Tag Archives: suspicion

More haste, less progress

Posted on May 15, 2017 by

I’m one of those annoying people who take deadlines really, really seriously.  Last year I accidentally prepared two tax returns because I did the first one so far in advance of the deadline that I clean forgot that I had … Continue reading →

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Idling in neutral

Posted on February 24, 2017 by

One of the difficulties of running a specialist, one-person business is providing relevant training for the staff – i.e. me.  If an AML conference looks particularly ground-breaking I will sign up, but many of them go over (what is to … Continue reading →

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Do as I say

Posted on February 20, 2017 by

I’m going to do to you what is often done to me: I am going to tell you my own anti AML story.  Actually, it’s an anti anti AML story – you’ll see. In deference to the diktats of the … Continue reading →

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Artful dodges?

Posted on February 1, 2017 by

I have written before about the potential for money laundering presented by the art world.  Of course, I know this in theory only: I have never once been the customer of an art auction house.  (I spent some childhood years … Continue reading →

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It pays to check

Posted on November 30, 2016 by

Last week I watched a programme called “What Britain Earns with Mary Portas”.  Although the title suggests that this was a limited look at the earnings of people who are in business with Mary Portas, it was in fact a … Continue reading →

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Please hold – for six months

Posted on October 28, 2016 by

The Criminal Finances Bill is out, described in the Home Office press release as “legislation to tackle money laundering and corruption, recover the proceeds of crime and counter terrorist financing”.  When it was at the consultation stage, I responded – … Continue reading →

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Ignorance is the worst defence

Posted on October 24, 2016 by

In Hong Kong recently, an Indonesian domestic worker who allowed a friend to use her bank account to deposit the proceeds from a loan-sharking business (which charged interest rates of 1,000%) was jailed for money laundering.  At her trial, Ms … Continue reading →

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ID and me

Posted on October 10, 2016 by

I’ve just been on holiday to Italy, where – in common with many EU and other countries – it is compulsory to carry photographic ID at all times.  The only photo ID I have is my passport; my driving licence … Continue reading →

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

Making a money laundering ass of yourself

Posted on September 7, 2016 by

It will come as no surprise at all to you to learn that I am the Neighbourhood Watch co-ordinator for my little street in Cambridge – the Neighbourhood Witch, as my husband likes to call me.  (Don’t worry: he pays … Continue reading →

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A matter of administration

Posted on August 12, 2016 by

Recently I watched the film “The Fifth Estate”, about WikiLeaks and Julian Assange – and, along the way, also about the nature of privacy, the meaning of security and the impact of hypocrisy.  The Panama Papers have raised similar issues, … Continue reading →

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