Tag Archives: money laundering

A reliability rating for Regs

Posted on June 21, 2017 by

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 , , , , , | Leave a comment

It’s for you-hoo!

Posted on June 16, 2017 by

Apart from the days when I am out preaching the AML gospel, I work alone in an office above my garage.  Although this means that I get all the Jaffa Cakes and can break off to dance to ABBA’s “When … Continue reading →

Posted in AML, Training | Tagged , , , | 12 Comments

Now and forever

Posted on June 12, 2017 by

As regular readers will know, I have a great fondness for Guernsey.  It has a mild climate, lovely scenery, excellent food – and a rather admirable AML regime.  (That last bit doesn’t make it into the VisitGuernsey brochures or telly … Continue reading →

Posted in AML, Due diligence, Legislation | Tagged , , , , , , , , | 9 Comments

A fine fortnight

Posted on June 7, 2017 by

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 , , , , | 1 Comment

From little acorns

Posted on June 2, 2017 by

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 →

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Adiós a la Cara de Piña

Posted on May 30, 2017 by

Panama has been in the news recently for its Papers, but long before then we had Noriega (or “Old Pineapple Face”, as his braver countrymen called him – behind his back, of course).  Indeed, when I started out as a … Continue reading →

Posted in Bribery and corruption, Money laundering, Organised crime | Tagged , , , , , , , , , | 5 Comments

A record number of records

Posted on May 24, 2017 by

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

A state of grace

Posted on May 19, 2017 by

Someone asked me recently about grace.  Not the spiritual kind, or indeed the physical – if there is a loose paving stone within a hundred yards, I will trip over it.  No, what they were concerned about is the period … Continue reading →

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

More haste, less progress

Posted on May 15, 2017 by

I’m one of those annoying people who take deadlines really, really seriously.  Last year I accidentally prepared two tax returns because I did the first one so far in advance of the deadline that I clean forgot that I had … Continue reading →

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Smile: you’re on ATM camera!

Posted on May 10, 2017 by

Years ago, I used to joke in AML training sessions that one day CDD would be obsolete because as soon as a baby was born s/he would be tattooed with an indelible barcode which would be used as proof of … Continue reading →

Posted in AML, Money laundering, Organised crime | Tagged , , , , , , | 2 Comments