Tag Archives: money laundering

Top tips for MLROs

Posted on December 29, 2021 by Susan Grossey author

And so here we are: my final weekly blog post.  I could think of no more fitting topic than my top five tips for MLROs, garnered over twenty-five years of working with you. Get people to care.  It’s all very … Continue reading →

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Regrets, I’ve had a few – well, OK, one

Posted on December 22, 2021 by Susan Grossey author

As I bring down the curtain on my AML life, I am reflecting in this penultimate post on what I have achieved, the direction my career has taken, and any opportunities missed.  To be honest – and this might come … Continue reading →

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A welcome divorce

Posted on December 15, 2021 by Susan Grossey author

A significant change was made to my AML-ish life on 26 October 2005: on that date appeared the Third Money Laundering Directive, with the addition of “and terrorist financing” to its title, whereas First and Second had been pure money … Continue reading →

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I really do hate money laundering

Posted on December 8, 2021 by Susan Grossey author

As I reach the final weeks of my career in AML, several people have asked me what I will miss the most.  My husband – used, I suppose, to hearing the unvarnished version of events – has also asked me … Continue reading →

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Another disappointing report card

Posted on December 1, 2021 by Susan Grossey author

You know only too well my views (here and here, for instance) on the ridiculously over-crowded AML supervisory “space” in the UK: we have three statutory supervisors (the Financial Conduct Authority, HMRC and the Gambling Commission) and then 22 “professional … Continue reading →

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Please release me

Posted on November 17, 2021 by Susan Grossey author

The principle of mitigation is an important one in the justice system.  Once someone has pleaded guilty to an offence – or been found guilty of it after a trial – the attention of the court turns to sentencing, and … Continue reading →

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Dull as dishwater

Posted on November 10, 2021 by Susan Grossey author

One of the most common requests I have from people commissioning my training is for case studies – stories about money launderers.  And I am more than happy to oblige, as researching these creatures is one of the guilty pleasures … Continue reading →

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Underfunded, under-supervised and over here

Posted on November 3, 2021 by Susan Grossey author

I know, I know: who thought I would spend my last few months as an AML-er shaking my fist impotently at the madness that is freeports?  But here we are.  I’ve written before (here and here) about why they’re such … Continue reading →

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Boxed into a corner

Posted on October 6, 2021 by Susan Grossey author

What else could I write about this week except the Pandora Papers?  The initial focus will be on the individuals named in the leak, but away from the gory headlines will be the real work: looking at the enablers.  The … Continue reading →

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Less than super-vision

Posted on September 29, 2021 by Susan Grossey author

I assume most of you know how I feel about the theory of OPBAS – i.e. that the solution to the fragmented and conflicting AML/CFT supervision arrangements in the UK is not to rationalise the number of supervisors but rather … Continue reading →

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