Tag Archives: Money Laundering Regulations

Hang on every word

Posted on March 10, 2021 by Susan Grossey author

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 AML, guidance, guidance notes, legislation, MLRO, Money Laundering Regulations, PEP, source of funds, source of wealth | Leave a comment

Desperately seeking Regulations

Posted on November 25, 2020 by Susan Grossey author

* 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 AML, Brexit, equivalence, European Union, Fifth Money Laundering Directive, legislation, money laundering, Money Laundering Regulations, RUSI, Sixth Money Laundering Directive, third country, white collar crime | 9 Comments

Another fine mess

Posted on October 14, 2020 by Susan Grossey author

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 AML, financial crime, freeport, government, legislation, money laundering, Money Laundering Regulations, tax evasion, white collar crime | 13 Comments

Levy-hearted

Posted on March 25, 2020 by Susan Grossey author

I have my fingers in my ears and am chanting “la la la” to myself, as I refuse to listen to any more corona-chatter. For today’s blog I am going to pretend that nothing untoward is happening and have a … Continue reading →

Posted in AML, Legislation, Money laundering, Supervision | Tagged AML, budget, economic crime, Economic Crime Levy, financial crime, HM Treasury, legislation, money laundering, Money Laundering Regulations | 2 Comments

Taking money laundering to ‘art

Posted on January 29, 2020 by Susan Grossey author

“I don’t know much about art, but I know what I like.” That (very common) attitude might be OK when you’re standing in a gallery trying to make sense of something you’ve seen, but it won’t pass muster if you’re … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, art, art market participant, due diligence, Fifth Money Laundering Directive, financial crime, freeport, legislation, MLD5, MLRO, money laundering, Money Laundering Regulations, organised crime, proceeds of crime, training | 2 Comments

Officer politics

Posted on January 30, 2019 by Susan Grossey author

One of my main arenas of AML activity is Guernsey, and life there is pretty exciting at the moment with the imminent arrival of new AML legislation and guidance – both already published and coming into force on 31 March … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, disclosure, due diligence, financial crime, government, Guernsey, Jersey, legislation, MLCO, MLRO, Money Laundering Compliance Officer, Money Laundering Regulations, Money Laundering Reporting Officer, nominated officer | 3 Comments

Getting in a state about agents

Posted on October 20, 2015 by Susan Grossey author

When it comes to AML, I’m an equal opportunities preacher: I’ll tell anyone what to do. So I take my AML hectoring, sorry, training into all manner of places, from swanky banks to glitzy casinos. But the two parts of … Continue reading →

Posted in AML, Legislation | Tagged AML, due diligence, estate agent, legislation, Money Laundering Regulations, proceeds of crime, training | 7 Comments

The risk of compassion

Posted on September 15, 2015 by Susan Grossey author

I have just finished reading a book called “A Long Walk Home”, which is an account by Englishwoman Judith Tebbutt of her ordeal of being kidnapped by Somali pirates who killed her husband and then held her at various locations … Continue reading →

Posted in AML, Due diligence | Tagged financial crime, money laundering, Money Laundering Regulations, organised crime, risk, risk-based approach, white collar crime | 1 Comment

Agents of doom and disrepute

Posted on July 14, 2015 by Susan Grossey author

I’ve just watched a Channel 4 documentary called “From Russia with Cash”. The premise is that two investigators go undercover as Russian PEP Boris and his ditsy girlfriend Nastya, and trip around the swankier parts of London looking at five … Continue reading →

Posted in AML, Bribery and corruption, Money laundering | Tagged AML, corruption, due diligence, estate agent, financial crime, legislation, ML Regulations, money laundering, Money Laundering Regulations, PEP, proceeds of crime, Proceeds of Crime Act | 6 Comments

Is AML worth the paper it’s written on?

Posted on January 27, 2012 by Susan Grossey author

As I’ve spent quite a bit of time recently promoting my own writing, I thought I should get down to reading someone else’s. “The Money Laundry” by JC Sharman had a bit of a buzz around it (it was even … Continue reading →