Tag Archives: Jersey

Piggy popularity

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

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And they lived PEPily ever after

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

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Dumb diligence

Personal responsibility is very much the name of the game at the moment, with the UK’s new Senior Managers Regime and PSR register both on their way.  The aim is to make individuals take responsibility for their decisions and actions, … Continue reading

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Begone, bad MLRO

In what the headline writers are calling a “landmark case”, an MLRO and the firm she worked for in Jersey have been acquitted of failing to make suspicious activity reports when they should have done.  (“Landmark” because it was the … Continue reading

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Territorial sensibilities

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

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Due diligence dark glasses

I love words, as you know.  But – like Jaffa Cakes on the shelves and “Today” on Radio 4 in the morning – we sometimes take them for granted.  (Although with the recent sale of United Biscuits to a Turkish … Continue reading

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Drawing a veil over political correctness

Anyone who has been to my AML introductory training for new staff will have seen my slide showing a Serbian photographic driving licence offered as proof of identity by a lady of Iraqi origin.  The problem with it is that the … Continue reading

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Overbooked

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

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Tipping point for tipping off?

I work regularly in five jurisdictions (Guernsey, Jersey, Isle of Man, Gibraltar and the UK) and occasionally in others (Cayman Islands, Luxembourg, Ireland), and for me an absolute prerequisite is a good understand of the local AML legislation.  Thankfully, as … Continue reading

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Plenty of time to count to ten

Regular readers will know how tolerant and forgiving I am of money launderers – not.  And I have followed the investigation, trial, incarceration and financial analysis of drug dealer Curtis Warren with great interest.  After much wriggling, on 3 December … Continue reading

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