Tag Archives: RUSI

Regrets, I’ve had a few – well, OK, one

Posted on December 22, 2021 by Susan Grossey author

As I bring down the curtain on my AML life, I am reflecting in this penultimate post on what I have achieved, the direction my career has taken, and any opportunities missed. To be honest – and this might come … Continue reading →

Posted in Uncategorized | Tagged AML, communication, financial crime, guidance, JMLIT, legislation, MLRO, money laundering, RUSI, training | 8 Comments

Desperately seeking Regulations

Posted on November 25, 2020 by Susan Grossey author

* Alert! This is a long, ranty post – you may need a Jaffa Cake or two to stay the course…* I’m quite bright. Not “University Challenge” winning team bright, but I have a couple of degrees, I can sometimes … Continue reading →

Posted in Uncategorized | Tagged AML, Brexit, equivalence, European Union, Fifth Money Laundering Directive, legislation, money laundering, Money Laundering Regulations, RUSI, Sixth Money Laundering Directive, third country, white collar crime | 9 Comments

A sprinkling of SAR-dust

Posted on June 17, 2020 by Susan Grossey author

There is regularly – and quite rightly – a fair amount of soul-searching about the SARs regime. Does it shift the burden of investigation from law enforcement to the financial sector? Does it cost much more than it saves? Are … Continue reading →

Posted in AML, Money laundering | Tagged AML, Bank Secrecy Act, communication, disclosure, due diligence, FATF, financial crime, FinCEN, FIU, fraud, organised crime, proceeds of crime, RUSI, SARs, suspicion, suspicious activity report | Leave a comment

Looking to the post-pandemic future

Posted on April 1, 2020 by Susan Grossey author

I’m not going to attempt to foretell the impact that the current pandemic will have on our financial systems or on financial crime – there are many people much better qualified than I to do that. For instance, the tip-top … Continue reading →

Posted in AML, Money laundering, Organised crime | Tagged AML, Bright Line Law, due diligence, financial crime, FIU, legislation, money laundering, organised crime, proceeds of crime, research, risk assessment, risk-based approach, RUSI, suspicion | 11 Comments

Making AML count

Posted on November 27, 2019 by Susan Grossey author

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 AML, communication, FATF, Financial Action Task Force, financial crime, government, legislation, organised crime, proceeds of crime, publications, research, RUSI | 5 Comments

RUSI and the red team

Posted on August 14, 2019 by Susan Grossey author

Regular readers will know how I love “crisp” writing: writing that is clear, well-structured, unambiguous and just that little bit elegant. (Compare and contrast with most of the hurried, rambling and frankly inaccurate drivel that appears online these days.) Two … Continue reading →

Posted in AML, Money laundering, Publications | Tagged AML, communication, financial crime, government, Law Society, money laundering, organised crime, proceeds of crime, Royal United Services Institute, RUSI, training | Leave a comment

Too much of a bad thing

Posted on April 3, 2019 by Susan Grossey author

Please may I distract you from the festering plague sore that is Brexit by drawing your attention instead to something we Brits do rather well, which is AML supervision. In fact we’re so good at this that we have dozens … Continue reading →

Posted in AML, Money laundering, Supervision | Tagged AML, due diligence, FCA, Financial Action Task Force, financial crime, Gambling Commission, government, HMRC, legislation, money laundering, OPBAS, RUSI, supervision | 9 Comments

Cleaning house

Posted on February 27, 2019 by Susan Grossey author

Last week I attended an event at the elegant Whitehall premises of RUSI at which they launched “No Rest for the Wicked”, their report into what the UK’s next steps should be, now that we have (to quote the modest … Continue reading →