Tag Archives: supervision

Too much of a bad thing

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 , , , , , , , , , , , , | 7 Comments

Cleaning house for estate agents

Just to raise the tone of this blog a little, I’d like to start today with a quotation from Voltaire’s 1759 satirical novel “Candide”: “Dans ce pays-ci, il est bon de tuer de temps en temps un amiral pour encourager les … Continue reading

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

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

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

Posted in AML, Due diligence, Supervision | Tagged , , , , | Leave a comment

The spirit is willing but the risk is too great

At a recent training session, when I was explaining the mechanics of Hawala banking, someone asked, “Why don’t we just make it part of the AML regulations?”.  Well.  Quite.  I had gone through the usual stuff about alternative remittance systems … Continue reading

Posted in AML, Legislation, Regulation, Supervision | Tagged , , , , , , , | Leave a comment