Tag Archives: Financial Action Task Force

Big worries about small accounts

Posted on November 15, 2017 by

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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Curiosity might save the cat

Posted on January 23, 2017 by

One of the management buzz-phrases that seems to be staying the course is “tone from the top”.  In the world of AML, the tone from the top has in fact originated at the bottom: first we had MLROs beating the … Continue reading →

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Who’s on the FATF’s naughty step?

Posted on July 1, 2016 by

So the FATF’s latest take on their list of naughty countries – or, more properly, those jurisdictions with strategic AML/CFT deficiencies – is out.  Their latest plenary meeting, this time in Busan in Korea, ended on 24 June 2016, and … Continue reading →

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Credit where credit is due

Posted on March 14, 2016 by

I’m about to get onto my soap-box again, so you have been warned.  Last week I mentioned the recently-published INCSR 2016, with its summaries of jurisdictions of primary money laundering concern.  In a comment on that, a Guernsey reader has … Continue reading →

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Joining the club

Posted on February 29, 2016 by

There is always plenty to consider after an FATF plenary meeting, and the most recent one is no exception.  At their end of their meeting in Paris on 19 February, the FATF announced two additions to their membership: Malaysia has … Continue reading →

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Plump and rumpled

Posted on February 1, 2016 by

I don’t know how many people rub their hands with glee when the FATF publishes a new report, but I’m one of them.  I find their “typologies” reports, as they used to be called – basically, money laundering and how … Continue reading →

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Dear Launderer?

Posted on January 12, 2016 by

Last week saw the 33rd birthday of Kim Jung-un, Dear Leader of North Korea.  (I’m not sure whether anyone else in North Korea was allowed to celebrate a birthday on 8 January; I mention it only because in December 2014 … Continue reading →

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Confession is good for the soul

Posted on November 12, 2015 by

The lovely film “Out of Africa” contains one of my favourite cinematic lines of all time.  No, it’s not a declaration of love from mahogany Rob to multi-accented Meryl, but rather the response from her dastardly soon-to-be-ex-husband, the splendidly-named Baron … Continue reading →

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A superabundance of supervisors

Posted on October 23, 2015 by

With all eyes on the Fourth Money Laundering Directive, I will confess that I had lost track of the UK’s AML/CFT National Risk Assessment – and then it appeared last week.  There’s plenty of meat in it and it’s perfectly … Continue reading →

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High risk movers and shakers

Posted on July 6, 2015 by

The regular updating by the Financial Action Task Force of their list of dodgy places (or, more tactfully, high-risk and non-cooperative jurisdictions) is now part of every MLRO’s diary.  Although I am the first to admit that inclusion on – … Continue reading →

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