Tag Archives: government

Calling a spade an earth spoon

Posted on May 5, 2021 by Susan Grossey author

If you’re a fan of the current UK government – and particularly the Eton mess whose name shall not be spoken – I suggest you stop reading now. For my part, I consider them a corrupt regime equal to that … Continue reading →

Posted in Uncategorized | Tagged AML, corruption, Good Law Project, government, kleptocracy, money laundering, tax evasion, Transparency International | 2 Comments

Another fine mess

Posted on October 14, 2020 by Susan Grossey author

If I were sitting in a mountain-top lair, twirling my moustaches and cackling evilly, I don’t think I could devise an environment more conducive to financial crime than the UK in late 2020. Put to one side the spinelessness of … Continue reading →

Posted in Uncategorized | Tagged AML, financial crime, freeport, government, legislation, money laundering, Money Laundering Regulations, tax evasion, white collar crime | 13 Comments

Latest leak lessons

Posted on September 23, 2020 by Susan Grossey author

This is a tricky time to write a blog post, as everywhere is swirling with stories from the “FinCEN Files”. I have explored the leaks on the ICIJ website, read the reputable (and disreputable) press sources and watched the “Panorama” … Continue reading →

Posted in AML, Money laundering, White collar crime | Tagged AML, communication, corruption, due diligence, Economist, financial crime, government, legislation, MLRO, money laundering, organised crime, Panorama, PEP, proceeds of crime, research, SARs, suspicion, suspicious activity report, white collar crime | 4 Comments

Sixth sense

Posted on September 16, 2020 by Susan Grossey author

Right, here’s a little quiz for you: as of today, it’s 78 days until what? Points deducted if you simply say, “Thursday 3 December” – although points added if you know that that’s my mother-in-law’s birthday [note to self: remind … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, Fifth Money Laundering Directive, financial crime, government, legislation, MLD5, MLD6, money laundering, organised crime, proceeds of crime, Sixth Money Laundering Directive, tax evasion | 6 Comments

Osh Ghosh begone

Posted on September 2, 2020 by Susan Grossey author

I have had no legal training, but on the plus side I have a high boredom threshold and I love reading – both of which are, I believe, essential for lawyers. This means that I can generally work my way … Continue reading →

Posted in Legislation, White collar crime | Tagged dishonesty, due diligence, financial crime, Ghosh, government, honesty, legislation, organised crime, proceeds of crime, training, white collar crime | 5 Comments

Is that why it’s called a PEP rally?

Posted on August 26, 2020 by Susan Grossey author

I am of An Age where every working surface in our house has been equipped with a cheap pair of reading glasses – who knows when I will need to read that care label, cooking instruction or baffling piece of … Continue reading →

Posted in AML, Due diligence, Legislation, Money laundering | Tagged AML, Bank Secrecy Act, due diligence, FATF, financial crime, government, legislation, money laundering, organised crime, PEP, Politically Exposed Person, proceeds of crime, tax evasion, white collar crime | 4 Comments

A word to the wise

Posted on July 22, 2020 by Susan Grossey author

MLROs and compliance folk are creatures of precision. I (proudly) count myself among them, and I know that when I am designing procedures or assembling training materials or writing this blog, I make sure that I check my sources very … Continue reading →

Posted in AML, Legislation, Regulation | Tagged AML, CDD, communication, due diligence, government, Jersey, legislation, MLCO, MLRO, money laundering, publications, writing | Leave a comment

Data doom and delight

Posted on June 24, 2020 by Susan Grossey author

With writing a post once a week only (I’ve fallen into writing longer posts less frequently – hope that’s OK), there’s sometimes a bit of a delay until I get round to dealing with something that’s been in the news. … Continue reading →

Posted in AML, Money laundering, Training | Tagged AML, communication, disclosure, due diligence, financial crime, government, money laundering, organised crime, Politico, proceeds of crime, research, SARs, suspicion, tax evasion | 5 Comments

No, no, no to UWO, UWO, UWO

Posted on April 29, 2020 by Susan Grossey author

Most of us in the world of AML have welcomed the advent of the Unexplained Wealth Order – the court order introduced by the Criminal Finances Act 2017, which can be served to compel either a PEP or someone involved … Continue reading →

Posted in AML, Bribery and corruption, Money laundering | Tagged AML, Azerbaijan, beneficial ownership, corruption, due diligence, financial crime, government, Kazakhstan, money laundering, National Crime Agency, NCA, PEP, Politically Exposed Person, proceeds of crime, suspicion, tax evasion, Unexplained Wealth Order, UWO | 2 Comments

The launderer always blinks twice

Posted on April 8, 2020 by Susan Grossey author

My money laundering news alerts have been very, very quiet in the past fortnight – not for one moment do I think this means that money laundering has stopped, or even decreased markedly, but understandably businesses and law enforcement agencies … Continue reading →