Tag Archives: suspicion

Loving laundering

Posted on February 14, 2018 by

As you tuck into that heart-shaped box of chocolates and gaze at the dozens of red roses currently scenting your surroundings, spare a thought for the victims of romance fraudsters.  I have written about these poor people – poor in … Continue reading →

Posted in Fraud, Money laundering, Organised crime | Tagged , , , , , , | 2 Comments

A rap on the online knuckles

Posted on January 8, 2018 by

AML regulation of the gambling sector in the UK is complicated; even I (writing as an AML obsessive) am sometimes confused about who is in and who is out.  However, one sector that is most definitely in is online gambling, … Continue reading →

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

The UK’s reporting report card

Posted on November 6, 2017 by

Well, we in the UK are streets ahead of our EU neighbours in one regard at least: the number of SARs we submit to our FIU.  At the start of September, Europol published a report entitled “From Suspicion to Action: … Continue reading →

Posted in AML, Legislation | Tagged , , , , , , , , | 3 Comments

What’s in a name?

Posted on October 27, 2017 by

Name changes are a tricky thing.  Remember when Royal Mail decided to call itself Consignia?  That lasted for about a year until it was quietly shelved.  (Mind you, Brad’s Drink was renamed Pepsi-Cola in 1898, and that seems to have … Continue reading →

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

Plea for proof

Posted on October 13, 2017 by

Over two decades of AML training, I have heard many questions over and over again.  I don’t mind this at all, and I like to think that I have refined my answers so that they are more succinct and helpful.  … Continue reading →

Posted in AML, Due diligence, Regulation | Tagged , , , , | 4 Comments

Gamekeeper turned poacher

Posted on October 9, 2017 by

Last week my husband and I were on one of those long car journeys when you discuss all sorts of crazy things just to keep the boredom at bay.  We were talking about careers and whether we would choose the … Continue reading →

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

Miffed at MiFID II

Posted on October 4, 2017 by

Fifty-two.  That’s how many triple packs of Jaffa Cakes I could have bought with the £138 I have just had to shell out to buy an LEI for my company.  That’s a Legal Entity Identifier: a 20-digit identifying number required … Continue reading →

Posted in Due diligence, Legislation | Tagged , , , , , | Leave a comment

In the penalty box

Posted on September 11, 2017 by

What is it about football and money laundering?  I don’t mean the obvious sort – buying football clubs and trading players as a front for moving criminal money around – but rather what makes footballers and manager so susceptible to … Continue reading →

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

Some are more equal than others

Posted on August 9, 2017 by

The connection between PEPs [politically exposed persons] and money laundering is recognised: with access to public influence and public money, these individuals in positions of high public service can fall prey to their baser desires and start feathering their private … Continue reading →

Posted in AML, Money laundering | Tagged , , , , , , , , , | 2 Comments

The law of the wild

Posted on July 26, 2017 by

In a quest to find a country that is still outward-looking and welcoming, I am going to have a look at Canada this summer.  Although I will still be keeping a weather eye on all things AML, please note that … Continue reading →

Posted in AML, Due diligence, Money laundering | Tagged , , , , , , , , , , | 3 Comments