Tag Archives: HM Treasury

Less than super-vision

Posted on September 29, 2021 by Susan Grossey author

I assume most of you know how I feel about the theory of OPBAS – i.e. that the solution to the fragmented and conflicting AML/CFT supervision arrangements in the UK is not to rationalise the number of supervisors but rather … Continue reading →

Posted in Uncategorized | Tagged AML, AML/CFT, due diligence, FCA, financial crime, Gambling Commission, HM Treasury, HMRC, money laundering, OPBAS, professional body supervisor, risk-based approach, supervision, supervisor | 1 Comment

A new chapter for financial crime

Posted on July 7, 2021 by Susan Grossey author

When you live in a country with a Prime Minister who is alleged to have said in April 2021 that he would rather see “bodies pile high in their thousands” than order a third lockdown, and who now confirms that “we … Continue reading →

Posted in Uncategorized | Tagged abuse, AML, Chancellor, corruption, financial crime, fraud, HM Treasury, HMG, MLRO, money laundering, regulation, risk-based approach | Leave a comment

Levy-hearted

Posted on March 25, 2020 by Susan Grossey author

I have my fingers in my ears and am chanting “la la la” to myself, as I refuse to listen to any more corona-chatter. For today’s blog I am going to pretend that nothing untoward is happening and have a … Continue reading →

Posted in AML, Legislation, Money laundering, Supervision | Tagged AML, budget, economic crime, Economic Crime Levy, financial crime, HM Treasury, legislation, money laundering, Money Laundering Regulations | 2 Comments

Taking task forces to task

Posted on January 16, 2019 by Susan Grossey author

May I be honest with you? I have worked alone for more than twenty years and I like it, I really do. As an only child I became used to not having to compromise, and I also have a visceral … Continue reading →

Posted in AML, Money laundering | Tagged AML, communication, Economic Crime Strategic Board, financial crime, government, HM Treasury, Home Office, money laundering, research, SARs, task force | 6 Comments

Turned out fine again

Posted on November 29, 2017 by Susan Grossey author

The UK Chancellor’s budget is rarely a cause for much celebration, while the obligatory leaks in the days beforehand suck every element of surprise out of his announcements, but one little gem might have passed you by on 22 November … Continue reading →

Posted in AML, Supervision | Tagged budget, FCA, Financial Conduct Authority, FSA, HM Treasury, LIBOR | 3 Comments

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

Posted on September 6, 2017 by Susan Grossey author

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 AML, consultation, FCA, Gambling Commission, GFSC, guidance, HM Treasury, JMLSG, legislation, money laundering | 3 Comments

Just fancy window-dressing?

Posted on April 12, 2013 by Susan Grossey author

In a training session today, someone asked me a question that I have not been asked before – I do love it when that happens. (And before you rush off to your “Big Book of Fiendishly Difficult University Challenge Physics … Continue reading →

Posted in AML, Money laundering | Tagged AML, due diligence, financial crime, FSA, government, HM Treasury, legislation, ML Regulations, money laundering, proceeds of crime | 2 Comments

Setting a good example

Posted on March 14, 2012 by Susan Grossey author

A while ago I read an interesting book called “Nudge” by Richard Thaler and Cass Sunstein – it’s all about improving your decision-making skills, which appealed to me (as someone who has turned dithering into an art form). Regular readers … Continue reading →

Posted in Money laundering, Organised crime | Tagged AML, communication, corruption, disclosure, due diligence, financial crime, HM Treasury, money laundering, proceeds of crime, tax evasion, training | Leave a comment

Measuring money laundering

Posted on August 31, 2011 by Susan Grossey author

One of the trickiest things about money laundering is knowing how much of it goes on. We know it’s a LOT, but with most of those who are required to comply with the Money Laundering Regulations (or their equivalent) working … Continue reading →

Posted in Bribery and corruption, Money laundering | Tagged corruption, financial crime, HM Treasury, money laundering, organised crime, proceeds of crime, Transparency International | Leave a comment

Which law to break? Decisions, decisions…

Posted on August 19, 2011 by Susan Grossey author

Although I am not a lawyer, I enjoy the limited exposure I have to the law – it’s like trying to unpick a puzzle, making sure that you have completely understood all the requirements, down to the last sub-clause and … Continue reading →