Tag Archives: money laundering

Friends in low places

Posted on July 15, 2020 by

For my sins, I start every working day with a trawl of the latest money laundering stories.  As I scan them, I am doing mental triage: Really significant developments go onto the Newsroom page of my website Those, and other … Continue reading →

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

Performance negated pay

Posted on July 8, 2020 by

Much has been written in recent weeks about the pandemic’s impact on AML endeavours – how to conduct CDD checks on clients who cannot leave their homes, and whether to accelerate acceptance of online CDD documents (is the risk of … Continue reading →

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Data doom and delight

Posted on June 24, 2020 by

With writing a post once a week only (I’ve fallen into writing longer posts less frequently – hope that’s OK), there’s sometimes a bit of a delay until I get round to dealing with something that’s been in the news.  … Continue reading →

Posted in AML, Money laundering, Training | Tagged , , , , , , , , , , , , , | 3 Comments

A most tempting offer

Posted on June 10, 2020 by

The name of my company is the result of a family joke: my father observed one day that I was always thinking about crime.  I wasn’t sure I’d be allowed to have the name but I was, and it’s memorable … Continue reading →

Posted in AML, Due diligence, Fraud, Money laundering | Tagged , , , , , , , , , , | 4 Comments

Webinar woes

Posted on June 3, 2020 by

Like many of you, I am trying to ensure that I keep my skills and knowledge as current as I can.  I don’t have CPD obligations, but it’s easy to get stale or set in our ways, and there is … Continue reading →

Posted in AML, Money laundering, Training | Tagged , , , , , , , | 4 Comments

Leak technique

Posted on May 27, 2020 by

I’ve been doing some remote training recently for a new MLRO, which has been great fun: we’ve covered all the essential and then plenty of those fun, tangential topics that concern MLROs – including beneficial ownership and (our topic for … Continue reading →

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The new crimino-normal

Posted on May 20, 2020 by

Much as I try to ignore it – otherwise it absorbs our every waking moment, and some of our nightmares – I do occasionally find that there is an interesting nexus between the coronavirus and money laundering.  And this week … Continue reading →

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

Calculators at the ready

Posted on May 13, 2020 by

Sometimes words enter your vocabulary and you can’t remember where or when you first heard them but suddenly they’re there and you’re hearing and using them all the time.  I’m not talking about “lock-down” or “social distancing” or “flattening the … Continue reading →

Posted in AML, Bribery and corruption, Money laundering | Tagged , , , , , , , , , , | Leave a comment

A pandemic of efficiency?

Posted on May 6, 2020 by

These are very odd times: on the one hand, my daily life has slowed considerably, with elements of “Groundhog Day” about it, while on the other it is all but impossible to keep up with the fast-changing advice and requirements … Continue reading →

Posted in AML, Money laundering | Tagged , , , , , , , | 1 Comment

No, no, no to UWO, UWO, UWO

Posted on April 29, 2020 by

Most of us in the world of AML have welcomed the advent of the Unexplained Wealth Order – the court order introduced by the Criminal Finances Act 2017, which can be served to compel either a PEP or someone involved … Continue reading →

Posted in AML, Bribery and corruption, Money laundering | Tagged , , , , , , , , , , , , , , , , , | 2 Comments