Tag Archives: Isle of Man

Piggy’s Progress

Posted on January 13, 2021 by Susan Grossey author

At the end of each year I do a stock-take of my piggy sales – by which I mean, I add up how many copies of I have sold of my two suites of AML books for non-exec directors (i.e. … Continue reading →

Posted in Uncategorized | Tagged AML, Brexit, directors, estate agent, Gibraltar, Guernsey, Isle of Man, Jersey, non-executive directors, publications, writing | 2 Comments

Best foot forward

Posted on April 10, 2019 by Susan Grossey author

In recent weeks I have worked in Guernsey and Jersey and I am rather fond of both places – not least because they have rather strict AML regimes, and you know how I feel about taking AML jolly seriously. Despite … Continue reading →

Posted in AML, Bribery and corruption, Money laundering, Publications, Uncategorized | Tagged AML, CDD, corruption, Corruption Perceptions Index, due diligence, Guernsey, Isle of Man, Jersey, money laundering, PEP | 6 Comments

Piggy popularity

Posted on April 12, 2016 by Susan Grossey author

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 AML, communication, financial crime, Gibraltar, Guernsey, Isle of Man, Jersey, non-executive directors, organised crime, proceeds of crime, publications | 4 Comments

Top-level training

Posted on April 4, 2016 by Susan Grossey author

First of all, I hope you enjoyed my little April Fool’s joke on Friday… I wrote a little while ago about the refreshing honesty of the UK’s first national money laundering risk assessment, and now it’s the turn of the … Continue reading →

Posted in AML, Money laundering, Publications | Tagged AML, communication, financial crime, government, Isle of Man, money laundering, publications, training | Leave a comment

And they lived PEPily ever after

Posted on November 9, 2015 by Susan Grossey author

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 AML, corruption, due diligence, Guernsey, Isle of Man, Jersey, ML Regulations, PEP, proceeds of crime, suspicion | 3 Comments

Regulatory arbitrage

Posted on October 9, 2015 by Susan Grossey author

No, that’s not the name of a minor – probably dastardly – character in a Mills and Boon novel: it is what happens when differing standards of regulation allow criminals to wriggle their way through the system by exploiting those … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, due diligence, financial crime, government, High Value Dealer, Isle of Man, legislation, MLRO, money laundering | 4 Comments

The plank in your own eye

Posted on April 15, 2015 by Susan Grossey author

As I was writing my previous blog post, a little thought tweaked at the corner of my mind. It’s not terribly well-formed (either the thought, or indeed the mind), but here goes. I was thinking about PEPs and monitoring, and … Continue reading →

Posted in AML, Due diligence | Tagged AML, corruption, due diligence, Isle of Man, MLRO, money laundering, risk-based approach | 6 Comments

Shading the shady

Posted on April 13, 2015 by Susan Grossey author

On 1 April 2015, updated AML legislation came into force in the Isle of Man. (No, I don’t know why anyone would choose that particular day to bring anything into force.) The 2015 version of the Code (as they have … Continue reading →

Posted in Due diligence, Legislation, Money laundering | Tagged AML, corruption, due diligence, Isle of Man, legislation, PEP | 4 Comments

Territorial sensibilities

Posted on February 26, 2015 by Susan Grossey author

I work regularly in five jurisdictions: the UK, Guernsey, Jersey, the Isle of Man and Gibraltar. Now let’s get technical. The Bailiwick of Guernsey (actually five islands) and the Bailiwick of Jersey are jointly the Channel Islands. The Channel Islands … Continue reading →

Posted in Money laundering | Tagged Gibraltar, Guernsey, Isle of Man, Jersey, money laundering, offshore, proceeds of crime, tax avoidance, training | 2 Comments

Overbooked

Posted on August 5, 2014 by Susan Grossey author

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 →