Tag Archives: EDD

The Emirate strikes back

Posted on August 18, 2021 by Susan Grossey author

MLROs are used to reacting to lists and warnings issued by governments and by agencies such as the FATF.  But when things change rapidly in a jurisdiction, it may be unwise to wait for an official notification, and more sensible … Continue reading →

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Grey clouds are gathering

Posted on June 23, 2021 by Susan Grossey author

I want to talk about the FATF.  First, I think it’s called the “eff-ay-tee-eff” – not “fat-fee” or (occasionally) “faft”.  And second, I’m interested in the significance of their grey list (officially, their list of jurisdictions under increased monitoring).  Not … Continue reading →

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Chewing the FATF

Posted on March 3, 2021 by Susan Grossey author

Last week the FATF met for its regular plenary meeting and – as it does three times a year – updated its list of what I call “dodgy countries”, which are more correctly known as “jurisdictions under increased monitoring”.  In … Continue reading →

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Anna Karenina and the assault rifle

Posted on November 16, 2016 by Susan Grossey author

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 →

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Exalted due diligence

Posted on August 20, 2012 by Susan Grossey author

Looking at my trusty OED (and yes, I still use a paper one), “to enhance” is “to increase the quality, value or extent of”.  Possible synonyms (I assume the FATF looked at these at some point) include to amplify, to … Continue reading →

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