Tag Archives: Proceeds of Crime Act

Once more with conviction

Posted on October 31, 2018 by Susan Grossey author

Every few months I indulge myself in a little daydream of doing a PhD in criminology. Like all good daydreams, it’s rich in lovely feelings – imagine sitting in the library all day, thinking deep thoughts about money laundering, breaking … Continue reading →

Posted in AML, Money laundering | Tagged AML, due diligence, financial crime, government, legislation, money laundering, proceeds of crime, Proceeds of Crime Act, research, Solicitor-General | 1 Comment

A welcome mat for money launderers

Posted on August 30, 2016 by Susan Grossey author

For some months, a Home Affairs Select Committee of the UK parliament, under the chairmanship of Keith Vaz MP, has been taking evidence about the effectiveness of the UK’s proceeds of crime regime. It has not been a happy story, … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, asset forfeiture, due diligence, financial crime, government, legislation, proceeds of crime, Proceeds of Crime Act, SARs | 1 Comment

Back to laundering basics

Posted on November 20, 2015 by Susan Grossey author

Just to give you a breather after that last post, which taxed your brain cells, this time I am looking at the other end of the spectrum. I was watching “Look East” a few days ago, which is our local … Continue reading →

Posted in Money laundering | Tagged asset forfeiture, financial crime, money laundering, National Crime Agency, proceeds of crime, Proceeds of Crime Act | 5 Comments

Taxing tax evasion

Posted on November 17, 2015 by Susan Grossey author

In this post we are getting right down to what a French friend of mine once called “the nitties and the gritties”, so thinking caps on, please. An MLRO has written to me with a vexing conundrum around consent concerning … Continue reading →

Posted in AML, Money laundering | Tagged consent, due diligence, financial crime, legislation, MLRO, proceeds of crime, Proceeds of Crime Act, suspicion, tax evasion | 10 Comments

Agents of doom and disrepute

Posted on July 14, 2015 by Susan Grossey author

I’ve just watched a Channel 4 documentary called “From Russia with Cash”. The premise is that two investigators go undercover as Russian PEP Boris and his ditsy girlfriend Nastya, and trip around the swankier parts of London looking at five … Continue reading →

Posted in AML, Bribery and corruption, Money laundering | Tagged AML, corruption, due diligence, estate agent, financial crime, legislation, ML Regulations, money laundering, Money Laundering Regulations, PEP, proceeds of crime, Proceeds of Crime Act | 6 Comments

Cakes and liability

Posted on June 1, 2015 by Susan Grossey author

Apart from it being the first day of summer (and it’s still perishing), today heralds the coming into force of the part of the Serious Crime Act 2015 which amends section 338 of the Proceeds of Crime Act. (I know, … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged disclosure, due diligence, financial crime, National Crime Agency, proceeds of crime, Proceeds of Crime Act, SARs, suspicion | 2 Comments

PoCA always knocks twice

Posted on April 9, 2015 by Susan Grossey author

A couple of weeks ago someone sent me a link to a heart-warming story of corruption, money laundering and revenge. Back in 2005, Sharon Millard of Wolverhampton was sent to prison for six months after being found guilty of laundering … Continue reading →

Posted in Legislation, Money laundering | Tagged confiscation, financial crime, legislation, money laundering, proceeds of crime, Proceeds of Crime Act | Leave a comment

One for all and all for one

Posted on February 2, 2015 by Susan Grossey author

The concept of “joint enterprise” has been in the news again recently, this time because in December 2014 the Justice Committee (which examines the expenditure, administration and policy of the UK’s Ministry of Justice and its associated public bodies) announced that, … Continue reading →