Tag Archives: legislation

Riches beyond imagination

Posted on October 18, 2017 by

If you were asked to prove where all of your assets have come from, could you do it?  For myself, I have the mortgage documents for the house, and the original receipt for my car (bought for £4,950 cash in … Continue reading →

Posted in AML, Bribery and corruption, Legislation | Tagged , , , , , , , , , , , | 3 Comments

Miffed at MiFID II

Posted on October 4, 2017 by

Fifty-two.  That’s how many triple packs of Jaffa Cakes I could have bought with the £138 I have just had to shell out to buy an LEI for my company.  That’s a Legal Entity Identifier: a 20-digit identifying number required … Continue reading →

Posted in Due diligence, Legislation | Tagged , , , , , | Leave a comment

Regime change for the better

Posted on September 29, 2017 by

The UK Financial Conduct Authority’s Senior Managers and Certification Regime is now two years old.  Under the regime (which currently applies to UK banks, building societies, credit unions, branches of foreign banks operating in the UK and the largest investment … Continue reading →

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Outside the tent

Posted on September 25, 2017 by

Regulation has been on my mind lately – and doubly so since the decision last Friday by Transport for London not to renew the private hire licence for “ride-hailing app firm” Uber.  Not that I’m affected personally – I’ve never … Continue reading →

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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

You can lead a horse to water

Posted on August 16, 2017 by

As you know, at the end of June we were gifted with new AML legislation here in the UK.  One of its main features was an absolute clarification about the AML status of estate agents: “In these Regulations, ‘estate agent’ … Continue reading →

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

The law of the wild

Posted on July 26, 2017 by

In a quest to find a country that is still outward-looking and welcoming, I am going to have a look at Canada this summer.  Although I will still be keeping a weather eye on all things AML, please note that … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , , , | 3 Comments

Feeling the benefit

Posted on July 19, 2017 by

One of my very favourite things in my professional life is the concept of criminal benefit.  I like what this says about our attitude to crime and those who commit it.  Put very simply – and I am sure a … Continue reading →

Posted in Legislation, Money laundering | Tagged , , , , , , , | Leave a comment

Standing my AML ground

Posted on July 10, 2017 by

Money laundering and I – or rather, AML and I – have been on intimate terms for more than two decades now.  The muscle memory in my fingers is such that I cannot type the word “money” without following it … Continue reading →

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