Tag Archives: PEP

Now and forever

Posted on June 12, 2017 by

As regular readers will know, I have a great fondness for Guernsey.  It has a mild climate, lovely scenery, excellent food – and a rather admirable AML regime.  (That last bit doesn’t make it into the VisitGuernsey brochures or telly … Continue reading →

Posted in AML, Due diligence, Legislation | Tagged , , , , , , , , | 9 Comments

From little acorns

Posted on June 2, 2017 by

I work regularly in the UK and four UK-related jurisdictions, and for those five I take pains to learn their AML legislation, regulation and guidance.  When it comes to the other jurisdictions of the world and their AML regimes, I … Continue reading →

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

Adiós a la Cara de Piña

Posted on May 30, 2017 by

Panama has been in the news recently for its Papers, but long before then we had Noriega (or “Old Pineapple Face”, as his braver countrymen called him – behind his back, of course).  Indeed, when I started out as a … Continue reading →

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

PEP promises

Posted on March 29, 2017 by

My short AML survey is still live (until 31 March 2017) so please do have a go if you haven’t yet: https://www.surveymonkey.co.uk/r/VM62T6K A few days ago I mentioned that I have responded to a consultation on draft new money laundering regulations … Continue reading →

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

Wishing you a speedy recovery

Posted on March 10, 2017 by

I have been working in Jersey this week, and at the start of the week it was announced that Jersey has undertaken to return to Kenya over £3 million of stolen assets, in an agreement signed by the Jersey Chief … Continue reading →

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

Don’t do as I do

Posted on February 15, 2017 by

It will not surprise you to learn that I am no fan of Donald Trump; I think he is ill-informed, unprepared, tactless, uncontrolled and just plain nasty – and that’s on a good day.  But there’s not much I can … Continue reading →

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

When legislation lets you down

Posted on January 13, 2017 by

For a couple of years I have been tracking the fortunes of “Les W”.  The Wildensteins are one of the highest-profile families in France; Wildenstein & Co was one of the most successful and influential art dealerships of the last … Continue reading →

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

Anna Karenina and the assault rifle

Posted on November 16, 2016 by

PEPs = high risk = EDD.  But why?  The short answer is corruption: anyone with access to public influence and/or public money will be a target for criminals who want to gain that access for themselves.  Of course, the majority … Continue reading →

Posted in AML, Bribery and corruption | Tagged , , , , , , , | 4 Comments

The luxury of dithering

Posted on August 16, 2016 by

So here I am, back from my summer writing retreat, and normal blogging has resumed.  It was quite a relief to be out of the country – in Switzerland, to be precise – and get away from all the Brexit … Continue reading →

Posted in AML, Legislation, Uncategorized | Tagged , , , , , , , , , | Leave a comment

No more honours, Your Honour

Posted on July 20, 2016 by

Financial crime is not only bad for your sense of honour – it is bad for your honours.  American financier Allen Stanford, you will recall, was sentenced to 110 years in prison for running a Ponzi scheme so massive and … Continue reading →

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