Tag Archives: financial crime

Laying the (shaky) foundations

No-one who has heard me speak or read my blog will be surprised to hear that I am a devout Remainer.  As someone whose parents had vivid memories of (and occasional nightmares about) the Second World War and its aftermath, … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , | 4 Comments

What’s in a name?

Name changes are a tricky thing.  Remember when Royal Mail decided to call itself Consignia?  That lasted for about a year until it was quietly shelved.  (Mind you, Brad’s Drink was renamed Pepsi-Cola in 1898, and that seems to have … Continue reading

Posted in Due diligence, Legislation, Money laundering | Tagged , , , , , , , , , | 4 Comments

Maman’s the word

I know that AML and CFT go together.  I’m not convinced that they belong together, but I am swimming against the tide, which seems to favour putting all financial crime into the same category.  And so I am careful to … Continue reading

Posted in Due diligence, Terrorist financing | Tagged , , , , | 8 Comments

Riches beyond imagination

If you were asked to prove where all of your assets have come from, could you do it?  For myself, I have the mortgage documents for the house, and the original receipt for my car (bought for £4,950 cash in … Continue reading

Posted in AML, Bribery and corruption, Legislation | Tagged , , , , , , , , , , , | 3 Comments

Plea for proof

Over two decades of AML training, I have heard many questions over and over again.  I don’t mind this at all, and I like to think that I have refined my answers so that they are more succinct and helpful.  … Continue reading

Posted in AML, Due diligence, Regulation | Tagged , , , , | 4 Comments

Gamekeeper turned poacher

Last week my husband and I were on one of those long car journeys when you discuss all sorts of crazy things just to keep the boredom at bay.  We were talking about careers and whether we would choose the … Continue reading

Posted in AML, Money laundering | Tagged , , , , , , | 4 Comments

Miffed at MiFID II

Fifty-two.  That’s how many triple packs of Jaffa Cakes I could have bought with the £138 I have just had to shell out to buy an LEI for my company.  That’s a Legal Entity Identifier: a 20-digit identifying number required … Continue reading

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Regime change for the better

The UK Financial Conduct Authority’s Senior Managers and Certification Regime is now two years old.  Under the regime (which currently applies to UK banks, building societies, credit unions, branches of foreign banks operating in the UK and the largest investment … Continue reading

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Outside the tent

Regulation has been on my mind lately – and doubly so since the decision last Friday by Transport for London not to renew the private hire licence for “ride-hailing app firm” Uber.  Not that I’m affected personally – I’ve never … Continue reading

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A call to arms

I’ve been in two minds whether or not to do this blog post, as I don’t want to upset anyone, and I can’t think of a particularly clever way to disguise who I am talking about.  Let’s just say that … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , , , , | 1 Comment