Tag Archives: guidance

New Guernsey piggies in the sty

Posted on December 13, 2018 by

A very quick post specifically for my Guernsey readers.  Just for you, I have: Read the new Schedule 3 and Handbook cover to cover Updated all five of my piggy books – for NEDs, and for the accountancy, banking, fiduciary … Continue reading →

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

Keeping up with the Joneses, les Dubois and die Schmidts

Posted on December 7, 2018 by

I mentioned in my previous post that Guernsey is on the cusp, nay, the very brink of getting new AML legislation.  This represents the conclusion of their exercise to fall into line with the Fourth Money Laundering Directive (or as … Continue reading →

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Interesting times

Posted on November 19, 2018 by

I like AML legislation as much as the next person – perhaps more, unless that person is an MLRO.  If there’s updated AML legislation on the horizon I really look forward to it, and I’ve been on tenterhooks for about … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , , , | 2 Comments

A call to arms

Posted on September 20, 2017 by

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

I’ll tell you what I want, what I really, really want

Posted on September 6, 2017 by

Regular readers will know that when it comes to consultations, I am Pavlov’s respondent: tell me you want my opinion and I’m slavering to give it.  Indeed, so regular is my participation that I have a whole email folder entitled … Continue reading →

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

Sliding into EDD

Posted on April 3, 2017 by

And here is my third and (for the moment) final post on the UK’s draft new money laundering regulations.  One little phrase jumped out at me in the consultation document: “EDD is a sliding scale”.  The point is made in … Continue reading →

Posted in AML, Due diligence | Tagged , , , , , , | 2 Comments

Goldilocks and guidance

Posted on December 9, 2016 by

As regular readers will know, I am most active in five jurisdictions: UK, Guernsey, Jersey, the Isle of Man and Gibraltar.  I can – and do – work in other places, but I feel most comfortable when I know the … Continue reading →

Posted in AML, Due diligence | Tagged , , , , , , , | 2 Comments

Overbooked

Posted on August 5, 2014 by

The Jersey Financial Services Commission recently published a paper entitled “Revisions to Commission AML/CFT Handbooks”, setting out their plans for (big surprise) forthcoming revisions to their handbooks.  As I was working my way through it, putting key dates in my diary … Continue reading →

Posted in AML, Publications | Tagged , , , , , , , , , , , , , | 2 Comments

Cooking with gas

Posted on September 30, 2013 by

As I was reminded today when I checked my watch and realised that the numbers seems to have shrunk somewhat, time is passing.  And although we are all now so familiar with the basic principles of the AML regime that … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , | 7 Comments

Now that’s what I call neighbourly

Posted on December 7, 2012 by

Regular readers will know of my dislike for the UK’s Bribery Act 2010 – or, more specifically, for the corporate offence contained in Section 7 of the Act.  If it were a person, it would be off my Christmas card … Continue reading →

Posted in Bribery and corruption, Money laundering | Tagged , , , , , , | Leave a comment