Tag Archives: tax avoidance

If money laundering were legal…

Posted on July 21, 2021 by Susan Grossey author

Well, I’m back, having spent a week in the Suffolk countryside, which encourages a slowing of the pace and a contemplating of the navel. Just before I went away, a fellow AML enthusiast called Dev Odedra posed this question in … Continue reading →

Posted in Uncategorized | Tagged AML, due diligence, financial crime, legislation, MLRO, money laundering, proceeds of crime, tax avoidance, tax efficiency, tax evasion | 7 Comments

Going to pot

Posted on June 27, 2018 by Susan Grossey author

There is much in the news at the moment about marijuana – legalisation, therapeutic benefits, different strains (Tom Cruise Purple, or Sour Diesel, anyone?). I have never come within puff of any drug, as I grew up in Singapore where … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, banking, California, marijuana, money laundering, Tax, tax avoidance | 3 Comments

Paradise polluted

Posted on November 20, 2017 by Susan Grossey author

Last week I went to a new gathering of people (oh, go on, you forced it out of me: I’ve joined the Women’s Institute) and when they asked what I do and I gave the potted description, several of them … Continue reading →

Posted in AML, Legislation, Tax | Tagged AML, due diligence, financial crime, government, legislation, Paradise Papers, proceeds of crime, tax avoidance, tax evasion | 9 Comments

Territorial sensibilities

Posted on February 26, 2015 by Susan Grossey author

I work regularly in five jurisdictions: the UK, Guernsey, Jersey, the Isle of Man and Gibraltar. Now let’s get technical. The Bailiwick of Guernsey (actually five islands) and the Bailiwick of Jersey are jointly the Channel Islands. The Channel Islands … Continue reading →

Posted in Money laundering | Tagged Gibraltar, Guernsey, Isle of Man, Jersey, money laundering, offshore, proceeds of crime, tax avoidance, training | 2 Comments

Out and proud: I’m AML and pro-tax

Posted on February 23, 2015 by Susan Grossey author

For years, tax has been AML’s dirty little secret. Many’s the time an MLRO has taken me to one side just before a training session and asked, “Could you just mention, you know, just in passing, *whisper* tax to them – … Continue reading →

Posted in AML, Money laundering | Tagged AML, due diligence, financial crime, government, money laundering, proceeds of crime, tax avoidance, tax evasion, white collar crime | 7 Comments

Only the little companies pay taxes

Posted on January 2, 2013 by Susan Grossey author

(With apologies to Leona Helmsley, your favourite late billionairess and mine.) As we emerge from the annual season of excess and wait with terror for our January credit card bills, thoughts will inevitably turn to self-denial, austerity and belt-tightening (both … Continue reading →

Posted in Money laundering, Tax | Tagged corruption, disclosure, due diligence, financial crime, government, money laundering, organised crime, proceeds of crime, tax avoidance, tax evasion, white collar crime | 2 Comments

A taxing check-in experience

Posted on November 5, 2012 by Susan Grossey author

At the risk of opening a very vermian can, I have been thinking a lot this week about tax avoidance. Yes: avoidance rather than (or, more realistically, as well as) evasion. It all started last Monday when I was in … Continue reading →