Tag Archives: risk

A superabundance of supervisors

With all eyes on the Fourth Money Laundering Directive, I will confess that I had lost track of the UK’s AML/CFT National Risk Assessment – and then it appeared last week.  There’s plenty of meat in it and it’s perfectly … Continue reading

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The risk of compassion

I have just finished reading a book called “A Long Walk Home”, which is an account by Englishwoman Judith Tebbutt of her ordeal of being kidnapped by Somali pirates who killed her husband and then held her at various locations … Continue reading

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An ugly new word: de-risking

Over the past few years, we in AML have grown used to new terms.  We’ve learnt to leave behind KYC, and concentrate instead on CDD, to replace STRs with SARs.  While taking on board the risk-based approach (another new term), … Continue reading

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Coming thick and fast

Double-edged sword.  Poisoned chalice.  Sting in the tail.  Yes, it’s time to talk again about the risk-based approach.  With the advent of the RBA (see how chummy we are now, the RBA and I) we welcomed the idea of being … Continue reading

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