Tag Archives: HMRC

Another disappointing report card

Posted on December 1, 2021 by Susan Grossey author

You know only too well my views (here and here, for instance) on the ridiculously over-crowded AML supervisory “space” in the UK: we have three statutory supervisors (the Financial Conduct Authority, HMRC and the Gambling Commission) and then 22 “professional … Continue reading →

Posted in Uncategorized | Tagged AML, due diligence, Economic Crime Plan, FATF, FCA, Financial Conduct Authority, Gambling Commission, HMRC, legislation, money laundering, mutual evaluation report, OPBAS, supervision | 2 Comments

Underfunded, under-supervised and over here

Posted on November 3, 2021 by Susan Grossey author

I know, I know: who thought I would spend my last few months as an AML-er shaking my fist impotently at the madness that is freeports? But here we are. I’ve written before (here and here) about why they’re such … Continue reading →

Posted in Uncategorized | Tagged AML, anti-money laundering, due diligence, financial crime, freeport, HMRC, money laundering, organised crime, proceeds of crime, smuggling, tax evasion | Leave a comment

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

Too much of a bad thing

Posted on April 3, 2019 by Susan Grossey author

Please may I distract you from the festering plague sore that is Brexit by drawing your attention instead to something we Brits do rather well, which is AML supervision. In fact we’re so good at this that we have dozens … Continue reading →

Posted in AML, Money laundering, Supervision | Tagged AML, due diligence, FCA, Financial Action Task Force, financial crime, Gambling Commission, government, HMRC, legislation, money laundering, OPBAS, RUSI, supervision | 9 Comments

The taxman triumphs

Posted on January 7, 2019 by Susan Grossey author

I’ve done a bit of HMRC-bashing in recent months (here and here) so it’s only fair that I now mention a laudable news story that they issued at the end of 2018: their list of top ten prosecutions of 2018, … Continue reading →

Posted in Money laundering, Tax, Uncategorized | Tagged AML, fraud, HMRC, money laundering, Tax, tax evasion | 4 Comments

The concept of anonymous publication

Posted on December 12, 2018 by Susan Grossey author

We all have a talent, and mine is words. I love reading and writing them, my spelling is pretty crash-hot, and if I am trying to remember something, I tend to see it as a word, e.g. “I’ve forgotten his … Continue reading →

Posted in AML, Money laundering, Supervision | Tagged AML, communication, disclosure, due diligence, FCA, Financial Conduct Authority, Gambling Commission, government, Guernsey Financial Services Commission, HMRC, ML Regulations, money laundering, publications | 4 Comments

Hiding their light

Posted on May 23, 2018 by Susan Grossey author

A little while ago I had a moan (I know – hard to believe) about HMRC failing to publish information about its AML activities. But it turns out that the fault is partly mine: I am just not looking hard … Continue reading →

Posted in AML, Money laundering | Tagged AML, communication, financial crime, government, HMRC, money laundering, proceeds of crime, research | 1 Comment

Cleaning house for estate agents

Posted on January 26, 2018 by Susan Grossey author

Just to raise the tone of this blog a little, I’d like to start today with a quotation from Voltaire’s 1759 satirical novel “Candide”: “Dans ce pays-ci, il est bon de tuer de temps en temps un amiral pour encourager les … Continue reading →

Posted in AML, Money laundering, Supervision | Tagged AML, due diligence, estate agent, financial crime, HMRC, legislation, ML Regulations, money laundering, National Association of Estate Agents, supervision | 6 Comments

Me first, no, me first

Posted on April 15, 2016 by Susan Grossey author

And so the battle to appear whiter than white begins – and not before time. As British politicians fall over themselves to publish their tax returns, the UK government has announced the launch of a new taskforce to investigate the … Continue reading →

Posted in Uncategorized | Tagged AML, due diligence, Financial Conduct Authority, financial crime, government, HMRC, National Crime Agency, Panama Papers, proceeds of crime, Serious Fraud Office, tax evasion | 2 Comments

Without AML, you’re nothing

Posted on April 2, 2015 by Susan Grossey author

A kind reader in Ireland has pointed out to me this recent case (I’m sure you’re all on top of it, but what with the dizzy promise of Easter eggs this weekend, it quite escaped my notice). At the heart … Continue reading →