Tag Archives: legislation

Hang on every word

Posted on March 10, 2021 by ihatemoneylaundering

I have been called pedantic, but that’s not strictly accurate.  The fact is that I make my living from – and spend much of my leisure time with – words.  Most compliance-y people are good at detail: at school we … Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Let’s risk it for a Brexit

Posted on December 30, 2020 by ihatemoneylaundering

Better late than never, I suppose – the UK’s third National Risk Assessment, due in October 2019, was finally published on 17 December 2020.  When discussing risk assessment with MLROs, I describe it as a focussing exercise: you start big, … Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , , , , , | 4 Comments

Desperately seeking Regulations

Posted on November 25, 2020 by ihatemoneylaundering

* Alert!  This is a long, ranty post – you may need a Jaffa Cake or two to stay the course…* I’m quite bright.  Not “University Challenge” winning team bright, but I have a couple of degrees, I can sometimes … Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , , , , | 9 Comments

Save our SARs

Posted on October 28, 2020 by ihatemoneylaundering

I am a fan of the philosophy of SARs: I think it is correct that businesses handling client money should be obliged to report to the authorities if they suspect that that money is the proceeds of crime or connected … Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , , , , | 2 Comments

Free for all

Posted on October 14, 2020 by ihatemoneylaundering

If I were sitting in a mountain-top lair, twirling my moustaches and cackling evilly, I don’t think I could devise an environment more conducive to financial crime than the UK in late 2020.  Put to one side the spinelessness of … Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , | 12 Comments

Latest leak lessons

Posted on September 23, 2020 by ihatemoneylaundering

This is a tricky time to write a blog post, as everywhere is swirling with stories from the “FinCEN Files”.  I have explored the leaks on the ICIJ website, read the reputable (and disreputable) press sources and watched the “Panorama” … Continue reading →

Posted in AML, Money laundering, White collar crime | Tagged , , , , , , , , , , , , , , , , , , | 4 Comments

Sixth sense

Posted on September 16, 2020 by ihatemoneylaundering

Right, here’s a little quiz for you: as of today, it’s 78 days until what?  Points deducted if you simply say, “Thursday 3 December” – although points added if you know that that’s my mother-in-law’s birthday [note to self: remind … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , , , , , | 6 Comments

Osh Ghosh begone

Posted on September 2, 2020 by ihatemoneylaundering

I have had no legal training, but on the plus side I have a high boredom threshold and I love reading – both of which are, I believe, essential for lawyers.  This means that I can generally work my way … Continue reading →

Posted in Legislation, White collar crime | Tagged , , , , , , , , , , | 5 Comments

Is that why it’s called a PEP rally?

Posted on August 26, 2020 by ihatemoneylaundering

I am of An Age where every working surface in our house has been equipped with a cheap pair of reading glasses – who knows when I will need to read that care label, cooking instruction or baffling piece of … Continue reading →

Posted in AML, Due diligence, Legislation, Money laundering | Tagged , , , , , , , , , , , , , | 4 Comments

A word to the wise

Posted on July 22, 2020 by ihatemoneylaundering

MLROs and compliance folk are creatures of precision.  I (proudly) count myself among them, and I know that when I am designing procedures or assembling training materials or writing this blog, I make sure that I check my sources very … Continue reading →

Posted in AML, Legislation, Regulation | Tagged , , , , , , , , , , , | Leave a comment