Tag Archives: organised crime

The dawning of reality

When I read this story, I had to check the date and make sure that it wasn’t April Fools’ Day, but no, it seems that it’s on the level.  A large Irish law firm called Matheson has launched a phone … Continue reading

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Brains as well as brawn

Maybe it’s because it sounds like complaint, but I often encounter the assumption that people who work in compliance are dreary, dull fellows, nit-picking and carping for a living, finding fault in other people’s work and lives, and generally being … Continue reading

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The conviction that keeps on giving

It’s an old joke – “I’ve been married for twenty years; you get less for murder” – but in the UK, at least, that’s true.  According to reputable research, the average sentence for a murderer in the UK is sixteen … Continue reading

Posted in AML, Money laundering, White collar crime | Tagged , , , , , , , , , | 10 Comments

A bum note

It’s on its way out, that banknote of choice for the money laundering fraternity: on 4 May 2016 the European Central Bank announced that it will stop issuing the €500 note at the end of 2018, “taking into account concerns … Continue reading

Posted in Money laundering, Terrorist financing | Tagged , , , , , , | 9 Comments

Nasty things indeed

Today I received a fabulous email.  It came to my work email address – no surprise there, as this is plastered all over this blog and my website and so is easily harvested – and makes reference to a password … Continue reading

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

Operational concerns

It’s the silly season for news (although with Trump and Brexit, it’s hard to tell the difference) so here’s my contribution.  I was paging through the latest annual report from the National Crime Agency, released on 20 July, and I … Continue reading

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

Minnows and whales

At the end of June 2018, the Attorney General of British Columbia held a press conference to launch a report into his province’s gambling industry and its possible facilitation of money laundering.  Any uncertainty on the matter was removed pretty … Continue reading

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The back of beyond

When delivering AML training I like to include what clients often call “case studies”, but which are really just stories about how money laundering can happen.  The temptation is to focus on the big stories – the corrupt PEPs and … Continue reading

Posted in AML, Money laundering, Organised crime | Tagged , , , , , , | 3 Comments

KISS

Those of us who do AML for a living can sometimes focus on the big stories – the laundering of billions by corrupt PEPs, the emptying of state coffers by oligarchs, the earning of untold wealth by drug barons.  But … Continue reading

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Even better than Willy Wonka’s Golden Tickets

I’m off on hols to Sri Lanka on Wednesday.  Go on, check out the weather forecast for Galle, and then weep with envy – we’re talking 30˚ and wall-to-wall sunshine.  To secure my week in the sun, I had to … Continue reading

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , , | 8 Comments