Tag Archives: FCA

The sands of time

Posted on April 16, 2018 by Susan Grossey author

I know everyone laughs about jargon – business bingo, anyone? – but I think we’re all guilty of it to some extent.  I know I expect everyone to understand me when I talk about AML, MLROs and the regulated sector, … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , , , | 8 Comments

Turned out fine again

Posted on November 29, 2017 by Susan Grossey author

The UK Chancellor’s budget is rarely a cause for much celebration, while the obligatory leaks in the days beforehand suck every element of surprise out of his announcements, but one little gem might have passed you by on 22 November … Continue reading →

Posted in AML, Supervision | Tagged , , , , , | 3 Comments

I’ll tell you what I want, what I really, really want

Posted on September 6, 2017 by Susan Grossey author

Regular readers will know that when it comes to consultations, I am Pavlov’s respondent: tell me you want my opinion and I’m slavering to give it.  Indeed, so regular is my participation that I have a whole email folder entitled … Continue reading →

Posted in AML, Money laundering, Publications, Uncategorized | Tagged , , , , , , , , , | 3 Comments

A state of grace

Posted on May 19, 2017 by Susan Grossey author

Someone asked me recently about grace.  Not the spiritual kind, or indeed the physical – if there is a loose paving stone within a hundred yards, I will trip over it.  No, what they were concerned about is the period … Continue reading →

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

PEP promises

Posted on March 29, 2017 by Susan Grossey author

My short AML survey is still live (until 31 March 2017) so please do have a go if you haven’t yet: https://www.surveymonkey.co.uk/r/VM62T6K A few days ago I mentioned that I have responded to a consultation on draft new money laundering regulations … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , | 6 Comments

The slippery slope of blame

Posted on June 3, 2016 by Susan Grossey author

Last weekend we were at a local garden centre – they do lovely cakes – and outside the café they had set up a mock garden.  In it was a children’s slide, with a sign propped up on its steps: … Continue reading →

Posted in AML, Money laundering, Publications | Tagged , , , , , , , | 3 Comments

Susan versus the Machine

Posted on February 26, 2016 by Susan Grossey author

Last week, while on holiday in Suffolk, I visited Southwold Pier.  One of the attractions there is a room of novelty machines – a mechanical dog that you can walk, an armchair for taking a three-minute holiday, a “bash the … Continue reading →

Posted in Money laundering | Tagged , , , , , | 3 Comments

Has AML been ousted?

Posted on December 4, 2015 by Susan Grossey author

Last week, Barclays in the UK was fined £72,069,400 by the Financial Conduct Authority for “failing to minimise the risk that it may be used to facilitate financial crime” while processing a £1.88 billion “elephant deal” (i.e. stonking great deal) … Continue reading →

Posted in AML, Money laundering | Tagged , , , , , | 3 Comments

Dire warnings

Posted on November 26, 2015 by Susan Grossey author

They say that if you can’t be a good example, then aim to be a dire warning instead.  And this is always the spirit in which I have read reports of “findings” – the more palatable term for regulatory punishments.  … Continue reading →

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A regime of responsibilities

Posted on July 17, 2015 by Susan Grossey author

On 7 July, the Financial Conduct Authority issued its final rules on the Senior Managers Regime (I long to put an apostrophe in there, but the regulator has decreed it apostrophe-free, and I’m nothing if not obedient to regulatory decree) … Continue reading →

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