Tag Archives: regulation

A new chapter for financial crime

Posted on July 7, 2021 by Susan Grossey author

When you live in a country with a Prime Minister who is alleged to have said in April 2021 that he would rather see “bodies pile high in their thousands” than order a third lockdown, and who now confirms that “we … Continue reading →

Posted in Uncategorized | Tagged abuse, AML, Chancellor, corruption, financial crime, fraud, HM Treasury, HMG, MLRO, money laundering, regulation, risk-based approach | Leave a comment

Heading for the exit

Posted on January 22, 2020 by Susan Grossey author

One of my great ambitions – which I achieved for a short while in one jurisdiction – is to facilitate communication and foster understanding between the three sides of the AML triangle: regulator, law enforcement and industry. Now, that’s a … Continue reading →

Posted in AML, Money laundering, Regulation | Tagged bank, fiduciary, Guernsey, Guernsey Financial Services Commission, law enforcement, MLCO, MLRO, money laundering, Money Laundering Compliance Officer, Money Laundering Reporting Officer, regulation, regulator, training | 4 Comments

Vote early, vote often

Posted on December 4, 2019 by Susan Grossey author

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 AML, communication, corruption, cybercrime, financial crime, government, legislation, modern slavery, money laundering, people trafficking, publications, regulation, slavery, tax evasion | 4 Comments

The sands of time

Posted on April 16, 2018 by Susan Grossey author

I know everyone laughs about jargon – business bingo, anyone? – but I think we’re all guilty of it to some extent. I know I expect everyone to understand me when I talk about AML, MLROs and the regulated sector, … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, European Commission, FCA, Financial Conduct Authority, government, legislation, money laundering, regulation, research, sandbox | 8 Comments

Do unto others

Posted on December 13, 2017 by Susan Grossey author

The Guernsey Financial Services Commission has been rather busy recently, what with working away on revised AML/CFT legislation and guidance, and now putting out a pair of publications to explain why and how they regulate the Bailiwick’s financial services sector. In … Continue reading →

Posted in AML, Due diligence, Legislation, Money laundering | Tagged AML, communication, due diligence, financial crime, GFSC, Guernsey Financial Services Commission, money laundering, regulation, regulator, risk-based approach | 2 Comments

Outside the tent

Posted on September 25, 2017 by Susan Grossey author

Regulation has been on my mind lately – and doubly so since the decision last Friday by Transport for London not to renew the private hire licence for “ride-hailing app firm” Uber. Not that I’m affected personally – I’ve never … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, Bitcoin, due diligence, financial crime, legislation, ML Regulations, money laundering, organised crime, proceeds of crime, regulation, regulator | Leave a comment

A call to arms

Posted on September 20, 2017 by Susan Grossey author

I’ve been in two minds whether or not to do this blog post, as I don’t want to upset anyone, and I can’t think of a particularly clever way to disguise who I am talking about. Let’s just say that … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, communication, due diligence, financial crime, government, guidance, legislation, MLRO, money laundering, proceeds of crime, regulation | 1 Comment

Liestrong – compliance lessons from the peloton

Posted on February 7, 2013 by Susan Grossey author

There can be few of you who don’t know that I am mad about cycling. It started out as a devious plot, to convince the chap I fancied (now husband) that I was really interested in his hobby, and then … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged AML, communication, disclosure, due diligence, financial crime, legislation, ML Regulations, money laundering, organised crime, proceeds of crime, regulation, training | 3 Comments

We’re all in this together – aren’t we…?

Posted on July 6, 2012 by Susan Grossey author

A few days ago I gave a presentation to the Jersey Compliance Officers’ Association (thank you for inviting me) and as I looked around the room, I was delighted to see so many young faces. I’m not suggesting there’s been … Continue reading →