Tag Archives: NCA

Blind faith

Posted on July 2, 2018 by

The term “professional enabler” has a menacing tone to it, I always think.  We started hearing it back in 2014, when the UK’s National Crime Agency, in its “High End Money Laundering Strategy and Action Plan”, observed this: “The ability … Continue reading →

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

The UK’s reporting report card

Posted on November 6, 2017 by

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 , , , , , , , , | 3 Comments

What’s in a name?

Posted on October 27, 2017 by

Name changes are a tricky thing.  Remember when Royal Mail decided to call itself Consignia?  That lasted for about a year until it was quietly shelved.  (Mind you, Brad’s Drink was renamed Pepsi-Cola in 1898, and that seems to have … Continue reading →

Posted in Due diligence, Legislation, Money laundering | Tagged , , , , , , , , , | 4 Comments

Paying the piper

Posted on November 25, 2016 by

On 16 November 2016, the UK government’s Home Affairs Select Committee concluded its examination of the UK’s proceeds of crime regime by publishing the government response to the fifth report of the committee in the form of an appendix to … Continue reading →

Posted in AML, Money laundering | Tagged , , , , , , | Leave a comment

Please hold – for six months

Posted on October 28, 2016 by

The Criminal Finances Bill is out, described in the Home Office press release as “legislation to tackle money laundering and corruption, recover the proceeds of crime and counter terrorist financing”.  When it was at the consultation stage, I responded – … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , , | 5 Comments

Most wanted

Posted on March 17, 2015 by

I’m not allowed to watch “Crimewatch”; my husband says that what with the money laundering and the magistracy and the financial crime fiction, I’m too obsessed with crime as it is.  He has a point.  But when he’s away, I … Continue reading →

Posted in Due diligence, Money laundering, Organised crime | Tagged , , , , , , , , , , , | 5 Comments

SARs as information-sharing triggers?

Posted on February 18, 2015 by

Earlier this week, the head of the National Crime Agency, Keith Bristow, announced that his agency had entered into an information-sharing agreement with the ten largest British banks.  I have tried without success to find an official press release on … Continue reading →

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

Not nice people at all

Posted on September 29, 2014 by

I am not good with violence – certainly not dishing it out, but not even watching it.  I nearly keeled over into my popcorn during the chair-whipping scene in “Casino Royale”; after all, I had grown up with Bond films where … Continue reading →

Posted in Money laundering, Organised crime | Tagged , , , , , , , | 5 Comments

NCA gets tough on consent

Posted on September 11, 2014 by

Because I am such a structured sort of person myself (big excitement last week, for instance, when the 2015 wall planner went up), I very much like the UK’s consent timetable.  That’s not what anyone else calls it, I daresay, … Continue reading →

Posted in Legislation, Money laundering | Tagged , , , , , , , , , | Leave a comment

So I’m not wasting my time

Posted on May 2, 2014 by

As you may have gathered, I’m rather keen on the old AML malarkey.  I was very , very lucky to stumble into it – having scraped through all my numerical exams by sheer bloody-mindedness, I would never have chosen or … Continue reading →

Posted in AML, Money laundering | Tagged , , , , , , , , , , , | 6 Comments