Welcome
Howdy, and welcome to my blog. If you'd like to get instant updates whenever I've been inspired or irritated enough to write something, please do subscribe.The day job
When I'm not writing this blog, I'm doing AML training, writing, research and advice. Obsessed? Hell, yeah! To find out more, have a look at my website.-
“The Solo Squid: How to Run a Happy One-Person Business”
“Heir Apparent” – the sixth Sam Plank novel
FREE Official Guide to the Sam Plank Mysteries – sample chapters and glossary
New e-boxset of first three Sam Plank e-books! Click image to buy…
“Faith, Hope and Trickery” – the fifth Sam Plank novel
New piggy in the sty! This one is for UK estate agents
-
Recent posts
Collection of columns: “Susan in the City: The Cambridge News Years”
“Portraits of Pretence” – the fourth Sam Plank novel
Sam speaks! New audiobook of “Fatal Forgery”
“Worm in the Blossom” – the third Sam Plank novel
AML for NEDs in five editions: Guernsey, Isle of Man, International, Jersey and UK
AML books for UK staff
AML books for Guernsey staff
AML books for Jersey staff
AML books for Gibraltar staff
“The Man in the Canary Waistcoat” – the second Sam Plank novel
“Fatal Forgery” – the first Sam Plank novel
Edward’s adventures now out in 6-part e-format
Another good read
Posting dates
May 2023 M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Categories
Tags
- AML
- asset forfeiture
- banking
- beneficial ownership
- Bitcoin
- bribery
- Bribery Act 2010
- cash
- casino
- CDD
- communication
- compliance
- conferences
- corruption
- disclosure
- due diligence
- equivalence
- estate agent
- FATF
- FCA
- Financial Action Task Force
- Financial Conduct Authority
- financial crime
- FIU
- fraud
- FSA
- Gambling Commission
- government
- Guernsey
- Guernsey Financial Services Commission
- guidance
- High Value Dealer
- HMRC
- HM Treasury
- Isle of Man
- Jersey
- legislation
- mafia
- MLD4
- ML Regulations
- MLRO
- money laundering
- Money Laundering Bulletin
- Money Laundering Regulations
- Money Laundering Reporting Officer
- National Crime Agency
- National Risk Assessment
- NCA
- non-executive directors
- organised crime
- PEP
- Politically Exposed Person
- proceeds of crime
- Proceeds of Crime Act
- publications
- regulation
- regulator
- research
- risk
- risk-based approach
- SARs
- Serious Organised Crime Agency
- slavery
- SOCA
- source of funds
- source of wealth
- Susan Grossey
- suspicion
- tax evasion
- terrorist financing
- Thinking about Crime Limited
- training
- Transparency International
- white collar crime
- writing
Blogroll
Tag Archives: Financial Action Task Force
The Emirate strikes back
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
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
Lifelong learning
At the start of my working life, I did a self-assessment questionnaire which indicated that my strengths lay in keeping myself to myself (a team worker I ain’t) and in learning more and more about less and less – in … Continue reading
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
Making AML count
One of the most common requests I hear when designing AML training for clients is for case studies (which I have blogged about recently) and for “lessons learned”. Alongside this, we have regulators regularly reminding us that their final notices … Continue reading
Posted in AML, Money laundering, Publications
Tagged AML, communication, FATF, Financial Action Task Force, financial crime, government, legislation, organised crime, proceeds of crime, publications, research, RUSI
5 Comments
The law(yer) is an ass
AML efforts tend to move in one direction: more, greater, stronger, bigger – whatever the right adjective may be. Occasionally we see an unwinding (as when many jurisdictions removed general insurance business from the AML family) but for the most … Continue reading
FATF 1, EU 0
The Fourth Money Laundering Directive brought us many delights, including Article 9: “Third-country jurisdictions which have strategic deficiencies in their national AML/CFT regimes that pose significant threats to the financial system of the Union (‘high-risk third countries’) shall be identified … Continue reading
Facecrook?
Here’s what I have read about Facebook Libra: According to the Financial Times, it is “a new global digital currency backed by assets and supported by more than two dozen companies ranging from Visa and Mastercard to Lyft and Spotify”. … Continue reading
Too much of a bad thing
Please may I distract you from the festering plague sore that is Brexit by drawing your attention instead to something we Brits do rather well, which is AML supervision. In fact we’re so good at this that we have dozens … Continue reading
Posted in AML, Money laundering, Supervision
Tagged AML, due diligence, FCA, Financial Action Task Force, financial crime, Gambling Commission, government, HMRC, legislation, money laundering, OPBAS, RUSI, supervision
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