Tag Archives: ML Regulations

A record number of records

I know I said last time that I wouldn’t be doing anything until the UK’s new Money Laundering Regulations 2017 and their attendant guidance notes are finalised and approved (we’re working towards 26 June 2017), but that doesn’t stop me having … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , , | 5 Comments

Sliding into EDD

And here is my third and (for the moment) final post on the UK’s draft new money laundering regulations.  One little phrase jumped out at me in the consultation document: “EDD is a sliding scale”.  The point is made in … Continue reading

Posted in AML, Due diligence | Tagged , , , , , , | 2 Comments

The magical disappearing regulations

My short AML survey is still live (until 31 March 2017) so please do have a go if you haven’t yet: https://www.surveymonkey.co.uk/r/VM62T6K Oooo, you know how a love a good consultation, and this week I’ve been enjoying one close to home: … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , | 5 Comments

Artful dodges?

I have written before about the potential for money laundering presented by the art world.  Of course, I know this in theory only: I have never once been the customer of an art auction house.  (I spent some childhood years … Continue reading

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A consultation too far?

Regular readers will know that I am quite taken with consultations: I like people asking my opinion nearly as much as I love giving it.  I tend to respond to AML-themed ones most avidly, but in recent months I have … Continue reading

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The luxury of dithering

So here I am, back from my summer writing retreat, and normal blogging has resumed.  It was quite a relief to be out of the country – in Switzerland, to be precise – and get away from all the Brexit … Continue reading

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Brexit and AML

The UK has voted to leave the EU.  I am devastated, of course, but that is a personal sadness.  From a professional point of view, my concern is what will happen to the AML legislation that we in the UK … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , , | 9 Comments

Change the record, please

From time to time I have a rant about the bad rap that AML gets, and today’s another one of those.  Allow me to present two pieces of evidence.  A fortnight ago I found a wallet on a bench in … Continue reading

Posted in AML, Money laundering | Tagged , , , , , , , | 5 Comments

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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More care for the spare

Even the most dedicated and determined MLRO needs a break from his work occasionally, and as he packs his flip-flops/salopettes* and the latest thriller/romance/colouring-in book* [* delete as appropriate] he can relax knowing that all is being left in the … Continue reading

Posted in AML | Tagged , , , , , , | 6 Comments