Tag Archives: Guernsey

Training across the Board

Posted on December 18, 2017 by

At the end of each year I do a review of what I have done during that year.  Each time I issue an invoice I categorise it by jurisdiction, by sector and by activity type, and this enables me to … Continue reading →

Posted in AML, Regulation, Training | Tagged , , , , , , , , | 4 Comments

Yippee – more acronyms!

Posted on June 30, 2017 by

Last week I discovered that something that exercised me a great deal – the “once a PEP, always a PEP” stance of Guernsey, Jersey and the Isle of Man – did not seem to concern the MLROs in those jurisdictions … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged , , , , , | 16 Comments

Now and forever

Posted on June 12, 2017 by

As regular readers will know, I have a great fondness for Guernsey.  It has a mild climate, lovely scenery, excellent food – and a rather admirable AML regime.  (That last bit doesn’t make it into the VisitGuernsey brochures or telly … Continue reading →

Posted in AML, Due diligence, Legislation | Tagged , , , , , , , , | 9 Comments

Guernsey’s training report card

Posted on June 16, 2016 by

Earlier this month the Guernsey Financial Services Commission (one of my very favourite regulators – yes, I do have favourite regulators, and favourite FIUs too) published a thematic report on financial crime training.  In it are the results of a … Continue reading →

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Piggy popularity

Posted on April 12, 2016 by

Yesterday I made an astonishing discovery: if you go to the Amazon UK website and just type “money laundering” (without inverted commas) in the Search box, one of my piggy books is the very first listed item!  (Amazon is the ultimate … Continue reading →

Posted in AML, Publications | Tagged , , , , , , , , , , | 4 Comments

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 →

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

And they lived PEPily ever after

Posted on November 9, 2015 by

The Fourth Money Laundering Directive is the gift that just keeps on giving, isn’t it?  It’s a meaty document, and one of the delights it has served up – following the recommendation of the FATF’s, well, Recommendations – is an … Continue reading →

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

Guernsey goes through the reputational wringer

Posted on July 7, 2015 by

I must declare an interest.  As part of my regular timetable of training visits, I go to Guernsey about five times a year, for a week at a time.  And I like it very much: I like the scenery, I … Continue reading →

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Upgrading to a new model

Posted on June 4, 2015 by

I’ve been hearing from friends in Guernsey that a recent industry presentation there suggested that the familiar three-stage model of money laundering – placement, layering and integration – is out of date.  Granted, it dates from the mid-1980s, but then … Continue reading →

Posted in Uncategorized | Tagged , , , , , , | 11 Comments

The Stasi spectrum of suspicion

Posted on March 2, 2015 by

I’ve just come back from a mini-break in Berlin – my first visit.  While I was there I went to the Stasi Museum, which is in the building where the actual HQ of the East German Ministry for State Security … Continue reading →

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