Tag Archives: source of wealth

The devil in the detail

I had an interesting phone call with a compliance officer the other day – she will recognise herself in this description.  We were talking about a possible suspicion, and I was impressed by both her attention to detail and her … Continue reading

Posted in AML, Money laundering | Tagged , , , , , , , , | 1 Comment

Source for the goose

I am about to shut down for a fortnight’s holiday – my next blog post will be on Monday 18 June – but I thought I would like to leave you with a clever idea to mull.  No, it’s not … Continue reading

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , , , | 4 Comments

Anna Karenina and the assault rifle

PEPs = high risk = EDD.  But why?  The short answer is corruption: anyone with access to public influence and/or public money will be a target for criminals who want to gain that access for themselves.  Of course, the majority … Continue reading

Posted in AML, Bribery and corruption | Tagged , , , , , , , | 4 Comments

The test of time

During some AML training last week, someone asked me a question that I am regularly asked, and – despite this (you’d think I’d learn) – I still don’t have a good answer to it.  In short, they wanted to know … Continue reading

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , , , | 12 Comments