The Dark Money Files

Day three of the Big Compliance Festival was all about fraud. Compliance is seldom considered thrilling or exciting, but fraud is the only element about which movies are made. All three presentations were excellent. Actually, that’s a guess. I have, as yet, only watched two. The third is on my to-do list. One presentation inContinue reading “The Dark Money Files”

HMRC MSB Review

More properly, the title is; ‘HM Revenue and Customs AML/CTF Thematic Review of anti-money laundering compliance in the Money Service Business. The report in itself is worth reading, but my interest was piqued by the following; ‘Due to concerns that MSBs may be easily abused by criminals and terrorist financiers, some banks have withdrawn servicesContinue reading “HMRC MSB Review”

Sorry, we are closing your account.

I came across this article the other day. It is by Scott Paul who works for Oxfam. Oxfam on Derisking It is well worth a read. In case you are pressed for time – I have copied one paragraph below. Though banks should make individualized assessments of the risks their clients present, governments are primarilyContinue reading “Sorry, we are closing your account.”