Tag Archives: ML Regulations

The UK’s reporting report card

Posted on November 6, 2017 by Susan Grossey author

Well, we in the UK are streets ahead of our EU neighbours in one regard at least: the number of SARs we submit to our FIU. At the start of September, Europol published a report entitled “From Suspicion to Action: … Continue reading →

Posted in AML, Legislation | Tagged AML, Europol, financial crime, government, ML Regulations, money laundering, National Crime Agency, NCA, suspicion | 3 Comments

Laying the (shaky) foundations

Posted on November 1, 2017 by Susan Grossey author

No-one who has heard me speak or read my blog will be surprised to hear that I am a devout Remainer. As someone whose parents had vivid memories of (and occasional nightmares about) the Second World War and its aftermath, … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, due diligence, financial crime, government, legislation, ML Regulations, money laundering, proceeds of crime | 4 Comments

Outside the tent

Posted on September 25, 2017 by Susan Grossey author

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 →

Posted in AML, Legislation, Money laundering | Tagged AML, Bitcoin, due diligence, financial crime, legislation, ML Regulations, money laundering, organised crime, proceeds of crime, regulation, regulator | Leave a comment

You can lead a horse to water

Posted on August 16, 2017 by Susan Grossey author

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 AML, communication, estate agent, financial crime, legislation, ML Regulations, money laundering, publications | 2 Comments

Standing my AML ground

Posted on July 10, 2017 by Susan Grossey author

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 AML, financial crime, legislation, ML Regulations, MLRO, money laundering, proceeds of crime, tax evasion | 2 Comments

Yippee – more acronyms!

Posted on June 30, 2017 by Susan Grossey author

Last week I discovered that something that exercised me a great deal – the “once a PEP, always a PEP” stance of Guernsey, Jersey and the Isle of Man – did not seem to concern the MLROs in those jurisdictions … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, Guernsey, legislation, ML Regulations, MLRO, money laundering | 17 Comments

Thoroughly Modern Piggies

Posted on June 26, 2017 by Susan Grossey author

So tell me: what did you do this weekend? Sit in the garden? Sail to France? Slap a few prawns on the barbie? I did none of these: instead, I sat at my desk, surrounded by the new Money Laundering, … Continue reading →

Posted in AML, Legislation, Money laundering, Publications | Tagged AML, communication, government, legislation, ML Regulations, money laundering, non-executive directors, publications | 10 Comments

A reliability rating for Regs

Posted on June 21, 2017 by Susan Grossey author

I regularly visit Switzerland which, being such a lumpy little country, has a lot of weather – and many ways in which the weather can kill you (avalanches, mountain mists, tsunamis, etc.). (I know you won’t believe me about the … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, government, legislation, ML Regulations, MLRO, money laundering | Leave a comment

A fine fortnight

Posted on June 7, 2017 by Susan Grossey author

What else could I blog about today but the seemingly daily fines on financial institutions for AML failings? Here’s what has happened (you can see the links to all of these stories on the Newsroom page of my website): 22 … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged AML, due diligence, ML Regulations, money laundering, training | 1 Comment

From little acorns

Posted on June 2, 2017 by Susan Grossey author

I work regularly in the UK and four UK-related jurisdictions, and for those five I take pains to learn their AML legislation, regulation and guidance. When it comes to the other jurisdictions of the world and their AML regimes, I … Continue reading →