Tag Archives: PEP

PEP promises

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

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

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

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

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

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

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

Bad little bywords

Thank heavens for alliteration, I say.  In today’s crowded, tweeting, 24-hour news world, we don’t have to say “the leak of eleven million documents from the offices of law firm Mossack Fonseca”, but instead can save valuable milliseconds by referring … Continue reading

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

The deals from the bus

I have been away for a week in rural Suffolk; we stayed in a house built in 1460, and the whole county lives in about 1950, so we had no phone reception, no Internet access and therefore *gasp* no way … Continue reading

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

When one egg is never un oeuf

Corruption has been much on my mind lately, not least because of the (fairly) recent publication of the Transparency International Corruption Perceptions Index 2015.  I’ve been talking about corruption in training sessions, and musing on the accelerating levels of corruption … Continue reading

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