Tag Archives: publications

A piggy new year to everyone

Welcome back, one and all.  Well, wasn’t that an exciting festive period?  Just as I was undoing the top button on my skirt, ready to launch into the yard of Jaffa Cakes that my husband (he knows me so well) … Continue reading

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

Vote early, vote often

Thank goodness it’s nearly over: I don’t think I can take much more politicking this year.  Regular readers will know that I loathe, detest and despair at the idea of our leaving the EU and I have voted (postally) accordingly.  … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , , , , , , , | 4 Comments

Making AML count

One of the most common requests I hear when designing AML training for clients is for case studies (which I have blogged about recently) and for “lessons learned”.  Alongside this, we have regulators regularly reminding us that their final notices … Continue reading

Posted in AML, Money laundering, Publications | Tagged , , , , , , , , , , , | 5 Comments

Copyright or copy wrong?

As an author, I am rather keen on the concept of copyright – the noun first being used in, we are told, 1729 to mean “the exclusive right to make and sell copies of an intellectual production”.  But I will … Continue reading

Posted in AML, Due diligence, General thoughts | Tagged , , , , , , , , | 11 Comments

A case in point

I’m ba-ack!  So let’s leap straight in with a complaint.  As every MLRO knows, nothing enlivens an AML training session like a story – known officially as a case study.  At the moment, staff are lapping up details of “the £16 … Continue reading

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

Words speaking louder than actions

Now I know it’s important to Think Big – to have goals and targets and ambition.  But you can take it too far.  And I rather think that in their recent “Economic Crime Plan 2019-2022” the joint forces of HMG … Continue reading

Posted in AML, Fraud, Money laundering, Organised crime, Publications | Tagged , , , , , , , , , , , , | Leave a comment

So near and yet so far

At the end of June 2019, the UK’s Gambling Commission – one of our five-star AML regulators, getting top marks from users for both approachability and communication – published its 2018 money laundering and terrorist financing risk assessment.  This examines … Continue reading

Posted in AML, Money laundering, Publications, Regulation | Tagged , , , , , , , , , , | Leave a comment

FATF 1, EU 0

The Fourth Money Laundering Directive brought us many delights, including Article 9: “Third-country jurisdictions which have strategic deficiencies in their national AML/CFT regimes that pose significant threats to the financial system of the Union (‘high-risk third countries’) shall be identified … Continue reading

Posted in AML, Legislation, Money laundering | Tagged , , , , , , , , , , , , | 5 Comments

On their own authority

Over a two-decade career in AML, one of the things I have noticed is the “normalisation” of the terms “money laundering” and “AML”.  When I first started out, I had to explain to everyone non-finance-y what money laundering was and … Continue reading

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

Report from the frontline

It may surprise you to hear that when I was a teenager I wanted to be, no, not a model or an air hostess (as they were called in the dim and distant 1980s) or even an AML specialist, but … Continue reading

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