagged AML, asset forfeiture, corruption, disclosure, due diligence, financial crime, legislation, money laundering, PEP, proceeds of crime, tax evasion, Unexplained Wealth Order | 6 Comments

Curiosity might save the cat

Posted on January 23, 2017 by Susan Grossey author

One of the management buzz-phrases that seems to be staying the course is “tone from the top”. In the world of AML, the tone from the top has in fact originated at the bottom: first we had MLROs beating the … Continue reading →

Posted in AML, Money laundering | Tagged AML, casino, communication, disclosure, due diligence, FATF, Financial Action Task Force, financial crime, Gambling Commission, legislation, money laundering, proceeds of crime | Leave a comment

Cash tales from the Raj

Posted on December 5, 2016 by Susan Grossey author

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 AML, cash, corruption, disclosure, financial crime, government, money laundering, proceeds of crime, tax evasion, white collar crime | 1 Comment

The forgotten victims

Posted on August 24, 2016 by Susan Grossey author

Sometimes, what with all the law and policies and procedures, it is easy to forget that every money laundering or white collar crime case is about people. Whether they are the perpetrators or the victims, the laundering or other crime … Continue reading →

Posted in General thoughts, Money laundering | Tagged communication, disclosure, financial crime, fraud, money laundering, proceeds of crime, tax evasion | Leave a comment

But would they report James Bond?

Posted on July 28, 2016 by Susan Grossey author

In recent months I have found myself working more and more frequently with the gambling sector – both e- and land-based casinos. Therefore I have been tracking the activities and pronouncements of the Gambling Commission more closely than before. And … Continue reading →

Posted in AML, Money laundering | Tagged AML, casino, communication, disclosure, due diligence, financial crime, gambling, Gambling Commission, money laundering, proceeds of crime, suspicion | Leave a comment

Sweaty palms in Latvia

Posted on July 5, 2016 by Susan Grossey author

Thanks to the Panama Papers, a great deal of focus recently has been on the International Consortium of Investigative Journalists. However, working in a similar field we have the Organized Crime and Corruption Reporting Project which, according to their website, … Continue reading →

Posted in AML, Money laundering | Tagged AML, banking, disclosure, due diligence, financial crime, Latvia, legislation, money laundering, proceeds of crime, suspicion, white collar crime | Leave a comment

Panama: a drop in the ocean

Posted on May 19, 2016 by Susan Grossey author

So the Panama Papers are Out There. Hands up who has gone into the database and searched on their own name…. Of course I did, with such an unusual name – not that I have ever done anything myself, you … Continue reading →

Posted in AML, Bribery and corruption, Due diligence, Money laundering | Tagged AML, disclosure, due diligence, financial crime, money laundering, non-executive directors, organised crime, Panama Papers, research, tax evasion | 5 Comments

An oversight oversight over there?

Posted on May 16, 2016 by Susan Grossey author

One of the joys of writing a blog is that it’s like having an informal team of researchers, or moles even, looking out for money laundering stories for me. I adore anti-money laundering as you know, but I’m just one … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, casino, disclosure, due diligence, financial crime, gambling, Ireland, legislation, money laundering, proceeds of crime, suspicion | 4 Comments

Order, order – Unexplained Wealth Order

Posted on May 5, 2016 by Susan Grossey author

There’s nothing new under the sun, they say, and Unexplained Wealth Orders certainly comply with that dictum. On 21 April 2016 the UK government announced its action plan (these days a simple plan is not enough: it must be galvanised … Continue reading →