Tag Archives: suspicion

The dawning of reality

Posted on October 17, 2018 by

When I read this story, I had to check the date and make sure that it wasn’t April Fools’ Day, but no, it seems that it’s on the level.  A large Irish law firm called Matheson has launched a phone … Continue reading →

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The devil in the detail

Posted on October 8, 2018 by

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

The bank of äiti ja isä

Posted on September 28, 2018 by

I have written before about money laundering staying in the family but it is usually only the adults who are involved.  A recent Finnish case has trodden new ground, with the conviction of a young man – sixteen at the … Continue reading →

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

Is that wig made of wool or wolf?

Posted on September 24, 2018 by

A phrase I use quite often in training is, “You’d think so, wouldn’t you?”.  As in, “If the payment is coming to us from another regulated bank, won’t they have done all the checks?”  Or, “Given that CDD checks have … Continue reading →

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

White collar crime

Posted on September 14, 2018 by

I’m back from my hols and – as promised – I did not succumb to the flattering blandishments of Karen Pierce, UN Officer, but rather immersed myself in history and gelato in Naples and then on the island of Ischia.  … Continue reading →

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

All hail to the cheat

Posted on July 16, 2018 by

Continuing my theme of topical posts, today I thought I would spend a few minutes thinking about Donald Trump – the man an American friend refers to as the Cheeto-in-Chief (a wonderful pun on both his approach to things and … Continue reading →

Posted in AML, Bribery and corruption, Money laundering | Tagged , , , , , , , , , , | 3 Comments

Unsung heroes

Posted on May 14, 2018 by

My busiest jurisdiction – despite my post a few days ago – is Guernsey.  Working for Guernsey clients takes up about 60% of my time, and thanks to the approachability of their FIU (and in the past – but sadly … Continue reading →

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

Confession is good for the soul

Posted on May 9, 2018 by

Today’s question: in what way is an AML trainer like a Catholic priest?  Let me set the scene (which I shall keep deliberately vague, for reasons that shall become obvious).  Some time ago I was invited in to see a … Continue reading →

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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