Tag Archives: non-executive directors

Thoroughly Modern Piggies

So tell me: what did you do this weekend?  Sit in the garden?  Sail to France?  Slap a few prawns on the barbie?  I did none of these: instead, I sat at my desk, surrounded by the new Money Laundering, … Continue reading

Posted in AML, Legislation, Money laundering, Publications | Tagged , , , , , , , | 10 Comments

Panama: a drop in the ocean

So the Panama Papers are Out There.  Hands up who has gone into the database and searched on their own name….  Of course I did, with such an unusual name – not that I have ever done anything myself, you … Continue reading

Posted in AML, Bribery and corruption, Due diligence, Money laundering | Tagged , , , , , , , , , | 4 Comments

Piggy popularity

Yesterday I made an astonishing discovery: if you go to the Amazon UK website and just type “money laundering” (without inverted commas) in the Search box, one of my piggy books is the very first listed item!  (Amazon is the ultimate … Continue reading

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A regime of responsibilities

On 7 July, the Financial Conduct Authority issued its final rules on the Senior Managers Regime (I long to put an apostrophe in there, but the regulator has decreed it apostrophe-free, and I’m nothing if not obedient to regulatory decree) … Continue reading

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Leave it out

I’ve been mulling over this new register of persons with significant control, of which full details are given in Schedule 3 to the Small Business, Enterprise and Employment Act 2015.  With regard to the register, and to quote from the Act, “the … Continue reading

Posted in AML, Due diligence, Legislation | Tagged , , , , , | 4 Comments

Taking the register

Last week I mentioned that the UK now has a new Small Business, Enterprise and Employment Act 2015, which is coming into force in stages.  It’s a little way off yet, but with all eyes firmly on the inevitable approach of … Continue reading

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The fairer sex

And in this context, “fairer” might just mean more honest and less corrupt.  In a recent index published by an American provider of, well, indices, it was revealed that companies with a higher-than-average proportion of women on the board are … Continue reading

Posted in Bribery and corruption, Due diligence | Tagged , , , , , , , | 6 Comments

And definitely do not collect £200

So now we have a date: the UK’s new Senior Managers’ Regime will come into force by 7 March 2016.  It is part of an attempt to strengthen accountability in banking (no need to explain why this might be necessary) … Continue reading

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The piggy popularity poll

As we approach the end of the year, I always take the time to review my year – specifically, which of my projects and initiatives have worked, and which have not.  This year, for instance, my workshops for experienced MLROs … Continue reading

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NED and board

A few weeks ago I wrote a post about the new Senior Managers Regime, being proposed by the UK’s Prudential Regulation Authority and Financial Conduct Authority to “clarify the lines of responsibility at the top of banks, enhance the regulators’ … Continue reading

Posted in AML, Due diligence | Tagged , , , , | 4 Comments