Tag Archives: EDD

Grey clouds are gathering

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

Posted in Uncategorized | Tagged , , , , , , , , , , , , | 5 Comments

Chewing the FATF

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

Posted in Uncategorized | Tagged , , , , , , , , | 4 Comments

Anna Karenina and the assault rifle

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

Posted in AML, Bribery and corruption | Tagged , , , , , , , | 4 Comments

Exalted due diligence

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

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