? You’re getting a new job or being let go? I must have missed something upthread maybe?
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New job. I’m technically irreplaceable, but someone offered more money. Bad timing, all told.
Edit: I say irreplaceable, but that’s just by merit of the particular company whose arse I’m pulling out of the fire. Who’d have thought that an anti-money laundering SME with good excel would be so valuable to an established financial institution?
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Do you Brits have to implement the 6AMLD during the transition period?
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I work in Dublin, so yes.
Edit: as to the U.K., I imagine for the immediate period. I suspect the city will end up in a Swiss style situation before long. The Swiss, and I can verify this from experience, follow AMLD exactly to the point that they conflict with with Swiss banking secrecy laws.
Edit: there is one bank I dread dealing with, and only one, and it is JP Morgan Chase, they are the most abysmal bank to get anything out of.
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I suppose that the UK will commit to following it even after the transition period. Opposing it would be very bad optics.
I know. I’m just finishing up a whitepaper about the 6AMLD rollout that will circulate in a large corporation so I’ll add “T-nation forum” in the references (no one reads them anyway). If you find it, know that I’ve put it there.
Oh yes. Have they offered at any point to settle an invoice by using a check?
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Oh I wouldn’t begin to imagine the government’s mind on it. They’ll implement a version of it to be sure.
I shall be looking close for my citation! Edit: no joke, I can provide some experiential data if you need it, and would be happy to do so)
Don’t get me started on JPMC, they assume that their standards are perfect, so any other institution is inferior. I have been trying to get them to confirm or deny that they accept business from holders of bearer shares for MONTHS.
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No worries man, I got it covered. But thanks anyway!
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Off topic, but to give an example of how little regulations mean to the city of Wall Street, within 2 weeks of the Volcker rule being implemented, I know of one trader who had found a perfectly legal way of avoiding it.
Wall Street and the City contains the better part of the U.K. and USA’s brainpower. You can try to regulate them, but they’re way smarter and faster than the government is.
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Any time!
When the movie came out, this scene hit me right in the gut - when Quinto says “I was”. Glad I got out early.
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Seriously. Had I ended up - and I almost had - on a coveted trading desk position I’d probably would have developed a massive coke habit. All those I’ve worked with have and are now expats in various backwaters with swollen red faces.
At least now I’m helping people build houses and buildings. Existential crises are much less frequent this way.
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In fairness, back office work is the bane of such people. My job is to be the sun to their wax wings, at least I tell myself so.
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You are not mistaken, that is exactly right. Nobody knows exactly why, but we are seeing younger (sub 45) people with major strokes, clotting blood so bad at least in a couple case reports the nurse needed to push iv heparin in order to draw blood…yeah.
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The US one is a cup and handle with an unlimited upside potential…
Congrats on new opportunity.
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Quite true. Nothing like a performance incentive of 7-8 figures to motivate. And let’s be honest, the 4.0s at Wharton don’t go to Capitol Hill. They go to the Street.
And also, serious congrats on an upgrade in paycheck!!
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Good. The wording of your post concerned me and the fact that a family I work with just had a grandmother tell me she was being outsourced after 30 years with a company. Mind was headed to the worse.
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Freakin heparin. I was getting a couple of shots of that every day in my belly skin. After like 5 days it looked like a big purple belt all the way around my abdomen.
Works though. I’m here to complain about it! 
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Don’t worry. That’ll never stop Americans from seeking regulations that will hurt everyone not in that category.
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And we’re all better for it!
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