Tag Archives: due diligence

Stubborn as a…

For those who roll their eyes when I explain my job, and say that it’s all a load of government-sanctioned nonsense to appease the do-gooders (yes, I’ve heard all of that), Santander has done some handy research.  Big Red (other … Continue reading

Posted in AML, Money laundering, Organised crime | Tagged , , , , , , , , , , | 2 Comments

A rap on the online knuckles

AML regulation of the gambling sector in the UK is complicated; even I (writing as an AML obsessive) am sometimes confused about who is in and who is out.  However, one sector that is most definitely in is online gambling, … Continue reading

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , , | 4 Comments

Christmas concord and concensus

Experienced MLROs and other professional AML-ers will be familiar with the pattern of EU AML Directives: in essence, you get a new one every decade.  But thanks to the attacks in Paris in November 2015, and the subsequent realisation that … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , , | 2 Comments

Do unto others

The Guernsey Financial Services Commission has been rather busy recently, what with working away on revised AML/CFT legislation and guidance, and now putting out a pair of publications to explain why and how they regulate the Bailiwick’s financial services sector.  In … Continue reading

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

Salvator emptor

The recent record-breaking sale of “Salvator Mundi” highlighted two things – one a surprise, and the other not.  The surprise was that this is the most expensive painting by Leonardo DiCaprio that has ever been sold.  I kid you not: … Continue reading

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Paradise polluted

Last week I went to a new gathering of people (oh, go on, you forced it out of me: I’ve joined the Women’s Institute) and when they asked what I do and I gave the potted description, several of them … Continue reading

Posted in AML, Legislation, Tax | Tagged , , , , , , , , | 9 Comments

Big worries about small accounts

The news has been full in recent days of the financial activities of the “super-rich” and fiscally sophisticated.  (That’s my phrase, that last bit, but I can imagine it catching on.  Who knows: we might even start talking about the … Continue reading

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Laying the (shaky) foundations

No-one who has heard me speak or read my blog will be surprised to hear that I am a devout Remainer.  As someone whose parents had vivid memories of (and occasional nightmares about) the Second World War and its aftermath, … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , | 4 Comments

What’s in a name?

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 , , , , , , , , , | 4 Comments

Maman’s the word

I know that AML and CFT go together.  I’m not convinced that they belong together, but I am swimming against the tide, which seems to favour putting all financial crime into the same category.  And so I am careful to … Continue reading

Posted in Due diligence, Terrorist financing | Tagged , , , , | 8 Comments