Hello, and welcome to episode 93 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It is yet another busy week for financial crime. A range of stories across the whole of financial crime, with sanctions, fraud, and money laundering all vying for top spot. Also this week, Transparency International has published its annual Corruption Perceptions Index. We’ll also review this week’s cyber-attack news, with a huge story out of the US. Lots to get into, so let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: British and Irish Legal Information Institute, R v Gross [2024] EWCA Crim 21.Council of the European Union, Russia’s war of aggression against Ukraine: Council renews economic sanctions for a further 6 months.Council of the European Union, Cyber: Statement by the High Representative on behalf of the European Union, expressing solidarity with Australia on the impact of cyber-attacks against its health sector.Department of Justice, Three Individuals Charged for Roles in $1.89B Cryptocurrency Fraud Scheme.Elspeth Berry, Why We Still Don’t Know Who Controls British Firms, and Why it Matters (Oxford Business Law Blog).European Parliament, Anti-corruption: MEPs to push for stricter EU-wide measures and penalties.Financial Crimes Enforcement Network, FinCEN Finds Iraq-based Al-Huda Bank to be of Primary Money Laundering Concern and Proposes a Rule to Combat Terrorist Financing.Financial Crimes Enforcement Network, Proposal of Special Measure regarding Al-Huda Bank, as a Foreign Financial Institution of Primary Money Laundering Concern.FT Adviser, Financial data from 53mn individuals involved in data breaches.National Crime Agency, $150m cryptocurrency seizure following US-UK cooperation.National Crime Agency, SARs in Action (Issue 24).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Iran.Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK?Office of Financial Sanctions Implementation, Statutory guidance – Russia sanctions: guidance.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.Office of Financial Sanctions Implementation, Price Cap Coalition - Oil Price Cap (OPC) Compliance and Enforcement Alert.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Myanmar.Office of Foreign Assets Control, The United States and United Kingdom Target Iranian Transnational Assassinations Network.Office of Foreign Assets Control, U.S. Treasury Takes Action to Protect Iraqi Financial System From Abuse.Office of Foreign Assets Control, Treasury Designates ISIS Cyber Facilitators and Trainers.Office of Foreign Assets Control, Treasury Sanctions Military Cronies and Companies in Burma Three Years after Military Coup.Office of the New York State Attorney General, Attorney General James Sues Citibank for Failing to Protect and Reimburse Victims of Electronic Fraud.Securities and Exchange Commission, SEC Charges Founder of $1.7 Billion “HyperFund” Crypto Pyramid Scheme and Top Promoter with Fraud.Transparency International, CPI 2023: Corruption and (In)Justice (press release).Transparency International, Corruption Perceptions Index.United States District Court for the Southern District Of New York, THE PEOPLE OF THE STATE OF NEW YORK, by LETITIA JAMES, Attorney General of the State of New York v Citibank N.A.US Department of Justice, Lexington Woman Sentenced for Wire Fraud and Money Laundering Related to COVID-19 Relief.US Department of Justice, U.S. Government Disrupts Botnet People’s Republic of China Used to Conceal Hacking of Critical Infrastructure.

Hello, and welcome to episode 92 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It is yet another busy week for financial crime. There is news of co-ordinated action against a Russian cyber-criminal by the Australian, US, and UK authorities. On money laundering, there has been a range of updates to the law in the UK, and we end this week with a range of cyber-attack news stories. Lots to get into, so let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Centre for Research on Energy and Clean Air, Insuring an invasion: UK insures EUR 46.4 bn Russian oil since sanctions.Council of the European Union, Sudan: Council adds six entities to EU sanctions list.Department for Science, Innovation and Technology, Business leaders urged to toughen up cyber attack protections (press release).Department for Science, Innovation and Technology, Cyber Governance Code of Practice: call for views.Europol, Three arrested for exporting military goods to Russia.Foreign, Commonwealth & Development Office, UK, US and Australia sanction key figures in Hamas’s financial network.HM Treasury, Guidance: Money Laundering Advisory Notice: High Risk Third Countries.Institute of International Finance and Deloitte, Global financial crime prevention, detection and mitigation: Building on progress, addressing evolving priorities and achieving effective outcomes.National Crime Agency, UK warns of criminal sanctions evasion through artwork storage facilities (press release).National Crime Agency, Amber ALERT: Financial Sanctions Evasion, Money Laundering & Cultural Property Trafficking Through the Art Storage Sector.National Cyber Security Centre, Cyber Essentials: are there any alternative standards? (Blog post).National Cyber Security Centre, Global ransomware threat expected to rise with AI, NCSC warns (press release).National Cyber Security Centre, Report: The near-term impact of AI on the cyber threat.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Counter-Terrorism (International).Office of Financial Sanctions Implementation, Who is subject to financial sanctions in the UK?Office of Financial Sanctions Implementation, Financial Sanctions Notice: Cyber.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Yemen.Office of Financial Sanctions Implementation, Financial sanctions: Cyber.Office of Foreign Assets Control, U.S., UK, and Australia Target Additional Hamas Financial Networks and Facilitators of Virtual Currency Transfers.Office of Foreign Assets Control, United States, Australia, and the United Kingdom Sanction Russian Cyber Actor Responsible for the Medibank Hack.Peter Hain, Bring looters to justice with an International Anti-Corruption Court.UK Legislation, The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations 2024 SI No 69.US Department of State, Terrorist Designation of the Houthis.US Department of State, Executive Order 13224.Vatican, Procedura in materia di segnalazioni ai sensi dell’art. 7 dello Statuto dell’Ufficio del Revisore Generale, 24.01.2024.

Hello, and welcome to episode 91 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. A busy week for all principal aeras of financial crime. The institutions of the European Union have issued updated guidelines and reached agreement on new laws respecting anti-money laundering and countering the financing of terrorism. From the US, more Covid-19 fraud and convictions for insider dealing relating to the development of Covid-19 drugs, and plenty on cyber-attacks, including the publication of Allianz’s annual risk barometer. Lots to get into, so let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Allianz, Allianz Risk Barometer 2024 – Rank 1: Cyber incidents.Council of the European Union, EU terrorist list: Council lists one individual in response to the 7 October attacks in Israel.Council of the European Union, Fight against terrorism: Council adds an individual to its autonomous sanctions list against ISIL(Da'esh) and Al-Qaida.Council of the European Union, Anti-money laundering: Council and Parliament strike deal on stricter rules.European Banking Authority, Final Report: Guidelines amending Guidelines EBA/2021/02 on customer due diligence and the factors credit and financial institutions should consider when assessing the money laundering and terrorist financing risk associated with individual business relationships and occasional transactions (‘The ML/TF Risk Factors Guidelines’) under Articles 17 and 18(4) of Directive (EU) 2015/849.European Central Bank, One step ahead: protecting the cyber resilience of financial infrastructures.Export Control Joint Unit, Notice: NTE 2024/02: General Trade Licence Russia Sanctions – Vessels.Federal Bureau of Investigation, How the FBI is Combating COVID-19 Related Fraud.Financial Crimes Enforcement Network, FinCEN Issues Analysis of Identity-Related Suspicious Activity (press release).Financial Crimes Enforcement Network, Financial Trend Analysis – Identity-Related Suspicious Activity: 2021 Threats and Trends Report.JD Supra, Safeguarding Your Loved Ones: Top Five Measures to Protect Against Elder Fraud and Abuse.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Bosnia and Herzegovina.Office of Foreign Assets Control, Treasury Targets Commodity Shipments Financing Iran’s Qods Force and Houthis.The Guardian, ‘A 22-carat disaster’: what next for British Library staff and users after data theft?Transparency International, EU Reaches Deal on Anti-Money Laundering Rules, Ending Uncertainty about how Watchdogs will Access Information on Companies’ Real Owners.UK judgments, Phillips v The Secretary of State for Foreign, Commonwealth and Development Affairs [2024] EWHC 32 (Admin).United Nations, Casinos and cryptocurrency: major drivers of money laundering, underground banking, and cyberfraud in East and Southeast Asia (press release).United Nations, Casinos, Money Laundering, Underground Banking, and Transnational Organized Crime in East and Southeast Asia: A Hidden and Accelerating Threat.US Department of Justice, Exporter sentenced to prison for shipping heavy equipment to Iran in violation of U.S. sanctions.US Department of Justice, Spring Valley Man Sentenced to One Year and One Day in Prison for $1.6 Million COVID-19 Fraud Scheme.US Department of Justice, Former Pfizer Employee Convicted at Trial of Insider Trading.US Department of State, Imposing Sanctions on Former Guatemalan Official for Corruption.US Department of the Treasury, Treasury Targets Price Cap Violation-Linked Shipping Company.US Department of the Treasury, Treasury Sanctions Former Guatemalan Official for Engaging in Mining-related Corruption.US Government Accountability Office, The Effectiveness of Economic Sanctions At Risk from Digital Asset Growth (blog post).US Government Accountability Office, Economic Sanctions: Agency Efforts Help Mitigate Some of the Risks Posed by Digital Assets.Verafin, 2024: Global Financial Crime Report.

Hello, and welcome to episode 90 of the Financial Crime Weekly Podcast, which is the first of 2024, I’m Chris Kirkbride. A nice easy start to the year for this one. Too much unhealthy speculation, so let’s just stick to the facts. Presumably the year will start to warm up from next week. As usual, I have linked the main stories flagged in the podcast in the description. These are: Council of the European Union, Russian war of aggression against Ukraine: Council adds 1 person and 1 entity to EU sanctions list.Gambling Commission, £6m fine for online operator Gamesys.Gambling Commission, Gamesys Operations Limited: Notice.Home Office, Guidance on money laundering reporting obligations in relation to the DAML exemption provisions introduced by the Economic Crime and Corporate Transparency Act 2023.Lieber Institute: West Point, Recapping “Cyber in War: Lessons from the Russia-Ukraine Conflict”.Office of Financial Sanctions Implementation, Financial Sanctions Notice: ISIL (Da’esh) and Al-Qaida.Office of Financial Sanctions Implementation, Financial Sanctions Notice: ISIL (Da’esh) and Al-Qaida.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Democratic People’s Republic of Korea.Office of Financial Sanctions Implementation, Who is subject to financial sanctions in the UK? (Consolidated List).UK Parliament, Treatment of Politically Exposed Persons under the Money Laundering Regulations, Statement made on 14 December 2023, Statement UIN HLWS129 (Baroness Vere of Norbiton).UK Parliament, Treatment of Politically Exposed Persons under the Money Laundering Regulations, Statement made on 14 December 2023, Statement UIN HCWS134 (Bin Afolami).US Department of Justice, Charlotte Man Is Sentenced To 10 Years In Prison For COVID-19 Fraud, Drug Distribution, And Illegal Firearms Possession.US Department of Justice, Chicago Man Sentenced to Five and a Half Years in Federal Prison for $2.9 Million Covid-Relief Fraud.US Department of Justice, eBay Inc. to Pay $3 Million in Connection with Corporate Cyberstalking Campaign Targeting Massachusetts Couple.

Hello, and welcome to episode 89 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It’s yet another busy week of financial crime news, so I’m just going to get on with it. As usual, I have linked the main stories flagged in the podcast in the description. These are: AUSTRAC, Top tips for completing your 2023 compliance report.Commodity Futures Trading Commission, Federal Court Enters Order Against Binance and Former CEO, Zhao, Concluding CFTC Enforcement Action.Council of Europe, New ISBN Publication - Means To Counter Education Fraud - Etined Volume 7.Council of Europe, Means To Counter Education Fraud: Legislation, practices and instruments: Volume 7.Council of the European Union, Anti-money laundering: Council and Parliament agree on procedure to select seat for new authority.Department of Justice, Former Special Agent In Charge Of The New York FBI Counterintelligence Division Sentenced To 50 Months In Prison For Conspiring To Violate U.S. Sanctions On Russia.Department of Justice, Metro-Atlanta man pleads guilty to money laundering of COVID-19 unemployment funds.Department of Justice, Dallas County individuals indicted in investment fraud and money laundering scheme.Department of Justice, United Kingdom Citizen Extradited to Face Charges in $99 Million Wine Fraud.Department of Justice, Seven Individuals Indicted on Fraud and Money Laundering Charges Relating to International Lottery Scam Targeting Elderly.Department of Justice, Justice Department Announces Crackdown on Networks That Steal Money from Consumer Accounts and Use Fraudulent “Microtransactions” to Hide the Activity from Banks.Department of Justice, Manvel resident charged for creating fake businesses to obtain COVID-19 funds.Department of Justice, Man Charged for $2M COVID-19 Relief Fraud Scheme.Department of the Treasury, Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson at Bank Roundtable in Mumbai, India.European Commission, EU adopts 12th package of sanctions against Russia for its continued illegal war against Ukraine.European Council, Russia's war of aggression against Ukraine: EU adopts 12th package of economic and individual sanctions.Europol, IOCTA – Online Fraud Schemes: A Web of Deceit.Financial Crimes Enforcement Network, Beneficial Ownership Information Access and Safeguards.Insolvency Service, Couple sentenced for abusing Covid loan then dissolving their company.Insolvency Service, Annual Report and Accounts 2022-2023.Interpol, USD 300 million seized and 3,500 suspects arrested in international financial crime operation.Office of Financial Sanctions Implementation, Financial Sanctions Notice (Iran).Office of Financial Sanctions Implementation, Financial Sanctions Notice (Russia).Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK?Office of Financial Sanctions Implementation, General Licences.Office of Financial Sanctions Implementation, OFSI Publishes Details of Frozen Asset Reporting for Financial Year 2022-23.Office of Financial Sanctions Implementation, Guidance: Russian Oil Services ban.Office of Financial Sanctions Implementation, Financial Sanctions Notice (Russia).Office of Financial Sanctions Implementation, Updates to Correspondent Banking Restrictions (blog post).Office of Financial Sanctions Implementation, UK Financial Sanctions: General guidance for financial sanctions under the Sanctions and Anti-Money Laundering Act 2018.Office of Financial Sanctions Implementation, Russia Guidance: Guidance for the financial and investment restrictions in Russia (Sanctions) (EU Exit) Regulations 2019.Office of Financial Sanctions Implementation, OFSI enforcement and monetary penalties for breaches of financial sanctions: Guidance.Office of Financial Sanctions Implementation, General Licence – Continuation of Business of Evraz plc’s North American Subsidiaries (INT/2022/1710676).Office of Foreign Assets Control, Treasury Sanctions Human Smuggling and Drug Trafficking Organization Operating on Southwest Border.Office of Foreign Assets Control, Treasury Tightens the Price Cap with New Sanctions and Updated Guidance.Payment Systems Regulator, PSR continues to take bold action on APP fraud as it publishes final reimbursement details ahead of 2024 implementation.Securities and Exchange Commission, SEC Charges Former CEO of Medical Device Startup Stimwave with $41 Million Fraud.UK Judgments, Ames v Rex (Serious Fraud Office) [2023] EWCA Crim 1463.UK Judgments, Eurasian Natural Resources Corporation Limited v Dechert LLP, David Neil Gerrard, and The Director of the Serious Fraud Office [2023] EWHC 3280.UK legislation, Russia (Sanctions) (EU Exit) (Amendment) (No 5) Regulations 2023 (SI 2023/1367).UK legislation, The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2023 (SI 2023/1364).United Nations, ‘Illegal betting is the number one factor fuelling corruption in sports’, UN conference hears.Wilmer Hale, Congress Enacts the Foreign Extortion Prevention Act Targeting Foreign Officials’ Conduct. 

Hello, and welcome to episode 88 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It’s yet another busy week of financial crime news, so I’m just going to get on with it. As usual, I have linked the main stories flagged in the podcast in the description. These are: Baker & McKenzie, UK government announces creation of specialist enforcement unit for trade sanctions.Council of Europe, Evaluation Report: United States of America.Council of the European Union, Anti-money laundering: Council and Parliament agree to create new authority.Courts and Tribunals Judiciary, Speech by HHJ Pelling KC: Issues in Crypto Currency Claims.Department for Business and Trade, New unit to crack down on firms dodging Russian sanctions.Department of Justice, Commodities Trading Company Agrees to Pay Over $98M to Resolve Foreign Bribery Case.Europol, EUR 5.5 million frozen in anti-corruption investigations across Europe.Europol, Early Warning Notification: The Use of Bluetooth trackers for geolocation in organised crime.Foreign, Commonwealth & Development Office, New Iranian sanction regime comes in to force.Home Office, Serious and organised crime strategy 2023 to 2028.Interpol, INTERPOL Secretary General welcomes G7 commitments on transnational organized crime.Joint Committee on the National Security Strategy, A hostage to fortune: ransomware and UK national security – Report Summary.Ministry of Justice, Ministry of Justice Cyber Security Strategy: 2023 to 2028.National Audit Office, Financial services regulation: Adapting to change (press release).National Audit Office, Financial services regulation: Adapting to change (report).National Crime Agency, National Crime Agency calls on parents to help young people recognise the signs of money muling.National Crime Agency, SARs in Action: Issue 23.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Haiti.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Counter-Terrorism (International).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Iran.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.Office of Financial Sanctions Implementation, Consolidation List.Office of Financial Sanctions Implementation, OFSI Annual Review 2022 to 2023: Strengthening our Sanctions.Office of Foreign Assets Control, Transnational Criminal Organizations Designations; Counter Terrorism Designation; Iran-related Designation.Ro Khanna, Release: Ro Khanna Introduces A New Political Reform And Anti-corruption Plan To Clean Up Corruption In Washington.Ro Khanna, Expressing support for a comprehensive political reform plan.UK Legislation, Crime and Courts Act (section five).UK Legislation, The National Crime Agency (Directed Tasking) Order 2023.US Department of State, Promoting Accountability in Support of the 75th Anniversary of the Universal Declaration of Human Rights.US Department of State, Taking Additional Sweeping Measures Against Russia.US Department of Justice, Leader of $6.8 Million Pandemic Fraud Scheme Pleads Guilty to Wire Fraud and Money Laundering Charges.US Department of Justice, Justice Department Announces Distribution of Over $158.9M to Nearly 25,000 Victims of Madoff Ponzi Scheme.US Department of Justice, Albany Man Pleads Guilty to Pandemic Relief Fraud.US Department of Justice, Two Men Charged for Operating $25M Cryptocurrency Ponzi Scheme.US Department of the Treasury, Treasury Designates Perpetrators of Human Rights Abuse and Commemorates the 75th Anniversary of the Universal Declaration of Human Rights.US Department of the Treasury, Testimony of Assistant Secretary for Terrorist Financing and Financial Crimes Before the Committee on Financial Services Subcommittee On Oversight And Investigations, U.S. House.YouTube, The Interview: Baroness Mone and the PPE Scandal.

Hello, and welcome to episode 87 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. Now, I thought previous weeks had been busy and that things would ease down as we got deeper into December, but it is almost as if things are sent deliberately to try us, for this has been a massive week for financial crime. Get set for the longest episode ever, with all aspects of financial crime pumping out stories. As usual, I have linked the main stories flagged in the podcast in the description. These are: Aviva, One in five businesses have been victims of cyber attack in the last year.Competition and Markets Authority, CMA cracks down on more supermarket land agreements to protect shoppers.Council of the European Union, EU Global Human Rights Sanctions Regime: restrictive measures prolonged.Crown Prosecution Service, Shropshire man jailed for £1.9 m cheque fraud after plea agreement.Crown Prosecution Service, First ever CPS deferred prosecution agreement for £615 million.Crown Prosecution Service, Entain DPA and court summary judgment.Department of Justice, Baton Rouge Woman Sentenced to 48 Months in Federal Prison for Defrauding the PPP and EIDL Loan Programs and Laundering the Fraudulent Proceeds.Department of Justice, Man Charged in $148M Medicare and Medicaid Fraud Scheme.Department of Justice, Doctor Charged in $14M Medicare and TRICARE Fraud Scheme.Department of Justice, Five persons sentenced to federal prison in international drug and money laundering operation.Drepartment of Justice, Swiss Private Bank, Banque Pictet, Admits to Conspiring with U.S. Taxpayers to Hide Assets and Income in Offshore Accounts.Department of Justice, Former IRS Employee Pleads Guilty to Money Laundering in Connection with COVID-19 Fraud.Department of Justice, Founder and Majority Owner of Cryptocurrency Exchange Pleads Guilty to Unlicensed Money Transmitting.Department of Justice, Former City Commissioner Sentenced for Role in Bribery Conspiracy.Department of State, Designation of North Macedonia Public Official Kocho Angjushev for Significant Corruption.Department of State, U.S. Department of State Announces Reward Offer for Information Leading to the Arrest and/or Conviction of Russian National Accused of Sanctions Evasion.Department of the Treasury, Treasury Sanctions Former Guatemalan Government Official for Engaging in Public Corruption.Department of the Treasury, Treasury Targets DPRK’s International Agents and Illicit Cyber Intrusion Group.European Parliament, Protection of EU funds: EU should do more to detect, prevent and recover frauds.European Payments Council, Yearly update of the “Payment Threats and Fraud Trends Report”.Europol, 11 olive oil counterfeiters arrested following Operation OPSON.Europol, Paper trail ends in jail time for 1,013 money mules.Financial Conduct Authority, FCA commences criminal proceedings against brothers for insider dealing and fraud.Financial Transactions and Reports Analysis Centre of Canada, FINTRAC imposes an administrative monetary penalty on the Royal Bank of Canada.Gambling Commission, New online confidential reporting service launched.HM Treasury, Guidance: HM Treasury Advisory Notice: High Risk Third Countries.Insolvency Service, London-based builder sentenced for Covid loan abuse.Institute of Chartered Accountants in England and Wales, Why fighting corruption is key to good governance.International Monetary Fund, 2023 Review of The Fund’s Anti-Money Laundering and Combating The Financing of Terrorism Strategy.International Monetary Fund, Financial Crimes Hurt Economies and Must be Better Understood and Curbed.International Regulatory Strategy Group, Anti-money laundering and beneficial ownership.National Crime Agency, Red ALERT: Exporting High Risk Goods.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (06/12/2023).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Belarus (06/12/2023).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Cyber.Office of Financial Sanctions Implementation, Guidance: Financial sanctions, Cyber.Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK?Office of Financial Sanctions Implementation, General Licence: Payments to Local Authorities INT/2023/3781228.Office of the Comptroller of the Currency, Semiannual Risk Perspective for Fall 2023.Royal Canadian Mounted Police, Money laundering through cryptocurrency uncovered in RCMP’s Project Decrypt.Securities and Exchange Commission, SEC Charges Five Unregistered Brokers, Four Companies in Widespread Pre-IPO Fraud Scheme.Serious Fraud Office, SFO launches criminal investigation into global aviation supplier with dawn raid in London.Spotlight on Corruption, Regulating the accountancy profession for money laundering – is business as usual working?The Guardian, More than 870 Australian federal public servants acted corruptly over six years, investigation finds.Transparency International, How Enablers Facilitate Illicit Financial Flows: Evidence from Africa.Treasury Select Committee, Letter from FCA to Treasury Select Committee concerning Blackmore mini-bonds.UK government, UK exposes attempted Russian cyber interference in politics and democratic processes.UK government, World first agreement to tackle online fraud.UK government, Online Fraud Charter.UK legislation, The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No. 2) Regulations 2023 SI No 1306.US Immigration and Customs Enforcement, Texas man who created fake church to fraudulently obtain fake car, COVID-19 loans sentenced to over 8 years in prison.

Hello, and welcome to episode 86 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It has been another bumper week for financial crime news again this week. It’s becoming a little silly now. Stories across every aspect of financial crime, so let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Ankura Consulting Group LLC, UK: The CurrentEconomic Climate - A Golden Age For Fraud?Council of the European Union, Humanitarianaction: EU introduces further exceptions to sanctions to facilitate thedelivery of assistance.Crown Prosecution Service, Oxbridge fraudstergets another eight-years in jail for failing to pay back £2.7m court order.Department of Justice, United KingdomNational Pleads Guilty to Hacking, Securities Fraud, and other Cybercrimes.Department of State, The United Statesand North Macedonia: A NATO Ally and Strategic Partner in the Balkans.Entain plc, Update on DeferredProsecution Agreement.European Banking Authority, The EBA consultson new Guidelines on preventing the abuse of funds and certain crypto-assetstransfers for money laundering and terrorist financing purposes.European Banking Authority, EBA issuesguidance to AML/CFT supervisors of CASPs.European Banking Authority, Final Report:Guidelines amending Guidelines EBA/GL/2021/16 on the characteristics of arisk-based approach to anti‐money laundering and terrorist financingsupervision, and the steps to be taken when conducting supervision on arisk‐sensitive basis under Article 48(10) of Directive (EU) 2015/849 (TheRisk‐Based Supervision Guidelines).European Banking Authority, (Corrigendum)Final Report: Guidelines amending Guidelines EBA/GL/2021/16 on thecharacteristics of a risk-based approach to anti‐money laundering and terroristfinancing supervision, and the steps to be taken when conducting supervision ona risk‐sensitive basis under Article 48(10) of Directive (EU) 2015/849 (TheRisk‐Based Supervision Guidelines).Europol, Internationalcollaboration leads to dismantlement of ransomware group in Ukraine amidstongoing war.Griffore, K.A., Bowra, A., Guilcher, S.J. et al., Corruption risksin health procurement during the COVID-19 pandemic and anti-corruption,transparency and accountability (ACTA) mechanisms to reduce these risks: arapid review. Global Health 19, 91 (2023).International Consortium of Investigative Journalists, Cypriotauthorities face scrutiny over probe into Russian billionaire’s moves to dodgesanctions.Office of Financial Sanctions Implementation, General Licence –Correspondent Banking Payments INT/2023/3566356 (amendment).Office of Financial Sanctions Implementation, FinancialSanctions Notice: Iran (Nuclear).Office of Financial Sanctions Implementation, FinancialSanctions Notice: Libya.Office of Financial Sanctions Implementation, FinancialSanctions Notice: Russia.Office of Financial Sanctions Implementation, OFSI successfullydefends first Court Review.Office of Foreign Assets Control, Treasury SanctionsMixer Used by the DPRK to Launder Stolen Virtual Currency.Serious Fraud Office, SFO secures ninemonth sentence for solicitor who tipped off client about criminal investigation.Spotlight on Corruption, Submission to HMTreasury’s anti-money laundering consultation, September 2023.The Guardian, ‘This is whatsurvivors look like’: the romance fraud victims who want to help others.Transparency International, PoliticalCorruption in Europe: A Threat to More than Public Funds.US Department of Justice, PrincipalAssociate Deputy Attorney General Marshall Miller Delivers Remarks at the NewYork City Bar Association’s International White Collar Crime Symposium.

Hello, and welcometo episode 85 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It has been another bumper week for financial crime news again this week – a hat-trick of bumper weeks. Stories across every aspect of financial crime, so let’s crack on.As usual, I have linked the main stories flagged in the podcast in the description. These are: Australian government, 2023-2030Australian Cyber Security Strategy.European Central Bank, Interview withAnneli Tuominen, Member of the Supervisory Board of the ECB, conducted byTobias Fischer.Financial Action Task Force, Misuse ofCitizenship and Residency by Investment Programmes.Financial Conduct Authority, FCA censures NMCHealth Plc (in Administration) for market abuse (press release).Financial Conduct Authority, Final Notice: NMCHealth Plc (in Administration).Foreign and Commonwealth Development Office and Office of Financial Sanctions Implementation, Ownership andControl: Public Officials and Control guidance.International Monetary Fund, IMF ExecutiveBoard Completes the First Reviews Under the Extended Credit Facility andExtended Fund Facility Arrangements for Papua New Guinea.National Cyber Security Centre, UK and Republic ofKorea issue warning about DPRK state-linked cyber actors attacking softwaresupply chains.National Intelligence Service, ROK-UK Joint CyberSecurity Advisory (DPRK actors conduct S/W supply chain attacks).Securities and Exchange Commission, SEC Charges Kraken for Operating asan Unregistered Securities Exchange, Broker, Dealer, and Clearing Agency.SmartSearch, Sanctionsscreening by regulated firms plunges almost 50 per cent, reveals SmartSearchsurvey.UK government, UK and Republic ofKorea to enforce sanctions against North Korea through joint sea patrols (pressrelease).UK judgments, Litasco SA v DerMond Oil and Gas Africa SA [2023] EWHC 2866 (Comm).US Department of Justice, Monmouth CountyMan Convicted of Tax Evasion in Securities Fraud Scheme.US Department of Justice, Ex-Spouses PleadGuilty to Receiving and Laundering Money Stolen from Retirement and InvestmentAccounts.US Department of Justice, Pharmacy Ownersand Doctor Convicted for $145M Health Care Fraud, Money Laundering, and TaxEvasion Scheme.US Department of Justice, COVID-19 ReliefFraudster Convicted of Bank Fraud.US Department of Justice, Former GeneralMotors Manager Found Guilty of Conspiring to Receive Bribe from Foreign PartsSupplier Seeking Contract.US Department of Justice, BritishReinsurance Brokers Resolve Bribery Investigations.US Department of Justice, San Antonio ManIndicted for Defrauding Federal COVID-Era Programs.US Department ofJustice, Binance and CEOPlead Guilty to Federal Charges in $4B Resolution (press release).US Department ofJustice, Attorney GeneralMerrick B. Garland Delivers Remarks Announcing Binance and CEO Guilty Pleas toFederal Charges in $4B Resolution.US Department of Justice, Deputy AttorneyGeneral Lisa O. Monaco Delivers Remarks Announcing Binance and CEO Guilty Pleasto Federal Charges in $4B Resolution.US Department of Justice, United StatesFiles Forfeiture Action to Recover Cryptocurrency Traceable to Fraud Scheme.US Department of the Treasury, Remarks byAssistant Secretary Graham Steele at the Federal Insurance Office and NYU SternVolatility and Risk Institute Conference on Catastrophic Cyber Risk and aPotential Federal Insurance Response.US Department of the Treasury, U.S. TreasuryAnnounces Largest Settlements in History with World’s Largest Virtual CurrencyExchange Binance for Violations of U.S. Anti-Money Laundering and SanctionsLaws (press release).US Department of the Treasury, SettlementAgreement.US Department of the Treasury, EnforcementRelease (Binance).

Hello, and welcome to episode 84 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It has been a bumper week for financial crime news again this week. Stories across every aspect of financial crime, so let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Basel Committee on Banking Supervision, Basel Committeepublishes discussion paper on digital fraud (press release).Basel Committee on Banking Supervision, Digital fraud andbanking: supervisory and financial stability implications (Report).British Continuity Institute, Cyber attacks andsevere weather events dominate resilience experts’ risk landscapes for 2024.City of London Police, City of LondonPolice marks International Fraud Awareness Week by celebrating force’s topachievements of 2023.City of London Police, Ten arrested inpolice crackdown on commercial insurance fraud.Financial Action Task Force, Protectingnon-profits from abuse for terrorist financing through the risk-basedimplementation of revised FATF Recommendation 8.Financial Conduct Authority, Final Notice: MarkAnthony Jensen.Google Cloud, CybersecurityForecast 2024: Insights for future planning.Government Accountability Office, COVID-19: Insights from Fraud Schemes andFederal Response Efforts.Human Rights First, Report AssessesImpacts Of Magnitsky Sanctions (press release).Human Rights First, Magnitsky Month2023: Launch Event.Human Rights First, et al., EvaluatingTargeted Sanctions: A Flexible Framework for Impact Analysis November 2023.Metro Bank, FinancialStatement.National Crime Agency, SARs ReporterBooklet: November 2023.National Cyber Security Centre, NCSC warns ofenduring and significant threat to UK's critical infrastructure.National Cyber Security Centre, Annual Review 2023.Office of Financial Sanctions Implementation, General Licence –London Court of International Arbitration (LCIA) Arbitration CostsINT/2022/1552576.Office of Financial Sanctions Implementation, Details of GeneralLicences issued by OFSI.Office of Financial Sanctions Implementation, OFSI GeneralLicence - INT/2023/3749168.Office of Financial Sanctions Implementation, FinancialSanctions Notice: Counter-Terrorism (International).Office of Financial Sanctions Implementation, Guidance: The UKSanctions List.Office of Financial Sanctions Implementation, UK and US hitHamas leadership with targeted sanctions.Office of Financial Sanctions Implementation, FinancialSanctions Notice: Russia.Office of Financial Sanctions Implementation, FinancialSanctions Notice: Iran (Nuclear).Office of Financial Sanctions Implementation, One Year On: TheOFAC-OFSI Enhanced Partnership.Office of Financial Sanctions Implementation, FinancialSanctions Notice: ISIL (Da’esh) and Al-Qaida.Office of Financial Sanctions Implementation, Ownership andControl: Public Officials and Control guidance.Office of Foreign Assets Control, Treasury SanctionsAdditional Maritime Companies, Vessels Transporting Oil Sold Above theCoalition Price Cap.Public Sector Fraud Authority, Public SectorFraud Authority Annual Report 2022-2023.Serious Fraud Office, Serious FraudOffice launches investigation into suspected fraud at Axiom Ince with nineraids and seven arrests.Serious Fraud Office, SFO securesconviction of solicitor for tipping off client about money launderinginvestigation.TRACE, Bribery Risk Matrix.Transparency International, TowardTransparency in Britain's Offshore Financial Centres.UK Legislation, section 214, EconomicCrime and Corporate Transparency Act 2023.UK Legislation, The Economic Crimeand Corporate Transparency Act 2023 (Commencement No. 1) Regulations 2023 No.1206.US Department of Justice, Three Miamiresidents charged with COVID-19 pandemic relief fraud.US Department of Justice, Three ConstructionPlanning Firm Executives Charged with Bribing San Francisco Dept. of BuildingInspection Employees.US Department of Justice, Former NavyCivilian Employee and Defense Contractor Indicted in Bribery Scheme.US Department of Justice, Three Men ArrestedFor Complex Bank Fraud And Cryptocurrency Laundering Scheme.US Department of Justice, Criminal DefenseAttorney Pleads Guilty to Decade-Long Federal Court Bribery Scheme.US Department of State, CounteringCorruption and Russian Malign Influence in the Western Balkans.US Department of the Treasury, United States andUnited Kingdom Take Coordinated Action Against Hamas Leaders and Financiers.US Department of the Treasury, One Year On: TheOFAC-OFSI Enhanced Partnership.US Securities and Exchange Commission, SEC Announces Enforcement Resultsfor Fiscal Year 2023.

Hello, and welcome to episode 83 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It has been a bumper week for financial crime news again this week, with fraud and bribery and anti-corruption leading the way, but there are also stories concerning market abuse, sanctions, as well as the usual round-up of cyber-attack news, so let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Bank of England, Regulatory regime for systemic payment systems using stablecoins and related service providers.Bank of England and Financial Conduct Authority, FCA and Bank of England publish proposals for regulating stablecoins.Crown Prosecution Service, Five men sentenced for bribery and corruption that resulted in a loss of over £400,000.European Anti-Fraud Office, OLAF and EPPO investigate alleged fraud and money laundering in Romania.European Public Prosecutor’s Office, Keynote speech of European Chief Prosecutor Laura Kövesi at International Policy Forum.Financial Action Task Force, Illicit Financial Flows from Cyber-enabled Fraud.Financial Conduct Authority, Anti-fraud controls and complaint handling in firms (with a focus on APP Fraud).Financial Conduct Authority, Action Required: FCA Expectations for Wealth Management & Stockbroking Firms.Financial Conduct Authority, Discussion Paper DP23/4 - Regulating cryptoassets Phase 1: Stablecoins.Financial Conduct Authority, Crypto: The basics.Microsoft, A new world of security: Microsoft’s Secure Future Initiative.National Crime Agency, NCA warns of abuse of gold to evade sanctions.National Crime Agency, Red ALERT: Gold-based Financial and Trade Sanctions Circumvention.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.Office of Financial Sanctions Implementation, Who is subject to financial sanctions in the UK?Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.Office of Financial Sanctions Implementation, General Licence: Russian Travel INT/2022/1839676.Office of Financial Sanctions Implementation, OFSI General Licences: Details of General Licences issued by OFSI.Office for Information Security, Die Lage der IT-Sicherheit in Deutschland 2023.Transparency International, Report: EE Member States Need to Enhance their Whistleblower Protection Laws.UK Finance, Criminal Sentenced Following Over £2 Million Mandate Fraud Case.UK Finance, Organised Crime Group Sentenced Following Over £1 Million Conspiracy to Defraud.UK Government, UK cracks down on gold and oil networks propping up Russia’s war economy.UK Government, Joint statement on security, migration and transnational crime (press release).UK Government, Joint statement on enhancing cooperation in the field of internal security, migration and transnational crime.US Department of Justice, Former D.C. Government Employee Sentenced for Role in Bribery Schemes.US Department of Justice, Leader and Members of Moscow-Based Health Care Fraud and Money Laundering Conspiracy Charged in International Telemedicine Scheme.US Department of Justice, Five Indicted in Scheme to Fraudulently Obtain Bank and Small Business Administration Loans in Property Flipping Scheme.US Department of the State, Designating Russian Virtual Currency Money Launderer.US Department of the State, Designation of Kosovan Public Official Nexhat Krasniqi for Significant Corruption.US Department of the Treasury Office of Foreign Assets Control, Treasury Designates Virtual Currency Money Launderer for Russian Elites and Cybercriminals.

Hello, and welcome to episode 82 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It has been a bumper week for financial crime news again this week, with all areas competing to outperform one another in terms of producing the most volume of material. I think we should just crack on. Sooner we get started, the sooner we can all got on with our lives. As usual, I have linked the main stories flagged in the podcast in the description. These are: Counter Ransomware Initiative, CRI joint statement on ransomware payments.Financial Action Task Force, Public Consultation - FATF Risk-Based Guidance on Recommendation 25.Financial Conduct Authority, Financial regulator secures confiscation order against convicted CFO.Financial Action Task Force, Crowdfunding for Terrorism Financing: Report.HM Treasury, Future financial services regulatory regime for cryptoassets: Response to the consultation and call for evidence.National Cyber Security Centre, Glossary: A set of straightforward definitions for common cyber security terms used on the NCSC website.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Myanmar.Office of Foreign Assets Control, Treasury Hardens Sanctions With 130 New Russian Evasion and Military-Industrial Targets.Payment Systems Regulator, PSR publishes first APP scams performance report.UK Government, UK and international partners target Myanmar arms dealers and military financiers with new sanctions.UK Government, Speech: Security Minister speech on fraud and AI.US Department of Justice, Former Attorney Convicted of Bribery Scheme.US Department of Justice, Bank Insider Charged with Accepting Bribes to Facilitate Millions of Dollars of Money Laundering.US Department of State, Designation of Three Guatemalan Public Officials for Involvement in Significant Corruption.US Department of the Treasury, READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Visit to the United Kingdom.US Mission to International Organisations in Vienna, 20th Anniversary of UN Convention Against Corruption.World Economic Forum, Biggest-ever DDoS attack threatens companies worldwide, and other cybersecurity news to know this month.

Hello, and welcome to episode 81 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It has been a bumper week for financial crime news this week, with all areas competing to outperform one another in terms of producing the most volume of material. Leading the way in a fairly packed field are fraud and sanctions stories, but there is also a good deal of money laundering news, as well as a host of content on cyber-attacks. I guess it’s just been one of those weeks. Let’s pray that it all settles down next week. As usual, I have linked the main stories flagged in the podcast in the description. These are: Cabinet Office, Data Usage Agreement: National Fraud Initiative HMRC and local authority counter-fraud pilot.Committee on Ways and Means, Five Key Moments from Oversight Subcommittee Hearing on Pandemic Fraud.Department for Business and Trade, DBT response to the Post Office Horizon IT inquiry's first interim report: compensation.Department for Science, Innovation and Technology, Frontier AI: capabilities and risks – discussion paper.England and Wales High Court (Administrative Court) Decision, Fridman, R (On the Application Of) v HM Treasury [2023] EWHC 2657 (Admin) (26 October 2023).Federal Financial Supervisory Authority, Money laundering prevention: BaFin imposes administrative fines on Deutsche Bank AG.Federal Trade Commission, FTC Reports Outline Efforts to Combat Cross-Border Fraud and Ransomware Attacks.Financial Action Task Force, Japan's progress in strengthening measures to tackle money laundering and terrorist financing.Financial Action Task Force, Outcomes FATF Plenary, 25-27 October 2023.International Criminal Court, Measures taken following the unprecedented cyber-attack on the ICC.National Crime Agency, SARs in Action: Money Mules Special Edition.National Trading Standards, 19 million lose money to scams but fewer than a third report.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Haiti.Office of Financial Sanctions Implementation, Legal Services General Licence.Office of Financial Sanctions Implementation, Financial sanctions: Democratic Republic of the Congo.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Iran (Nuclear).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Iran (Nuclear).Office of Financial Sanctions Implementation, Understanding OFSI: An Introductory Webinar.Office of Financial Sanctions Implementation, Frozen Assets Reporting (2023).Office of Financial Sanctions Implementation, General Licence: Continuation of Business and Basic Needs for Telecommunications Services and News Media Services INT/2022/1875276.Office of Financial Sanctions Implementation, OFSI General Licence under the Russia Regulations and the Belarus Regulations INT/2023/3744968.Payment Systems Regulator, Publishing APP fraud data: A guide for PSPs.Serious Fraud Office, SFO completes £497.25m Deferred Prosecution Agreement with Rolls-Royce PLC.Solicitors Regulation Authority, DKLM LLP Decision Notice.UK Government, Robust new laws to fight corruption, money laundering and fraud (press release).UK Government, Government response to the Law Commission’s review of confiscation.UK Government, UK drives new international rules to claw back ill-gotten gains.UK Parliament, Economic Crime and Corporate Transparency Act 2023: Royal Assent.UK Statutes, Economic Crime and Corporate Transparency Act 2023.United Nations, Security Council 1533 Sanctions Committee Adds Two Entries to Its Sanctions List.US Department of Justice, Justice Department Files Civil Forfeiture Complaint Against $300 Million Superyacht.World Economic Forum, Internet companies tackle the biggest ever denial of service attack.

Hello, and welcome to episode 80 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. Sanctions and money laundering news take our focus this week, because there is not a lot of noise from the other typical areas of financial crime. Yes, there is a little on bribery and corruption, but even cyber-attack news is quiet this week. Still, that’s not stopped us before, and it is not about to stop us now. As usual, I have linked the main stories flagged in the podcast in the description. These are: Council on Foreign Relations, What Is the Iran Nuclear Deal?Financial Conduct Authority, Proceeds of fraud - Detecting and preventing money mules.Joint Money Laundering Steering Group, JMLSG publishes revisions to Paragraph 5.3.129A.Joint Money Laundering Steering Group, Paragraphs 5.3.129A-C.Law Society, HM Treasury review of the AML and CTF supervisory regime – Law Society response.Lloyd’s of London, Lloyd’s systemic risk scenario reveals global economy exposed to $3.5trn from major cyber attack.Office of Financial Sanctions Implementation, Financial Sanctions Notice (Iran Nuclear).Office of Foreign Sanctions Implementation, Financial Sanctions Notice (Iran Nuclear).Office of Financial Sanctions Implementation, Financial sanctions, Iran relating to nuclear weapons: Guidance.Office of Financial Sanctions Implementation, General Licence: Payments to Companies House INT/2023/3626884.Office of Financial Sanctions Implementation, Financial Sanctions Notice (Iran Nuclear).Office of Foreign Assests Control, Following Terrorist Attack on Israel, Treasury Sanctions Hamas Operatives and Financial Facilitators.Office of Foreign Assests Control, Treasury Sanctions Actors Supporting Iran’s Missile and UAV Programs.The Group of States against Corruption, Fifth Evaluation Round Second Compliance Report: Netherlands.Ukraine Anti-Corruption Court, The Anti-corruption Court Issued a Verdict in the Case of "Ukrtelefilm".US Department of the Treasury Financial Crimes Enforcement Network, Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern. 

Hello, and welcome to episode 79 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. Sanctions and fraud news take our focus this week, but the other areas of financial crime keep those areas ticking along nicely. We also take a look at this week’s cyber-attack news. As usual, I have linked the main stories flagged in the podcast in the description. These are: Criminal Cases Review Commission, Financial trader’s conviction referred to Court of Appeal.Crown Prosecution Service, Bernie Ecclestone convicted of fraud.Financial Conduct Authority, Cryptoasset AML / CTF regime: feedback on good and poor quality applications.Financial Conduct Authority, Whistleblowing quarterly data 2023 Q2.Financial Conduct Authority, Financial watchdog fines Equifax Ltd £11 million for role in one of the largest cyber-security breaches in history.Financial Conduct Authority, Final Notice: Equifax Ltd.Financial Conduct Authority, Restrictions placed on IBP Markets Limited and the firm enters special administration.Financial Conduct Authority, First Supervisory Notice: IBP Markets Limited.Financial Reporting Council, Sanctions against KPMG LLP, KPMG Audit plc and two former partners.Hiscox, Cyber Readiness Report 2023.Home Office, Independent Review of Disclosure and Fraud Offences: terms of reference.Institute of Chartered Accountants in England and Wales, The 21st-century evolution of cyber security.National Cyber Security Centre, Mastering your supply chain (blog post).New Zealand Supreme Court, David Charles Rae v Commissioner of New Zealand Police - SC 33/2023.Office of Financial Sanctions Implementation, General licence - INT/2023/3024200.Office of Financial Sanctions Implementation, General Licence INT/2022/2300292.Ogier, Employee Cyber Awareness Still A Major Concern - Make Sure Your Team Is On The Ball.Payment Systems Regulator, PSR responds to Which?, Age UK, National Trading Standards and Victim Support.UK Court Service, Boris Mints & Ors v PJSC National Bank Trust & Anor [2023] EWCA Civ 1132.US Bureau of Justice Statistics, Victims of Identity Theft, 2021.US Department of Justice, Deputy Attorney General Lisa O. Monaco Announces New Safe Harbor Policy for Voluntary Self-Disclosures Made in Connection with Mergers and Acquisitions.US Department of Justice, Acting Assistant Attorney General Nicole M. Argentieri Delivers Remarks at the American Bar Association 10th Annual London White Collar Crime Institute.US Department of Justice, Ten Individuals Charged for $950,000 COVID-19 Relief Fraud Schemes.US Department of Justice, Man Sentenced for Over $500,000 COVID-19 Relief Fraud and Money Laundering Scheme.US Department of the Treasury’s Office of Foreign Assets Control, Treasury Sanctions Entities for Transporting Oil Sold Above the Coalition Price Cap to Restrict Russia’s War Machine.War & Sanctions, Artworks owned by Roman Abramovich.

Hello, and welcome to episode 78 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. There is a good range of news across all the usual sectors this week, with money laundering and cyber-attack news at the head of queue. As usual, I have linked the main stories flagged in the podcast in the description. These are: Bar Council, Response to HM Treasury Consultation on reform of the AML and Counter-Terrorism Financing Supervisory Regime.European Parliament, Nagorno-Karabakh: MEPs demand review of EU relations with Azerbaijan (press release).Financial Conduct Authority, FCA fines ADM Investor Services International Limited £6,470,600 for serious financial crime control failings (press release).Financial Conduct Authority, ADM Investor Services International Limited: Final Notice.HM Treasury, Reforming anti-money laundering and counter-terrorism financing supervision (Closed Consultation).Group of States against Corruption of the Council of Europe, Evaluation Report: Cyprus.Information Commissioner’s Office, John Edwards' opening speech at DPPC 2023. Information Commissioner’s Office, ICO consultation on draft Data Protection Fining Guidance.Insolvency Service, Judge orders director of gift company to repay falsely-obtained Covid loan (press release).Insolvency Service, Official Receiver secures multimillion payout for scam victims (press release).Lieber Institute, Cyber Operations as Crimes at the International Criminal Court.Moody’s, Cyber Survey 2023.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Iraq (06/10/2023).Office of Financial Sanctions Implementation, Outreach Satisfaction Survey.Office of Financial Sanctions Implementation, General Licence: Payments to Companies House INT/2023/3626884.UK Finance, Fraud by Abuse of Position and Money Laundering.UK Foreign, Commonwealth, and Development Office and UK Delegation to OSCE, Corruption and Russia's war against Ukraine: UK statement to the OSCE.United Nations, Security Council 1518 Sanctions Committee Removes One Entry from Its Sanctions List (press release).US Department of Justice, Inkster Mayor Charged with Bribery.US Department of Justice, Ian Freeman Sentenced to 8 Years in Prison for Operating a Bitcoin Money Laundering Scheme.US Department of Justice, United States Attorney Martin Estrada Launches Corporate and Securities Fraud Strike Force.

Hello, and welcome to episode 77 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. Sanctions have taken a back seat this week, but plenty on fraud and money laundering to take up the slack. There’ll also be a round-up of the mass of cyber-attack news this week. As usual, I have linked the main stories flagged in the podcast in the description. These are: Criminal Cases Review Commission, Five more ex Post Office workers have convictions set aside.Financial Action Task Force, Anti-money laundering and counter-terrorist financing measures: Luxembourg Mutual Evaluation Report.House Oversight Committee (Cybersecurity, Information Technology, and Government Innovation and Economic Growth, Energy Policy, and Regulatory Affairs Joint Hearing), Combating Ransomware Attacks.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (27/09/2023).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (29/09/2023).Office of Financial Sanctions Implementation, Correspondent Banking Payments INT/2023/3566356.Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK? (updated).Reynolds Porter Chamberlain, Cybersecurity breaches at financial services firms more than trebles.Securities and Exchange Commission, SEC Charges Former Financial Industry Analyst and Three Others with Insider Trading.Serious Fraud Office, Nick Ephgrave QPM begins tenure as Director of the Serious Fraud Office.UK Government, UK announces new sanctions in response to Russian sham elections in Ukraine.US Department of Justice, Two Brothers Plead Guilty To COVID Relief Fraud.US Department of Justice, Five Cleveland-Area Men Sentenced to Imprisonment and Ordered to Pay Over $800,000 as part of a Pandemic Unemployment Assistance Fraud Scheme.US Department of Justice, Two Promoters Charged in Alleged Nationwide Illegal Abusive-Trust Tax Shelter Fraud Scheme.US Department of Justice, Former Employee of Two Leading Global Financial Institutions and his Associates Charged with Insider Trading.US Department of Justice, Albemarle to Pay Over $218M to Resolve Foreign Corrupt Practices Act Investigation.US Department of the Treasury, Office of Foreign Assets Control, OFAC Settles with 3M Company for $9,618,477 Related to Apparent Violations of the Iranian Transactions and Sanctions Regulations.US Department of the Treasury, Office of Foreign Assets Control, OFAC Settles with Emigrant Bank for $31,867.90 Related to Apparent Violations of the Iranian Transactions and Sanctions Regulations.US Department of the Treasury, Office of Foreign Assets Control, Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and 3M Company, and with Emigrant Bank (press release).US Securities and Exchange Commission, Deutsche Bank Subsidiary DWS to Pay $25 Million for Anti-Money Laundering Violations and Misstatements Regarding ESG Investments.US Securities and Exchange Commission, Albemarle Corp. to Pay SEC More Than $103 Million to Settle FCPA Violations.

Hello, and welcome to episode 76 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. Broad range of stories from across financial crime themes this week, as well as a round-up of cyber-attack news. As usual, I have linked the main stories flagged in the podcast in the description. These are: Cyber Security Agency of Singapore, Nationwide Cyber Crisis Management Exercise to Test 11 Critical Sector’s Response to Complex Cyber-attack Scenarios.Financial Action Task Force, FATF-INTERPOL Partnership: Igniting Global Change to Take the Profit Out of Crime.Gambling Commission, Lindar Media Limited faces £690,947 regulatory action (press release).Gambling Commission, Lindar Media Limited Public Statement.Government of Canada, Canadian Sanctions Related to Russia.Home Office, Unexplained wealth orders: 2022 to 2023 annual report.International Consortium of Investigative Journalists, Leak reveals majority interest in Roman Abramovich’s nearly $1 billion art collection was transferred to his ex-wife ahead of sanctions.Interpol, FATF-INTERPOL partnership: putting trillions in illicit profits back into legitimate economies.Joint Money Laundering Steering Group, Ministerial approval of JMLSG Guidance.National Crime Agency, New SAR-Portal User Feedback Form (downloads as Excel file).National Crime Agency, Failure to respond to Unexplained Wealth Order sets legal history.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (19/09/23).Office of Financial Sanctions Implementation, Financial Sanctions Notice: ISIL (Da’esh) and Al-Qaida (22/09/23).Office of Financial Sanctions Implementation, Guidance: The UK Sanctions List.Office of Financial Sanctions Implementation, General Licence: Payment to Water Companies for Water & Sewage INT/2023/3179120.Organised Crime and Corruption Reporting Project, Leak Unveils Russian Oligarch Abramovich’s $1 Billion Art Collection. Despite Sanctions, It Has Not Been Seized or Frozen.Spotlight on Corruption, The UK must up its game on asset recovery to tackle corruption and kleptocracy.Statista, The Most Prevalent Forms of Cyber Crime.UK Parliament, Science, Innovation and Technology Committee, Call for Evidence: Cyber resilience of the UK's critical national infrastructure.UK Supreme Court, Republic of Mozambique (acting through its Attorney General) v Privinvest Shipbuilding SAL (Holding) and others [2023] UKSC 32.UK Supreme Court, Republic of Mozambique (acting through its Attorney General) v Privinvest Shipbuilding SAL (Holding) and others (press summary).US Attorney’s Office, Financial Crimes Conference Aims to Give Law Enforcement Tools to Better Fight Internet Crime.US Department of the Treasury Office of Foreign Assets Control, Treasury Sanctions Multinational Network Supporting Iran’s UAV and Military Aircraft Production.US Department of Justice, Russian International Money Launderer Arrested for Illicitly Procuring Large Quantities of U.S.-Manufactured Dual-Use Military Grade Microelectronics for Russian Elites.US Department of Justice, Attorney Pleads Guilty To Operating $18.8 Million Ponzi Scheme And To Money Laundering, Obstruction Of Justice, And Perjury Charges.US Department of Justice, New Haven Man Sentenced to 37 Months in Prison for PPP Loan Fraud, Money Laundering, and Drug Offenses.US Department of Justice, Florida Man Sentenced To Three Years In Prison For Participating In Fraud And Money Laundering Scheme Targeting Hedge Fund.US Department of Justice, Georgia Man Sentenced to Five Years in Prison for Wire Fraud, Wire Fraud Conspiracy, and Aiding in the Filing of False Tax Returns.US Department of Justice, Three Albuquerque Residents Indicted for COVID-19 Fraud.US Department of Justice, Readout of U.S. Attorney General Merrick B. Garland’s Meeting with Ukrainian Prosecutor General Andriy Kostin.

Hello, and welcome to episode 75 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. Sanctions and fraud dominate the limited financial crime news this week. A few reports to keep avid readers busy, and a round-up of cyber-attack news. As usual, I have linked the main stories flagged in the podcast in the description. These are: Council of the European Union, Russia's war of aggression against Ukraine: EU individual sanctions over territorial integrity prolonged for a further six months.European Union, Import, Purchase & Transfer of Listed Goods: Frequently Asked Questions (8th September 2023).Europol, The Other Side of the Coin: An Analysis of Financial and Economic Crime.Europol, Cyber-Attacks: The Apex of Crime-as-a-Service.National Cyber Security Centre and National Crime Agency, Ransomware, extortion and the cyber crime ecosystem.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Iran (Human Rights).Payment Systems Regulator, CP23/8: APP fraud: APP scams measure 1 cycle 2 additional changes to timeline and reporting periods.Serious Fraud Office, SFO charges four individuals behind Patisserie Valerie collapse.UK government, Notice: Guidance on third country processed iron and steel measures.UK government, Guidance: Financial sanctions, Iran (human rights).UK Insolvency Service, Scots director hit with 14-year ban for £2.8 million oil company investment scam.US Department of Justice, Justice Department Announces First Criminal Resolution Involving the Illicit Sale and Transport of Iranian Oil in Violation of U.S. Sanctions.US Department of State, Imposing Further Sanctions in Response to Russia’s Illegal War Against Ukraine.US Department of the Treasury, Office of Foreign Assets Control, With Wide-Ranging New Sanctions, Treasury Targets Russian Military-Linked Elites and Industrial Base.US Department of the Treasury, Office of Foreign Assets Control, Treasury Sanctions Iranian Officials and Companies Connected to Repression in Advance of the Anniversary of Mahsa “Zhina” Amini’s Death.US Securities and Exchange Commission, SEC Charges Virtu for False and Misleading Disclosures Relating to Information Barriers.

Hello, and welcome to episode 74 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. After my first break from the podcast in almost a year-and-a-half, and the successful negotiation of mountains with the family, I get back to an enormous pile of financial crime news. Guys, summer is well and truly over. The wealth of the news comes from sanctions and money laundering, but the failure to prevent fraud issue in the UK has also come back to the news this week. Of course, I’ll also round up this week’s cyber-attack news. As usual, I have linked the main stories flagged in the podcast in the description. These are: European Commission, Guidance for EU Operators: Implementing Enhance Due Diligence to Shield Against Russian Sanctions Circumvention.European Parliament, Committee on Constitutional Affairs.European Parliament, Implementation of the 14 point Reform plan ‘Strengthening Integrity, Independence and Accountability’.Financial Conduct Authority, Sanctions systems and controls: firms’ response to increased sanctions due to Russia’s invasion of Ukraine.Financial Conduct Authority, Speech by Sarah Pritchard: Calibrating controls to build confident markets.Financial Conduct Authority, FCA launches review of treatment of Politically Exposed Persons (press release).Financial Conduct Authority, Review of the treatment of domestic politically exposed persons (PEPs): terms of reference.Gambling Commission, £6.1m fine for online operator In Touch Games (press release).Gambling Commission, Suspension of licences – In Touch Games Limited.His Majesty’s Revenue and Customs, HMRC internal manual: Economic Crime Levy.His Majesty’s Revenue and Customs, Policy paper: Get ready for the Economic Crime Levy.Information Commissioner’s Office, Data Protection Act 2018 and UK General Data Protection Regulation Reprimand.International Monetary Fund, Money Laundering Poses a Risk to Financial Sector Stability: Curbing cross-border illicit proceeds demands a united global effort and innovative approaches.Joint Money Laundering Steering Group, JMLSG publishes new Guidance on cryptoasset transfers.National Crime Agency, Dutch financial crime agency to join International Anti-Corruption Coordination Centre.National Defense, Algorithmic Warfare: NATO Ponders Using Article Five for Cyber Attacks.Office of Financial Sanctions Implementation, Report Concerning Breach of Financial Sanctions Regulations (section 149(3) PACA 2017 report) – Wise Payments Limited.Office of Financial Sanctions Implementation, OFSI uses disclosure power for first time.Office of Financial Sanctions Implementation, Guidance: Monetary penalties for breaches of financial sanctions.Office of Financial Sanctions Implementation, Guidance: Annual frozen asset review and reporting form.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Cyber (07/09/2023).Office of Financial Sanctions Implementation, Guidance on Ransomware and Financial Sanctions.Office of Financial Sanctions Implementation, Consolidated List of Financial Sanctions Targets in the UK: Cyber.Office of Foreign Assets Control, Treasury Sanctions Sudanese Paramilitary Leader.Office of Foreign Assets Control, Treasury Targets Individuals and Entity Supporting the Democratic People’s Republic of Korea’s Weapons of Mass Destruction Program.Serious Fraud Office, SFO Chief Capability Officer delivers keynote speech at 2023 Cambridge Symposium.Transparency International, Impact Report and Accounts 2022-23.Transparency International, Transparency Campaigners Urge Government to back Lords Amendments and Close Dirty Money Loopholes.UKFIU, SARs Reporter Booklet (August 2023).UK Parliament, House of Commons, Votes and Proceedings: Monday 4 September 2023.UK Parliament Public Accounts Committee, Local authority administered COVID support schemes in England.

Hello, and welcome to episode 73 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It’s been a quiet week this week on the financial crime front. The bulk of this week’s news comes from sanctions and bribery and corruption. Of course, I’ll also round up this week’s cyber-attack news. As usual, I have linked the main stories flagged in the podcast in the description. These are: Government of Canada, Canada announces sanctions against officials of justice and security sectors.International Monetary Fund, Côte d'Ivoire: Report on Observance of Standards and Codes—FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism.National Crime Agency, Ex-Nigerian politician charged in corruption case.National Cyber Security Centre, Cyber Incident Response.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Democratic People’s Republic of Korea.Office of Financial Sanctions Implementation, General Licence: Continuation of Business and Basic Needs for Telecommunications Services and News Media Services (INT/2022/1875276).Office of Financial Sanctions Implementation, General Licence: GTLK Companies and their Subsidiaries – Insolvency related payments and activities (INT/2023/3263556).Office of Financial Sanctions Implementation, Guidance: Financial sanctions webinars and events.Office of Foreign Assets Control, Treasury Designates Roman Semenov, Co-Founder of Sanctioned Virtual Currency Mixer Tornado Cash.Ofgem, Ofgem fines Morgan Stanley & Co. International plc (MSIP) over £5.4m for failure to record and retain electronic trading communications.Serious Fraud Office, ENRC Ltd.Serious Fraud Office, Rio Tinto Group.Transparency International, Legitimate Interest 2.0: Enabling Journalists and Activists to Follow the Money in the European Union.UK Finance, How Payments Play a Critical Role in Reducing Fraud for Merchants.UK Finance, London Criminal Gang Sentenced for £130,000 Scam.US Department of Justice, Justice Department Announces Results of Nationwide COVID-19 Fraud Enforcement Action (press release).US Department of Justice, Justice Department Announces Results of Nationwide COVID-19 Fraud Enforcement Action (video).US Department of Justice, Houston oil trader charged in international bribery scheme.US State Department, Imposing Sanctions and Visa Restrictions on Individuals and Entities Russia to Promote Accountability for Forced Transfer and Deportation of Children During Russia’s Illegal War Against Ukraine.US State Department, U.S. Sanctions Individuals Contributing to the Recent Escalation of Conflict in the DRC.

Hello, and welcome to episode 72 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It’s been a middling week this week on the financial crime front. Quite a bit of sanctions activity, with news of another challenge to designation in the UK, and more sanctions from the US relating to the supply of arms to the Russian war machine. On fraud, a bit of legacy news from the US and the global financial crisis – remember that? – as well as news that fraudsters are impersonating the FATF. There’s also a bit on money laundering, bribery, and a round-up of cyber-attack news this week. As usual, I have linked the main stories flagged in the podcast in the description. These are: England and Wales High Court (Administrative Court), Shvidler v Secretary of State for Foreign, Commonwealth and Development Affairs [2023] EWHC 2121 (Admin).Fenergo, It's Time for a PEP Talk: Managing PEPs and Risk in the Fight Against Financial Crime.Financial Action Task Force, Misuse of FATF's name by fraudulent services requesting fees for the verification of the origin of funds.Financial Conduct Authority, We invite Politically Exposed Persons to share their experiences (press release).Financial Conduct Authority, FG17/6: The treatment of politically exposed persons for anti-money laundering purposes.Financial Conduct Authority, PEPs letter (dated 14/08/2023).Financial Conduct Authority, FCA sets out expectations for UK cryptoasset businesses complying with the Travel Rule.Financial Times, The time for instituting a new global corruption court is now.Gemfields, Principal Risks and Uncertainties document.Interpol, Cybercrime: 14 arrests, thousands of illicit cyber networks disrupted in Africa operation.Joint Money Laundering Steering Group, Consultation – Cryptoasset transfers.National Crime Agency, Madagascan President’s Chief of Staff charged with bribery.Office of Financial Sanctions Implementation, Russia Financial Sanctions Notice (17/08/2023).Office of Financial Sanctions Implementation, Russia Regulations: Who is subject to financial sanctions in the UK?Office of Foreign Assets Control, Treasury Sanctions Entities Tied to Arms Deals Between North Korea and Russia.Office of Foreign Assets Control, Treasury Sanctions Two Syria-Based Militias Responsible for Serious Human Rights Abuses in Northern Syria.UK Financial Intelligence Unit, SARs in Action (Issue 21).US Department of Justice, Former Special Agent in Charge of the New York FBI Counterintelligence Division Pleads Guilty to Conspiring to Violate U.S. Sanctions on Russia.US Department of Justice, Metro Atlanta man charged with laundering funds from COVID-19 unemployment relief and submitting fraudulent EIDL loan application.US Department of Justice, UBS Agrees to Pay $1.435 Billion for Fraud in the Sale of Residential Mortgage-Backed Securities.

Hello, and welcome to episode 71 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It’s been a quiet week this week, but there is enough to keep us interested. As usual, I have linked the main stories flagged in the podcast in the description. These are: Department for Business and Trade, Guidance for the Registration of Overseas Entities on the UK Register of Overseas Entities Technical guidance for registration and verification (August 2023).Department for Business and Trade and Export Control Joint Unit, General Trade Licence Russia Sanctions – Legal Advisory Services.Department for Science, Innovation, and Technology, Cyber security skills in the UK labour market 2023.Electoral Commission, Public notification of cyber-attack on Electoral Commission systems.Entain Group plc, Update on HMRC Investigation.European Banking Authority, Report on the Functioning of Anti-Money Laundering and Countering the Financing of Terrorism Colleges in 2022 (EBA/REP/2023/31).Financial Conduct Authority, FCA and COLC Authorised Push Payment (APP) Synthetic Data Launch.Foreign, Commonwealth and Development Office, Largest ever UK action targets Putin's access to foreign military supplies (press release).Foreign, Commonwealth and Development Office, Guidance: The UK Sanctions List (updated: 10/08/2023).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (08/08/2023).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Belarus (08/08/2023).Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK? (updated: 10/08/2023).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Global Anti-Corruption.Office of Financial Sanctions Implementation, Financial Sanctions: Global Anti-Corruption Consolidated Lists.The Washington Post, Opinion: Why a federal judge is pushing for an international anti-corruption court.UK Finance, Developing Guidelines for the Funds Transfer Regulations.UK Finance, Funds Transfer Regulation – ‘How To’ Interpretative Guidance.US Department of Justice, Former Miami-Dade Corrections Sergeant Pleads Guilty to COVID-19 Relief Fraud.US Department of the Treasury, Joining Partners, U.S. Treasury Sanctions Former Central Bank Governor of Lebanon and Co-conspirators in International Corruption Scheme.US Department of the Treasury, U.S. Expands Sanctions on the Belarusian Regime, Marking the Three-Year Anniversary of the Fraudulent August 2020 Presidential Election.US Department of the Treasury, Remarks by Under Secretary Brian Nelson on Illicit Finance in Lexington, Kentucky.US Department of the Treasury, Treasury Imposes Sanctions on Russian Elites and a Russian Business Association (press release).US Securities and Exchange Commission, Colombian Conglomerate Grupo Aval and Its Bank Subsidiary to Pay $40 Million to Settle FCPA Violations (press release).

Hello, and welcome to episode 70 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It’s been a busy week this week, with plenty across sanctions, fraud, money laundering and cyber-attack news. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Blackberry, Global Threat Intelligence Report: Actionable and Contextualized Intelligence to Increase Your Cyber Resilience.Council of the European Union, Statement by the High Representative on behalf of the EU on the alignment of certain third countries concerning restrictive measures against cyber-attacks threatening the Union or its Member States.Council of the European Union, Belarus: EU adopts new round of individual sanctions over continued human rights abuses and imposes further targeted measures in response to involvement in Russia's military aggression against Ukraine.European Commission, Russia's illegal war of aggression against Ukraine: EU agrees to extend the scope of sanctions on Belarus to fight circumvention.European Commission, Russia's illegal war of aggression against Ukraine: EU agrees to extend the scope of sanctions on Belarus to fight circumvention (press release).European Public Prosecutor’s Office, Lithuania: Seven indicted for fraud involving livestock farming and wellness centre.European Public Prosecutor’s Office, Germany: Eight indicted in connection with €80 million VAT fraud involving luxury cars.Financial Action Task Force, Jurisdictions under Increased Monitoring (i.e. "grey list").Financial Action Task Force, The United Arab Emirates' progress in strengthening measures to tackle money laundering and terrorist financing.Financial Conduct Authority, Financial watchdog wins civil case against Ponzi-like care home investment scheme. Judgment in the case: Financial Conduct Authority v Forster and Others [2023] EWHC 1973 (Ch).International Monetary Fund, Iceland: Financial Sector Assessment Program-Technical Note on Anti-Money Laundering/Combating the Financing of Terrorism.Joint Money Laundering Steering Group, JMLSG Guidance – Consultation – Cryptoasset transfers.Joint Money Laundering Steering Group, Cryptoassets Transfers (‘Travel Rule’) Sector 22 Amended Guidance.Joint Money Laundering Steering Group, JMLSG publishes a revision to Part I Paragraph 5.3.89.National Cyber Security Centre, Sixth Annual Report: Active Cyber Defence.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (31/07/2023).Office of Financial Sanctions Implementation, Current list of designated persons: Russia.Office of Financial Sanctions Implementation, General Licence: GTLK Companies and their Subsidiaries – Insolvency related payments and activities (INT/2023/3263556).Office of Financial Sanctions Implementation, General Licences List.Office of Financial Sanctions Implementation, Publication of Mali Sanctions Regulations (press release).Office of Financial Sanctions Implementation, Mali Sanctions Regulations.Office of Financial Sanctions Implementation, Russian Oil Services ban: Guidance.Serious Fraud Office, Notice of Discontinuance: R v Bluu Solutions Limited and Tetris Projects Limited.The FCPA Blog, Creating an international anti-corruption court is a noble idea, but can it work?The Guardian, Former minister urges UK to back international anti-corruption court.UK government, National Risk Register 2023.US Department of Justice, Springfield Business Owner Pleads Guilty to $14 Million Fraud Scheme.US Department of Justice, Monroe County Man Charged With Committing Over $2.2 Million In Covid-19 Pandemic Fraud.US Department of the Treasury’s Office of Foreign Assets Control, U.S. Treasury Targets Four Officials in Bosnia and Herzegovina for Undermining the Dayton Peace Agreement.US Department of the Treasury’s Office of Foreign Assets Control, Treasury Designates Leaders and Financial Facilitators of ISIS and al-Qa’ida Cells in Maldives.US Securities and Exchange Commission, SEC Obtains Emergency Relief to Halt Utah-Based Company’s Crypto Asset Fraud Scheme Involving 18 Defendants.

Hello, and welcome to episode 69 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been quite a very quiet week this week. I think most sensible people must be on holiday. Still, I have managed to find just enough financial crimes news to keep things ticking over. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: BBC News, Bank staff defy customers to prevent £55m of fraud in 2022.Crown Prosecution Service, A former Governor of Nigeria's Delta State has been ordered to pay over £100 million and his solicitor over £28 million.European Commission, Evaluation of Directive 2018/1673.Financial Conduct Authority, FCA secures Confiscation Order against convicted money launderer.Home Office, UK-Australia joint statement from the Illicit Financing Co-ordination Dialogue.Office of Financial Sanctions Implementation, UK Financial Sanctions: General guidance for financial sanctions under the Sanctions and Anti-Money Laundering Act 2018.Office of Financial Sanctions Implementation, General Licence – Mongolia Energy Payments INT/2022/2085212.Office of Financial Sanctions Implementation, Financial Sanctions Notice: ISIL (Da’esh) and Al-Qaida.Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK?Office of Foreign Assets Control, Counter Terrorism Designation: Specially Designated Nationals List Update.Office of Foreign Assets Control, Treasury Targets Malian Officials Facilitating Wagner Group.Office of Foreign Assets Control, Russia-related Designations: Specially Designated Nationals List Update.Serious Fraud Office, Notice of discontinuance: G4S Care & Justice Services (UK) Limited.Solicitors’ Regulation Authority, Sectoral Risk Assessment: Anti-money laundering and terrorist financing.UK Finance, Over £55 Million of Fraud Prevented in 2022 by Rapid Response Scheme.UK Finance, Why the Banking Protocol Matters.US Attorney’s Office, British Investor and Billionaire Businessman Joseph Lewis Charged with Insider Trading and Financial Fraud.US Department of State, Designating Senior ISIS-Somalia Financier.

Hello, and welcome to episode 68 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been quite a quiet week this week, with sanctions taking centre stage. However, there is the usual mix of fraud, money laundering, and bribery, together wth a round-up of the cyber-attack news. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Council of the European Union, Iran: EU adopts new restrictive measures for military support to Syria and Russia's war of aggression against Ukraine.Council of the European Union, Myanmar/Burma: EU imposes seventh round of sanctions against six individuals and one entity.Department for Business and Trade and the Export Control Joint Unit, UK strategic export controls annual report 2022.Department of Justice, Long Island Man Pleads Guilty to Massive COVID-19 Loan Fraud.Department of Justice, Four Capital Region Men Charged with Pandemic Fraud Scheme.Department of State, Imposing Additional Sanctions on Those Supporting Russia’s War Against Ukraine (Fact Sheet).European Securities and Markets Authority, Report on Suspicious Transactions and Order Reports.Federal Reserve, Federal Reserve Board announces two enforcement actions against Deutsche Bank AG, its New York branch, and other U.S. affiliates.Financial Conduct Authority, Listing Transactions – Russia and Belarus sanctions confirmation.Financial Conduct Authority, Market cleanliness statistics 2022/23.Foreign, Commonwealth and Development Office, UK sanctions Wagner Group leaders and front companies responsible for violence and instability across Africa (Press Release).Gambling Commission, Done Bros (Cash Betting) Limited to pay £3.25m for regulatory failures (Press Release).Gambling Commission, Done Bros (Cash Betting) Limited Public Statement.His Majesty’s Revenue and Customs, Dealing with promoters of tax avoidance.National Crime Agency, National Strategic Assessment of Serious and Organised Crime 2023.Office of Foreign Assets Control, Treasury Sanctions Impede Russian Access to Battlefield Supplies and Target Revenue Generators.Office of Foreign Assets Control, Treasury Sanctions Drug Traffickers Operating Across Europe and North America.Serious Fraud Office, SFO seizes Sheffield flat linked to £17 million bribery in China.Serious Fraud Office, Annual Report and Accounts 2022/23.The Guardian, Half of UK company directors struck off linked to alleged Covid loan fraud.Transparency International, Ukraine: Reflections on Building a Transparent & Accountable Nation.UK government, UK announces new sanctions in response to Russia’s forced deportation of Ukrainian children.

Hello, and welcome to episode 67 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been one hell of a busy week this week, where fraud and money laundering take centre stage, and we also round-up the cyber-attack news appearing across various outlets. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Amnesty International, West & Central Africa: Authorities must fight corruption and uphold the human rights of those who expose it.Beazley, Spotlight On: Cyber & Technology Risk 2023.British Council, Counter-fraud reports.European Banking Authority, Supervisors of banks are making progress in the fight against financial crime, the EBA finds (press release).European Banking Authority, Report On Competent Authorities’ Approaches To The Supervision Of Banks With Respect To Antimoney Laundering And Countering The Financing Of Terrorism (Round 3 – 2022) (EBA/REP/2023/20).European Banking Authority, Opinion of the European Banking Authority on money laundering and terrorist financing risks affecting the EU’s financial sector (EBA/Op/2023/08).European Securities and Markets Authority, ESMA Report On the Call for Evidence on pre-hedging.Financial Conduct Authority, The Financial Conduct Authority continues crackdown on unregistered crypto ATMs in the UK.Financial Conduct Authority, Final Notice: Bastion Capital London Ltd.Financial Conduct Authority, FCA fines Bastion Capital London Limited £2.5m for serious financial control failings.Gambling Commission, Sanction: Star Racing Limited.Gambling Commission, Gambling business Star Racing Limited fined £594,000.International Institute for the Unification of Private Law (UNIDROIT), Principles on Digital Assets and Private Law.JDSupra, 7 Key Practices Companies Should Implement to Ensure Cyber Safety in the Age of Remote Work.Office of Financial Sanctions Implementation, An Update to our Licensing Process: Returning Incomplete Applications.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Syria.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Sudan.Payment Systems Regulator, CP 23/4: APP fraud reimbursement requirement - draft legal instruments.Transparency International, Africa Anti-Corruption Day: Transparency International Calls On African Union Leaders To Act On Anti-Corruption Commitments.UK Government, Government and industry meet to progress the fight against fraud.United Kingdom Supreme Court, Philipp v Barclays Bank plc [2023] UKSC 25 (judgment).United Kingdom Supreme Court, Philipp v Barclays Bank plc [2023] UKSC 25 (press summary).US Office of Foreign Assets Control, Treasury Sanctions Official Linked to Corruption in Serbia.US Office of Foreign Assets Control, Treasury Sanctions Illicit Fentanyl Network Run by Key Sinaloa Cartel Family Members.US Department of Justice, U.S. Attorney Announces Charges Against Co-Director Of Think Tank For Acting As An Unregistered Foreign Agent, Trafficking In Arms, Violating U.S. Sanctions Against Iran, And Making False Statements To Federal Agents.US Department of Justice, Former Security Engineer For International Technology Company Arrested For Defrauding Decentralized Cryptocurrency Exchange.US Department of Justice, Allianz Global Investors U.S. Sentenced In Connection With Multibillion-Dollar Fraud Scheme.US Department of State, Designation of Juan Carlos Varela Rodriguez, Former Panamanian President, for Significant Corruption.

Hello, and welcome to episode 66 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been one hell of a busy week this week, where fraud and money laundering take centre stage, and we also round-up the cyber-attack news appearing across various outlets. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Attorney-General’s Office, New SFO Director announced.Clyde & Co, A new fight? - APRA imposes first capital requirements for a cyber attack.Commodity Futures Trading Commission, Federal Court Orders Two Delaware Companies to Pay Nearly $146 Million for Misappropriation and Fraud Related to a Precious Metals Scheme.Criminal Cases Review Commission, Financial trader Tom Hayes’ convictions referred following complex CCRC review.Crown Prosecution Service, COVID-19 fraudster sentenced for laundering nearly £200k from taxpayers.European Public Prosecutor’s Office, EPPO signs working arrangement with National Anti-Corruption Bureau of Ukraine (press release).European Public Prosecutor’s Office, Working Agreement between European Public Prosecutor’s Office (‘EPPO’) and the National Anti-Corruption Bureau of Ukraine.Financial Action Task Force, Public Consultation on the Revision of Recommendation 8 and its Interpretive Note. Financial Action Task Force, Public Consultation on the FATF Best Practice Paper to Combat the Abuse of Non Profit Organisations.Financial Action Task Force, Consolidated assessment ratings (updated).HM Treasury, Reforming anti-money laundering and counter-terrorism financing supervision (Consultation).HM Treasury, Reform of the Anti-Money Laundering and Counter-Terrorism Financing Supervisory Regime Consultation (Document).National Crime Agency, SARs Digital Newsletter (June 2023).National Cyber Security Centre, Support from British businesses crucial in removing over 235,000 scams, new figures reveal.National Cyber Security Centre, Sixth Annual Active Cyber Defence Report.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Democratic People’s Republic of Korea.Office of Financial Sanctions Implementation, Guidance: Financial sanctions, Democratic People’s Republic of Korea.Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK?Office of Financial Sanctions Implementation, Guidance: The UK Sanctions List.Office of Financial Sanctions Implementation, General Licence: Humanitarian Activity (Syria) INT/2023/2711256.Office of Financial Sanctions Implementation, OFSI General Licences (updated 4th July 2023).Office of Financial Sanctions Implementation, Guidance: Complying with professional and business services sanctions related to Russia.Office of Financial Sanctions Implementation, Statutory guidance – Russia sanctions: guidance.Office of Financial Sanctions Implementation, Financial Sanctions Notice: Iran (Human Rights) (06/07/23).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (06/07/23).Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (07/07/23).Public Accounts Committee, Department for Business, Energy & Industrial Strategy Annual Report and Accounts 2021–22: Forty-Fifth Report of Session 2022–23.Public Accounts Committee, Forty-fifth Report of Session 2022-23: Department for Business, Energy & Industrial Strategy Annual Report and Accounts 2021-22 (Government Response).R v Hayes [2018] EWCA Crim 682 (28 March 2018).Transparency International, Report: More Than Two-Thirds Of Corporate-Owned Real Estate In France Is Anonymously Held.Transparency International, Behind A Wall: Investigating Company And Real Estate Ownership In France (Report).UK Parliament (House of Commons Library), Research Briefing: Sanctions Against Russia.US Department of Justice, Chicago Man Convicted of $2.7 Million COVID-Relief Fraud.

Hello, and welcome to episode 65 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been one hell of a busy week this week, especially on sanctions, fraud, and money laundering. The cyber-attack news has taken a bit of a dip this week, but I doubt that’s because they’re not happening. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Financial Action Task Force, Virtual Assets: Targeted Update on Implementation of the FATF Standards on Virtual Assets and Virtual Asset Service Providers.Financial Conduct Authority, Cultural evolution: how culture must change to meet expectations.Financial Ombudsman Service, Financial Ombudsman Service warns of increase in ‘hybrid’ scams.HM Treasury, Enhanced due diligence: designation of high-risk countries - Economic Crime and Corporate Transparency Bill.HM Treasury, Review of the UK’s AML/CFT regulatory and supervisory regime.Insolvency Service, Sound engineer and bookkeeper banned as company directors for covid loan abuse.Joint Money Laundering Steering Group, Current Guidance.National Cyber Security Centre, NCSC marks 20th anniversary of first response to state-sponsored cyber attack.Office of Financial Sanctions Implementation, General Licences.Office of Financial Sanctions Implementation, Republic of Belarus sanctions: guidance.Office of Financial Sanctions Implementation and Office of Foreign Assets Control, Humanitarian Assistance and Food Security Fact Sheet: Understanding UK and U.S. Sanctions and their Interconnection with Russia.Pay.uk, Pay.UK partners with Visa, Synectics Solutions and Featurespace on pioneering fraud detection and prevention initiative.Securities and Exchange Commission, SEC Charges Former Pfizer Statistician with Insider Trading Ahead of COVID-19 Announcement.Securities and Exchange Commission, SEC Charges Stockbroker and Friend with Insider Trading.Transparency International, International Anti-Corruption Conference To Be Held In June 2024 In Lithuania.UK government, New law imposes fresh sanctions on Russia accessing UK legal expertise (press release).United Nations Security Council, Security Council Renews Democratic Republic of Congo Sanctions Regime, Unanimously Adopting Resolution 2688 (2023).US Department of Justice, CFO, Controller, Corporate Officers Charged in $53 Million Fraud Scheme Involving Pandemic Relief.U.S. Small Business Administration Office of Inspector General, COVID-19 Pandemic EIDL and PPP Loan Fraud Landscape.

Hello, and welcome to episode 64 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a quiet week this week which, to be frank, I’m glad about given other things I’ve had on my plate this week. There has been an increase in the amount of sanctions activity, a decent range of money laundering news, and the usual range of other bits and pieces, as well as the usual round-up of cyber-attack news. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Companies House, Guidance – Register of Overseas Entities: approach to enforcement.Council of the European Union, Russia’s war of aggression against Ukraine: EU adopts 11th package of economic and individual sanctions.Council of the European Union, States need to improve criminal asset recovery in combatting money laundering, says MONEYVAL Committee.European Commission, EU adopts 11th package of sanctions against Russia for its continued illegal war against Ukraine.European Union Agency for Criminal Justice Cooperation, Eurojust organises first expert meeting on Money Laundering and Asset Recovery.Financial Action Task Force, Jurisdictions under Increased Monitoring - 23 June 2023.Financial Action Task Force, Outcomes FATF Plenary, 21-23 June 2023.Financial Conduct Authority, Consumer warning on Blockchain Access UK Ltd.Financial Conduct Authority, Consumer warning on Promethean Finance Limited.His Majesty’s Revenue and Customs, Code of Practice 9: where HMRC suspects fraud (COP9).HM Inspectorate of Constabulary and Fire and Rescue Services, Vetting and Anti-corruption Part 1: How effective is the National Crime Agency at dealing with corruption?National Cyber Security Centre, Threats and key takeaways for the legal sector.National Cyber Security Centre, Cyber Threat Report: UK Legal Sector.Office of Financial Sanctions Implementation, The Democratic Republic of the Congo notice.Office of Financial Sanctions Implementation, The Syria notice.Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK?Office of Financial Sanctions Implementation, Guidance: The UK Sanctions List.Office of Financial Sanctions Implementation, Guidance: General Licences.Rahman Ravelli, Economic Crime and Corporate Transparency Bill 2023 – the potential impact on corporates and other stakeholders (sign up).Serious Fraud Office and Financial Conduct Authority, Principles of Co-operation between the Serious Fraud Office and the Financial Conduct Authority.UK Legislation, The Russia (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2023 SI No. 665.

Hello, and welcome to episode 63 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. The big news stories this week have focused on fraud and bribery and anti-corruption, but there are other bits across the area, as well as the usual round-up of cyber-attack news. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: European Union Intellectual Property Office, IP Perception 2023.National Cyber Security Centre, NCSC and international partners shine a light on Lockbit ransomware threat.Politico, 11 key Qatargate players — where are they now?Transparency International, Transparency International's 30th Anniversary: A Milestone In The Global Fight Against Corruption.UK Financial Intelligence Unit, SARs Reporter Booklet (June 2023).UK Gambling Commission, Videoslots Limited to pay £2m for regulatory failures.UK Gambling Commission, Videoslots Limited Public Statement.UK Government, More action to fight fraud, bribery and other economic crime.UK Government, HMRC gives offshore customers chance to come clean.UK Government, Crackdown on criminals silencing critics to be added to Economic Crime Bill.UK Office of Financial Sanctions Implementation, OFSI General Licences (updated).UK Office of Financial Sanctions Implementation, Russian Oil Services ban (updated).UK Parliament, Economic Crime and Corporate Transparency Bill.US Department of Justice, New York City Transit Worker and New York State Court Officer Plead Guilty to Covid-19 Loan Fraud.US Department of Justice, Fraud Alert: Scammers Claiming to be with Office for Victims of Crime.White & Case, Engagement with third parties seen as the greatest anti-corruption risk.White & Case, 2023 Global compliance risk benchmarking survey.

Hello, and welcome to episode 62 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a reasonably quiet week this week. A bit of news across the main financial crime areas, with the usual round-up of cyber-attack news. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Council of Europe, Hungary: anti-corruption group calls for measures to prevent corruption in central government and law enforcement (press release).Council of Europe, FIFTH EVALUATION ROUND: Preventing corruption and promoting integrity in central governments (top executive functions) and law enforcement agencies, Evaluation Report, Hungary.Council of the European Union, EU sanctions: Council finalises position on law that aligns penalties for violations.DNV, Maritime Cyber Priority 2023.European Parliament, Trilogue agreement on rules to make searching financial records easier.Europol, One of Europe’s Biggest Underground Bankers Arrested in Greece.His Majesty’s Revenue and Customs, Businesses that have not complied with the regulations (2021 to 2022).INTERPOL and the United Nations Interregional Crime and Justice Research Institute, AI Toolkit provides strategic and practical guidance for police executives and officers.Telefonica, What is a cyber-attack, what types are there and what is it used for?UK Government, New UK sanctions legislation allows the government to target Belarus exports, internet propaganda, and crack down on circumvention (press release).UK Government. Statutory guidance: Republic of Belarus sanctions: guidance (updated 9th June 2023).UK Legislation, The Republic of Belarus (Sanctions) (EU Exit) (Amendment) Regulations 2023 SI No. 616.UK National Cyber Security Centre, MOVEit vulnerability and Zellis data extortion incident.UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: ISIL (Da’esh) and Al-Qaida (05/06/2023) (Entry amendment).UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: ISIL (Da’esh) and Al-Qaida (06/06/2023) (Entries removed).UK Office of Financial Sanctions Implementation, Guidance: The UK Sanctions List (Updated: 06/06/2023).UK Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK? (Updated 07/06/2023).UK Office of Financial Sanctions Implementation, General Licence: London Court of International Arbitration (LCIA) Arbitration Costs (INT/2022/1552576).UK Office of Financial Sanctions Implementation, General Licence: Transactions related to agricultural commodities including the provision of insurance and other services (INT/2022/2349952).UK Parliament, House of Commons, Committee of Public Accounts: Seventh Annual Report of the Chair of the Committee of Public Accounts.US Department of the Treasury, Office of Foreign Assets Control, Treasury Sanctions Russian Intelligence-Linked Malign Influence Actors Targeting Moldova (press release).US Department of the Treasury, Office of Foreign Assets Control, Counter Terrorism Designations; Iran-related Designations Updates; Non-Proliferation Designation Update.

Hello, and welcome to episode 61 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a decent week this week, with a good range of money laundering stories, some bribery and anti-corruption news, and the usual round-up of cyber-attack news, with continuing repercussions for Latitude and Capita. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Austrac, AUSTRAC and Crown agree to proposed $450 million penalty.Entain Group plc, Update on HMRC Investigation (press release).European Banking Authority, EBA consults on amendments to the Guidelines on money laundering and terrorist financing risk factors to include crypto-asset service providers.European Parliament, MEPs propose reforms to protect democratic institutions and Parliament’s integrity.European Parliament, Group leaders endorse first steps of parliamentary reform.European Public Prosecutor’s Office, Lithuania: 27 arrested in probe into fraud involving up to €750 000 in funds for young farmers.Financial Action Task Force, Consolidated Assessment Ratings (updated).Financial Action Task Force, Qatar's measures to combat money laundering and terrorist financing.Financial Action Task Force, Mutual Evaluation Report: Qatar.UK Financial Conduct Authority, Do the right thing: Speech by Therese Chambers, Joint Executive Director of Enforcement and Market Oversight at the FCA.UK Financial Intelligence Unit, Guidance on submitting better quality Suspicious Activity Reports (SARs).UK Insolvency Service, Warning issued by the Insolvency Service on scams.UK Office of Financial Sanctions Implementation, The UK Sanctions List.UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.UK Office of Financial Sanctions Implementation, Financial Sanctions Russia: Updated.UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: Somalia.UK Office of Financial Sanctions Implementation, Financial Sanctions Somalia: Updated.UK Office of Financial Sanctions Implementation, Trust Services Sanctions – 5 months on (blog).UK Office of Financial Sanctions Implementation, Sanctions: Trust Services (Guidance).UN, Security Council Extends Sanctions on South Sudan for One Year, Adopting Resolution 2683 (2023) by 10 Votes in Favour, with 5 Abstentions (press release).US Office of Foreign Assets Control, Treasury Sanctions Iranian Company Aiding in Internet Censorship.

Hello, and welcome to episode 60 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a decent week this week, which is good. A few bits on sanctions, fraud, and money laundering, plus a round-up of the interesting cyber-attack news making the headlines this week. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Alix Partners, Why Honest, Open Communication Can Counter The Reputational Risks Of Cyber Attacks.ContractorUK, What Capita’s cyber security breach likely means for IT contractors.Crown Prosecution Service, Former boss of a City of London foreign exchange company is found guilty of an around £70m fraud.Crown Prosecution Service, Numerous victims defrauded of nearly £4m in a complex investment scam.European Central Bank, Card fraud in Europe declined notably in 2021 amid the implementation of regulatory measures.European Parliament, MEPs vote to speed up the freezing and confiscation of criminal assets.Gambling Commission, Skill On Net Limited faces £305,150 regulatory action (press release).Gambling Commission, Skill On Net Limited Public Statement.Joint Money Laundering Steering Group, JMLSG Guidance Part I – Consultation (press release).Joint Money Laundering Steering Group, Consultation – May 2023.UK Legislation, Criminal Justice Act 1993.UK Legislation, The Insider Dealing (Securities and Regulated Markets) Order 2023 SI No. 582.UK National Cyber Security Centre, NCSC joins partners to issue warning about China state-sponsored cyber activity targeting CNI networks.UK Office of Financial Sanctions Implementation, Blog: Prior Obligations General Licence.UK Office of Financial Sanctions Implementation, General licence - INT/2023/3024200.UK Office of Financial Sanctions Implementation, Guidance: Prior Obligations General Licence.UK Office of Financial Sanctions Implementation, Guidance: Financial sanctions, Counter-terrorism.US Department of Defense, Fact Sheet: 2023 DoD Cyber Strategy.US Department of Justice, San Diego Restaurant Owners Charged with COVID-Relief Fraud and Money Laundering.US Department of Justice, Long Island Businessman Pleads Guilty to Multi-Million Dollar Covid-19 Loan Fraud.US Department of Justice, West Virginia man sentenced for COVID fraud.US Department of Justice, Tax Preparer And Client Charged With $13 Million Paycheck Protection Program Fraud Scheme.US Department of Justice, U.S. Law Enforcement Disrupts Networks Used to Transfer Fraud Proceeds, Taking Over 4,000 Actions in Fifth Campaign.US Department of Justice, Department of Planning and Permitting Supervisor Sentenced to 60 Months in Prison for Bribery Scheme.US Department of the Treasury Office of Foreign Assets Control, Treasury Targets DPRK Malicious Cyber and Illicit IT Worker Activities (press release).

Hello, and welcome to episode 59 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been another quiet week this week, which is good when I’m still busy elsewhere. A few bits on sanctions, fraud, and money laundering, plus a round-up of the interesting cyber-attack news making the headlines this week. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Council of the European Union, Anti-money laundering: Council adopts rules which will make crypto-asset transfers traceable.Financial Crimes Enforcement Network (FinCen), Financial Trend Analysis: Ransomware Trends in Bank Secrecy Act Data between July 2021 and December 2021.General Secretariat of the Council of the EU, AMLR – Proposal for a Regulation of the European Parliament and of the Council on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing.General Secretariat of the Council of the EU, AMLD - Proposal for a Directive of the European Parliament and of the Council on the mechanisms to be put in place by the Member States for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and repealing Directive (EU) 2015/849.General Secretariat of the Council of the EU, AMLA - Proposal for a Regulation of the European Parliament and of the Council establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism and amending Regulations (EU) No 1093/2010, (EU) 1094/2010, (EU) 1095/2010.UK Financial Conduct Authority, How to change in response to changing threats.UK government, Financial Sanctions Notice: Global Anti-Corruption.UK government, Financial Sanctions Notice: Russia.UK government, Financial Sanctions Notice: Syria.UK government, Financial sanctions, Russia.UK government, Financial sanctions, Syria.UK government, Russia sanctions: guidance; Russia sanctions: guidance (Updated 17 May 2023).UK government, UK sanctions target Russia’s theft of Ukrainian grain, advanced military technology, and remaining revenue sources (press release).UK National Cyber Security Centre, Google & NCSC Webinar For Small Organisations.UK parliament, Regulating Crypto – Report Summary.UK parliament, Regulating Crypto: Fifteenth Report of Session 2022–23.US Department of Justice, Former U.S. Army Employee Arrested In Bribery And Kickbacks Scheme Involving Defense Contracts.US Department of the Treasury, Office of Foreign Assets Control, Treasury Sanctions Russian Ransomware Actor Complicit in Attacks on Police and U.S. Critical Infrastructure.Which?, Tech firms failing to act against ID theft fraudsters using social media to scam victims, Which? warns.

Hello, and welcome to episode 58 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a quiet week this week, which is good when I’m busy elsewhere. A few bits on sanctions, fraud, and money laundering, plus a round-up of the interesting cyber-attack news making the headlines this week. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: The Guardian, Former minister urges UK to back international anti-corruption court.The Guardian, Social media firms should reimburse online fraud victims, say UK bankers.Transparency International, European Commission Must Uphold Corporate Transparency In The 6th Anti-Money Laundering Directive.UK Finance, Over £1.2 Billion Stolen Through Fraud In 2022, With Nearly 80 Per Cent Of App Fraud Cases Starting Online.UK Finance, Annual Fraud Report 2023.UK Financial Conduct Authority, Mega Tradevest.UK Government, Guidance: Trust or company service provider guidance for money laundering supervision.UK National Crime Agency, SARs in Action.UK National Cyber Security Centre, Experts challenge myths around reporting cyber attacks to help break cycle of crime.UK Office of Financial Sanctions Implementation, Financial Sanctions Notice (Myanmar).UK Office of Financial Sanctions Implementation, Guidance: Financial Sanctions (Myanmar).UK Office of Financial Sanctions Implementation, Guidance: The UK Sanctions List.UK Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK?UK Office of Financial Sanctions Implementation, OFSI Licensing: Travel Guidance: Guidance on travel allowance for licence applications.US Department of Justice, Man Charged with COVID-Relief Fraud and Money Laundering.US Department of Justice, Colorado Springs Man Indicted for Covid Relief Program Fraud.US Department of Justice, Nigerian Man Sentenced for Online Fraud Schemes.US Department of Justice, Congressman George Santos Charged with Fraud, Money Laundering, Theft of Public Funds, and False Statements.

Hello, and welcome to episode 57 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a busy week this week, with plenty on fraud, bribery, and cyber-attacks, with some bits and pieces on other things. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: Bank of England and Prudential Regulation Authority, The Bank of England consults on its approach to Enforcement policies to provide greater clarity on the scope of its powers and processes.Bank of England and Prudential Regulation Authority, CP9/23 – The Bank of England’s approach to enforcement: proposed changes and clarifications.Commodity Futures Trading Commission, Federal Court Orders South African CEO to Pay Over $3.4 Billion for Forex Fraud.Council of the European Union, Corruption as an obstacle to development: Council approves conclusions (press release).Council of the European Union, Corruption as an obstacle to development - Council conclusions (4 May 2023).Council of the European Union, Foreign Affairs Council (Development), 4 May 2023.European Commission, Anti-corruption: Stronger rules to fight corruption in the EU and worldwide.European Commission, Questions and Answers: Stronger rules to fight corruption in the EU and worldwide.European Union External Action: Diplomatic Service of the European Union, Anti-corruption package: Press remarks by High Representative/Vice-President Josep Borrell at the press conference.Lloyd’s Market Association, Publication of Oil Price Cap Endorsements for Political Risk and Credit Business.Office for Professional Body Anti-Money Laundering Supervision (OPBAS), Anti-Money Laundering Supervision by the Legal and Accountancy Professional Body Supervisors: Progress and themes from our 2022/23 supervisory work.Spotlight on Corruption, Now we need the other fraud strategy (blogpost).Techtarget, Studies show ransomware has already caused patient deaths.The Guardian, Facebook and WhatsApp owner urged by UK bank to act on fraud as scams soar.UK Financial Conduct Authority, FCA continues action against unregistered crypto ATMs across the UK.UK Financial Conduct Authority, FCA sets out steps to improve whistleblower confidence (press release).UK Financial Conduct Authority, Whistleblowing qualitative assessment survey 2022.UK Financial Intelligence Unit and the National Crime Agency, Suspicious Activity Report (SAR) Glossary Codes and Reporting Routes.UK Food Standards Agency, Chief Executive’s message to stakeholders - Update on our meat fraud investigation.UK government, New blueprint to protect public from scammers (news story).UK government, What the Prime Minister’s Fraud Strategy means for you (press release).UK government, Fraud Strategy: stopping scams and protecting the public (policy paper).UK Home Office, Economic Crime Survey 2020.UK Home Office, Research and analysis: Economic Crime Survey 2020.UK Insolvency Service, London businessman convicted for Bounce Back Loan fraud.UK Office of Financial Sanctions Implementation, General Licence INT/2022/1710676.UK Office of Financial Sanctions Implementation, General Licence INT/2023/2954852.US Department of Justice, Houston man sent to prison for $3M PPP loan fraud scheme.US Department of Justice, Man Sentenced for $1.1M COVID-19 Fraud Scheme.US Department of Justice, Alaska Couple Charged in $700,000 Investment Fraud Scheme Based on Fictitious Alaska Marijuana “Bud and Breakfast”.US Department of Justice, San Diego Man Sentenced to Prison for Tax Evasion, Fraud and Failing to Appear for his 2001 Sentencing Hearing.US Department of Justice, FBI Disrupts Virtual Currency Exchanges Used To Facilitate Criminal Activity.UK Prudential Regulation Authority, Business Plan 2023/24.US Securities and Exchange Commission, SEC Issues Largest-Ever Whistleblower Award.Welsh government, New plan to help protect Wales from cyber-attacks and grow cyber sector.

Hello, and welcome to episode 56 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a slightly quieter week for financial crime this week, which is always good for someone who is at their busiest point in the academic year. Still, there are stories on sanctions, where we have seen a little more activity, money laundering, and interesting themes coming out of coordinated cyber-attacks. Let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are: British American Tobacco, BAT reaches agreement with U.S. Department of Justice (DOJ) and U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC).Insuring Cyber Podcast, Episode 60.The Guardian, UK company set up in name of top Putin official in Ukraine.The Guardian, UK ‘should impose sanctions on human rights abusers in Sudan’ – report.UK Companies House, Grainholding Ltd.UK Financial Conduct Authority, Financial watchdog puts banks on alert in fight against money laundering via the Post Office.UK Financial Conduct Authority, Regulation of Digital Assets in the UK.UK Government, UK and international partners announce new sanctions on Iranian regime (press release).UK Government, Guidance: Who is subject to financial sanctions in the UK?UK Government, Russia sanctions: guidance.UK Government, Foreign, Commonwealth & Development Office, The UK Sanctions List: Guidance.UK Government, Office of Financial Sanctions Implementation, Financial sanctions, ISIL (Da'esh) and Al-Qaida organisations.UK Government, Office of Financial Sanctions Implementation, Financial Sanctions Notice: Iran (Human Rights).UK National Crime Agency, Suspicious Activity Reports.UK National Crime Agency, New SAR Portal - How to Register and Sign in (YouTube).UK National Crime Agency, How to Submit a SAR using the new SAR Portal (YouTube).UK National Crime Agency, Money laundering cash couriers smuggled £100 million in suitcases.US Department of Justice, United States Obtains $629 Million Settlement with British American Tobacco to Resolve Illegal Sales to North Korea, Charges Facilitators in Illicit Tobacco Trade.US Department of Justice, New York Attorney Pleads Guilty To Conspiring To Commit Money Laundering To Promote Sanctions Violations By Associate Of Sanctioned Russian Oligarch.US Department of Justice, Former Public Official and California Contractor Sentenced for Bid Rigging and Bribery.US Department of Justice, Former Arkansas State Senator Sentenced for Role in Bribery Scheme.US Department of Justice, Twelfth Defendant Charged in International Money Laundering Conspiracy Apprehended in New York.US Department of Justice, North Korean Foreign Trade Bank Representative Charged in Crypto Laundering Conspiracies.US Department of the Treasury Office of Foreign Assets Control, Treasury Sanctions Officials of Iranian Intelligence Agency Responsible for Detention of U.S. Nationals in Iran.US Department of the Treasury Office of Foreign Assets Control, Treasury Sanctions Senior Iranian Officials Overseeing Violent Protest Suppression and Censorship. 

Hello, and welcome to episode 55 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s a bumper edition this week, with even a bit of a pick-up in the sanctions news. There are a couple of fraud reports out this week, and the Wolfsberg Group has published an update to it anti-bribery and corruption guidance. There’s a bit on money laundering, and market abuse, and we end with the usual review of the week’s cyber-attack news. Let’s crack on. These are the links to the principal documents mentioned in the podcast: European Commission, Opening remarks by Commissioner McGuinness at the European Parliament plenary joint debate on crypto-assets.European Commission, Cyber: towards stronger EU capabilities for effective operational cooperation, solidarity and resilience.European Parliament, Bureau adopts first decision on strengthening transparency and accountability.European Parliament, REPORT on the proposal for a regulation of the European Parliament and of the Council on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (Report - A9-0151/2023).European Parliament, Stopping the flow of dirty money: Parliament ready for negotiations.European Parliament Legislative Observatory, Markets in Crypto-assets (MiCA).European Union Anti-Fraud Programme, Call for proposals.European Union, European Union Funding and Tenders Portal.European Union, European Union Funding and Tenders Portal Online Manual.Feedzai, The Human Impact of Fraud and Financial Crime on Customer Trust in Banks.FieldFisher, New package of UK Sanctions on Russia.International Association of Insurance Supervisors, Global Insurance Market Report, Cyber Special Topic Edition: Cyber.International Association of Insurance Supervisors, IAIS GIMAR special topic edition provides assessment of cyber risks in the insurance sector and financial stability implications (press release).Office of the Superintendent of Financial Institutions, OSFI releases new framework to strengthen financial institutions’ resilience to cyber-attacks.Solicitors’ Regulation Authority, Sanctions questionnaire.The Wolfsberg Group, Publication of the ABC Guidance (press release).The Wolfsberg Group, Wolfsberg Anti-Bribery and Corruption Compliance Programme Guidance.The Wolfsberg Group, Wolfsberg Anti-Bribery and Corruption Compliance Programme Guidance (Executive Summary).UK Department for Business and Trade, NTE 2023/07: sanctions against Russia introduced in April 2023.UK Finance, New figures show £177.6m was lost to impersonation scams in 2022 as take five to stop fraud issues warning to the public.UK Insolvency Service, Tough action taken against company directors for COVID-19 financial abuse (press release).UK Insolvency Service, Enforcement Outcomes 2022/23.UK Legislation, The Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019 No 577.UK Legislation, The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2023.UK National Crime Agency, SARs in ACTION.UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: Counter-Terrorism (Domestic) (Nazem Ahmad).UK Office of Financial Sanctions Implementation, Financial sanctions: guidance (updated).UK Office of Financial Sanctions Implementation, Financial sanctions targets: list of all asset freeze targets.UK Office of Financial Sanctions Implementation, OFSI General Licence INT/2023/2883496 (Lithuanian Railways).UK Office of Financial Sanctions Implementation, High Value Dealer Guidance.UK Office of Financial Sanctions Implementation, Financial Sanctions Notice (21/04/23).UK Office of Financial Sanctions Implementation, Financial Sanctions Notice (Global Human Rights)(21/04/23).Ukraine government, УКАЗ ПРЕЗИДЕНТА УКРАЇНИ №227/2023.US Department of Justice, President of Metalhouse LLC Indicted for Sanctions Evasion and International Money Laundering.US Department of Justice, Brooklyn Federal Correctional Officer Charged with Bribery.US Department of Justice, Businessman Pleads Guilty to Bribing City of Atlanta and DeKalb County Officials to Obtain Contracts.US Department of Justice, Construction Company Owner Sentenced to 78 Months in Prison and Ordered to Pay Nearly $1 Million in Restitution for Rigging Bids and Bribing a Public Official.US Department of Justice, Former Venezuelan National Treasurer and Her Husband Sentenced in Money Laundering and International Bribery Scheme.US Department of Justice, Justice Department Announces Nationwide Coordinated Law Enforcement Action to Combat COVID-19 Health Care Fraud.US Department of the Treasury, Remarks by Assistant Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg on DeFi Risk Assessment at the Atlantic Council.US Department of the Treasury Office of Foreign Assets Control, Treasury Sanctions Procurement Network Supporting Iran’s UAV and Military Programs.US Department of the Treasury Office of Foreign Assets Control, Treasury Sanctions Three Nicaraguan Judicial Officials Involved in Human Rights Abuses.US Department of the Treasury Office of Foreign Assets Control, Treasury Disrupts International Money Laundering and Sanctions Evasion Network Supporting Hizballah Financier.US Securities and Exchange Commission, SEC Charges Crypto Asset Trading Platform Bittrex and its Former CEO for Operating an Unregistered Exchange, Broker, and Clearing Agency.

Hello and welcome to this special edition of the Financial Crime Weekly podcast where we look at the proposal of the UK government to introduce a new offence to the Economic Crime and Corporate Transparency Bill which is currently making its way through Parliament. The proposal, of which we do not have a draft but from what has been trailed, appears to mirror the offence of failure to prevent bribery which is in section 7, Bribery Act 2010. This podcast looks at the proposal against the backdrop of the failure to prevent bribery offence.

Hello, and welcome to episode 54 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been another bumper week for financial crime this week, so my hopes that there would be an ease down in work were short-lived. Lots of news on everything, except for sanctions, with a round-up of cyber-attack news at the end. These are the links to the principal documents mentioned in the podcast: Cooley, Treasury Department Releases Report on Money Laundering Risks, Decentralized Finance.Council of the European Union, Russia's war of aggression against Ukraine: Wagner Group and RIA FAN added to the EU's sanctions list.European Parliament (Committee on Economic and Monetary Affairs, Civil Liberties, Justice and Home Affairs), REPORT on the proposal for a regulation of the European Parliament and of the Council establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism and amending Regulations (EU) No 1093/2010, (EU) 1094/2010, (EU) 1095/2010.Financial Stability Board, Recommendations to Achieve Greater Convergence in Cyber Incident Reporting: Final Report.International Monetary Fund, IMF Executive Board Concludes Review of the Implementation of the Framework for Enhanced Engagement on Governance (press release).International Monetary Fund, Review of Implementation of The 2018 Framework for Enhanced Fund Engagement on Governance.International Monetary Fund, Review of 1997 Guidance Note on Governance - A Proposed Framework for Enhanced Fund Engagement.International Monetary Fund, Good Governance: The IMF's Role.Solicitors’ Regulation Authority, Goad & Butcher.UK Department for Work and Pensions, Guidance: Changes in the fraud and error in the benefit system: financial year 2022 to 2023 estimates.UK Financial Conduct Authority, TSB fined £48.65m for operational resilience failings (press notice).UK Financial Conduct Authority, TSB Bank plc (Final Notice).UK Foreign, Commonwealth & Development Office, UK sanctions Abramovich and Usmanov's financial fixers in crackdown on oligarch enablers.UK Government, Policy paper Factsheet: failure to prevent fraud offence.UK Home Office, New crackdown on fraud introduced by the Home Office (press release).UK National Crime Agency, Former Cambridge don who defrauded Government energy grants repays more that £1m.UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (12/04/2023).UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (13/04/2023).UK Office of Financial Sanctions Implementation, Financial sanctions targets: list of all asset freeze targets (updated).UK Prudential Regulation Authority, PRA fines the former Chief Information Officer of TSB Bank plc for a breach of the PRA’s Senior Manager Conduct Rules (press release).UK Prudential Regulation Authority, Carlos Abarca (Final Notice).UK Prudential Regulation Authority, TSB fined £48.65m for operational resilience failings (press release).UK Prudential Regulation Authority, TSB Bank plc (Final Notice).Ukraine Ministry of Defence, The composition of the Public Anticorruption Committee under the Ministry of Defense has been approved.US Department of Justice, Former Executives of Outcome Health Convicted in $1B Corporate Fraud Scheme.US Department of Justice, Restaurateur Sentenced To 57 Months In Prison For Over $6 Million Pandemic Loan Fraud And Interstate Threats.US Department of Justice, All defendants plead guilty in drug trafficking, COVID fraud operation tied to Savannah strip clubs.US Department of Justice, Former Investment Banker and Registered Broker Arrested for Operating Cryptocurrency Investment Fraud Scheme.US Department of Justice, Former Puerto Rico Mayor Pleads Guilty to Bribery Scheme.US Department of Justice, Man Sentenced for Bribery Schemes Involving Millions of Dollars in U.S.-Funded Military Contracts and Visa Fraud.US Department of Justice, Sophisticated Sinaloa Cartel Money Laundering Organization Dismantled.US Department of Justice, U.S. Attorney Announces Charges Against Leadership Of The Sinaloa Cartel And 25 Other Defendants In Massive Fentanyl Importation And Trafficking Conspiracies.US Department of Justice, Justice Department Announces Total Distribution of Over $6B to Victims of State Sponsored Terrorism.US Department of Justice, Readout of U.S. Attorney General Merrick B. Garland’s Meeting with Singapore Attorney General Lucien Wong.US Department of the Treasury, Treasury Releases 2023 DeFi Illicit Finance Risk Assessment (press release).US Department of the Treasury, Illicit Finance Risk Assessment of Decentralized Finance (report).US Department of the Treasury Office of Foreign Assets Control, Treasury Targets Russian Financial Facilitators and Sanctions Evaders Around the World.

Hello and welcome to this special edition of the Financial Crime Weekly podcast where we look at the recently published National Audit Office Report, Tackling fraud and corruption against government. The report is a broad-ranging one which seeks to make plain the scale of the losses caused to the public purse by fraud and corruption. In some eye-watering commentary on the increase in scale over recent years, the plan makes recommendations to prevent problems on such a dramatic scale as presented in the report.

Hello, and welcome to episode 53 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been another bumper week for financial crime this week, so my hopes that there would be an ease down in work were short-lived. Lots of news on everything, except for sanctions, with a round-up of cyber-attack news at the end. These are the links to the principal documents mentioned in the podcast: BBC, ChatGPT: Mayor starts legal bid over false bribery claim.Clyde & Co, Directors' and Officers' Liability Survey 2023.European Central Bank, Money laundering must be tackled at European level.European Data Protection Board, EDPB adopted letter to EU institutions on data sharing for AML/CFT purposes (press release).European Data Protection Board, EDPB letter to the European Parliament, the Council, and the European Commission on data sharing for AML-CFT purposes in light of the Council’s mandate for negotiations.Gambling Commission, Gambling business TGP Europe fined £316,250 (press release).Gambling Commission, Notice of Regulatory Sanction (TGP Europe Limited).National Cyber Security Centre, 3CX DesktopApp security issue.National Cyber Security Centre, Free Cyber Action Plan.National Cyber Security Centre, Check your cyber security.UK Financial Conduct Authority, FCA and ASA team up with Sharon Gaffka to warn fin-fluencers of risks of promoting illegal ‘get rich quick’ schemes (press release).UK Financial Conduct Authority, FCA and ASA team up to warn finfluencers of risks of promoting illegal ‘get rich quick’ schemes (infographic).UK Financial Conduct Authority, Business Plan 2023/24.UK Financial Conduct Authority, Three individuals convicted and sentenced to a combined 24 and a half years for 'all-or-nothing’ investment fraud.UK Food Standards Agency, CEO Statement on meat fraud investigation.UK Food Standards Agency, Chief Executive’s message to stakeholders – Our meat fraud investigation.UK Ministry of Justice, Scammers using Ministry of Justice telephone numbers.UK Ministry of Justice, Fraud and scams (Legacy link).UK National Crime Agency, Money laundering couple caught smuggling criminal cash during lockdown.UK Office of Financial Sanctions Implementation, Financial sanctions, Cyber.UK Office of Financial Sanctions Implementation, Financial sanctions, Russia.UK Serious Fraud Office, SFO secures sentences totalling over 13 years for executives behind $500m bank fraud.US Department of Justice, Boston Man Convicted of Money Laundering Conspiracy.US Department of Justice, Former Start-Up CEO Charged In $175 Million Fraud.US Department of Justice, Man Pleads Guilty to $3.1M Medicare Fraud Scheme.US Department of Justice, Texas Laboratory Agrees to Pay $5.9 Million to Settle Allegations of Kickbacks to Third Party Marketers and Unnecessary Drug Tests.US Department of the Treasury’s Office of Foreign Assets Control, Treasury Sanctions Facilitator for Attempted Arms Deals Between North Korea and Russia.

Hello and welcome to this special edition of the Financial Crime Weekly podcast where we look at the UK government’s Economic Crime Plan 2 2023 – 2026. The plan seeks to embolden work which is already underway, providing a clear timeline for implementation. In this episode, we consider the proposals in the action points in the Plan, look to see what people have been saying about it, before I highlight what I think is the perennial omission from all these attempts to tackle economic crime.

Hello, and welcome to episode 52 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a bumper week for financial crime this week, with big stories on fraud, money laundering, and especially bribery and anti-corruption. However, this week’s big news in the UK – the publication by HMG of Economic Crime Plan 2 will be the subject of a podcast special coming up mid-week, so look out for that. Let’s make a start on this week’s still bumper edition. These are the links to the principal documents mentioned in the podcast: European Bank for Reconstruction and Development, EBRD and ACAMS step up anti-financial crime training in North Africa and Middle East.European Banking Authority, EBA consults on amendments to Guidelines on risk-based AML/CFT supervision to include crypto-asset service providers.European Parliament, New EU measures against money laundering and terrorist financing.European Union Agency for Cybersecurity, Cybersecurity market analysis of the cloud and an updated version of the cybersecurity market analysis framework.Financial Accountability and Corporate Transparency Coalition, Anti-Corruption Advocates Urge Treasury to Appoint a Permanent Director to Lead the Nation’s Financial Crime Fighters (press release).Financial Accountability and Corporate Transparency Coalition, Permanent Leadership of the Financial Crimes Enforcement Network (FinCEN).Financial Crimes Enforcement Network (FinCEN), FinCEN Issues Initial Beneficial Ownership Information Reporting Guidance (press release).Financial Crimes Enforcement Network (FinCEN), Beneficial Ownership Information Reporting.Gambling Commission, William Hill Group businesses to pay record £19.2m for failures (press release).Gambling Commission, WHG (International) Limited Public Statement.Gambling Commission, Mr Green Limited Public Statement.Gambling Commission, William Hill Organization Limited Public Statement.Transparency International, Summit for democracy: opportunity for governments to recommit to anti-corruption.Transparency International and Others, Cohort on International Cooperation for Anti-Corruption.UK Government, Government sets out strategy to protect NHS from cyber-attacks (press release).UK Government, Policy paper: Cyber security strategy for health and social care: 2023 to 2030.UK Government, OFSI General Licence INT/2023/2824812.US Department of Justice, CEO of Titanium Blockchain Sentenced for $21M Cryptocurrency Fraud Scheme.US Department of Justice, Justice Department Recovers Over $53M in Profits Obtained from Corruption in the Nigerian Oil Industry.US Department of Justice, Former Puerto Rico Mayor Convicted of Accepting Bribes.US Department of Justice, Correctional Officer Pleads Guilty to Receiving Bribes for Smuggling Drugs into D.C. Jail.US Department of Justice, Former Law Firm Partner Arrested For Bankruptcy Fraud.US Department of State, United States Imposes Sanctions on Iranian Military Procurement Network.US Department of State, Summit for Democracy 2023.US Department of State, Summit for Democracy Commitment on Beneficial Ownership and Misuse of Legal Persons.US Department of the Treasury, Treasury Continues to Sanction Procurement Networks for Iran’s UAV and Weapons Programs.US Department of the Treasury, Treasury Targets Belarusian State-Owned Enterprises, Government Officials, and Lukashenka’s Aircraft.US Department of the Treasury, Treasury Sanctions Syrian Regime and Lebanese Actors Involved in Illicit Drug Production and Trafficking.US Department of the Treasury, Remarks by Secretary Janet L. Yellen on Anti-Corruption as a Cornerstone of a Fair, Accountable, and Democratic Economy at the Summit for Democracy.US Securities and Exchange Commission, SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations.

Hello, and welcome to episode 51 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a very busy week for financial crime news this week. There’s a decent wedge of news on sanctions, fraud, bribery, and money laundering. We’ll also round-up the week’s cyber-attacks. Let’s make a start.These are the links to the principal documents mentioned in the podcast:BBC News, Fraud victim gets surprise £153,000 refund despite rules.Council of the European Union, Human rights violations in Iran: EU sanctions additional eight individuals and one entity.Gambling Commission, Gambling Commission fines 32Red and Platinum Gaming £7.1m.Gambling Commission, 32Red Ltd Decision Notice.Gambling Commission, Platinum Gaming Ltd Decision Notice.Government of Canada, Canada bans Russian aluminium and steel imports.Government of Canada, Regulations Amending the Special Economic Measures (Russia) Regulations.HM Treasury, Joint HM Treasury and FCA statement on the Criminal Market Abuse Regimev.International Monetary Fund, Opening Remarks for the Press Briefing on the IMF Executive Board Approval of the Extended Fund Facility (EFF) Arrangement for Sri Lanka.International Monetary Fund, Sri Lanka: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka.International Monetary Fund, IMF Executive Board Approves US$3 Billion Under the New Extended Fund Facility (EFF) Arrangement for Sri Lanka.Joint Money Laundering Steering Group (JMLSG), Sector 8 (Non-life providers of investment fund products).Joint Money Laundering Steering Group (JMLSG), Sector 9 (Discretionary and advisory investment management).Office of Financial Sanctions Implementation, General Licence – INT/2023/2589788.Office of Financial Sanctions Implementation, Russia Sanctions: Guidance.Payment Systems Regulator, PSR will publish data on how well customers are protected from scams.Serious Fraud Office, SFO secures over $7 million from convicted Brazilian money launderer.Serious Fraud Office, SFO recovers criminal assets from £740m property fraud concealed through school donation.UK government, UK sanctions top Islamic Revolutionary Guard Corps financiers.US Attorney’s Office, Money Launderer Sentenced for $8 Million Romance Scam Fraud Scheme.US Department of Justice, Former Florida State Representative Pleads Guilty To Wire Fraud, Money Laundering, And Making False Statements In Connection With Covid-19 Relief Fraud.US Embassy in Bulgaria, Remarks by Richard Nephew, U.S. State Department Coordinator on Global Anti-Corruption.

Hello, and welcome to episode 50 – our half century - of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a good week for financial crime news this week, especially if we include some stories which came in at the tail-end of last week. Lots on fraud, money laundering, and a round-up of this week’s cyber-attack news, so let’s make a start.These are the links to the principal documents mentioned in the podcast:Baker and McKenzie, UK: OFSI updates monetary penalties guidance to address issues of ownership and control.European Union Agency for Cybersecurity, Embedded SIM Ecosystem, Security Risks and Measures Report.European Union Agency for Cybersecurity, Fog and Edge Computing in 5G Report.FBI, Internet Crime Report 2022.Financial Action Task Force, Guidance on Beneficial Ownership of Legal Persons.Financial Action Task Force, The FATF Recommendations.Financial Conduct Authority, Blackmore Bond PLC: correspondence regarding the acquisition of CGS Claims funding.House of Lords Fraud Act 2006 and Digital Fraud Committee, HM government’s response to the Committee’s report ‘Fighting Fraud: Breaking the Chain’.International Monetary Fund, Mounting Cyber Threats Mean Financial Firms Urgently Need Better Safeguards.LSE Blog, What impact have EU sanctions had on the Russian economy?MacFarlanes, Updated OFSI guidance on enforcement and monetary penalties.Max Planck Institute for the Study of Crime, Security and Law, Protecting the EU’s financial interests: Workshop on recent legal anti-fraud research.Office for Professional Body Anti-Money Laundering Supervision, Multi-Professional Body Supervisor (PBS) project on Trust and Company Service Providers (TCSP) risk.Ofcom, Online fraud – how to protect yourself (Press release).Ofcom, Scale and impact of online fraud revealed (Press release).Ofcom, Online Fraud and Scams (Report).Trace International, Global Enforcement Report 2022 (Download link).UK Financial Intelligence Unit, Guidance on submitting better quality Suspicious Activity Reports Reports (SARs).UK government, United Kingdom helps freeze more than £48 billion in Russian assets.UK government, Monetary penalties for breaches of financial sanctions.US Securities and Exchange Commission, Commissioner Caroline A. Crenshaw, Statement on Amendments to Regulation S-P, Cybersecurity Risk Management, and Amendments to Regulation SCI.UK Supreme Court, The Law Debenture Trust Corporation plc v Ukraine (Represented by the Minister of Finance of Ukraine acting upon the instructions of the Cabinet of Ministers of Ukraine) (Judgment).UK Supreme Court, The Law Debenture Trust Corporation plc v Ukraine (Represented by the Minister of Finance of Ukraine acting upon the instructions of the Cabinet of Ministers of Ukraine) (Press Summary).US Attorney’s Office, Former South Florida Regional Bank Manager Sentenced for COVID-19 Relief Fraud.US Department of the Treasury, Remarks on Illicit Finance by Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg in Sydney, Australia.

Hello, and welcome to episode 49 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a decent week this week, with the usual mix of sanctions, bribery, and fraud. We’ll also round-up this week’s cyber-attack news, so let’s make a start.These are the links to the principal documents mentioned in the podcast:Council of the European Union, Violence against women and girls: EU sanctions nine individuals and three entities under its Global Human Rights Sanctions Regime.Council on Ethics for the Norwegian Government Pension Fund Global, Annual Report 2022.Court of Justice of the European Union, The General Court annuls the restrictive measures applied to Ms Violetta Prigozhina, mother of Mr Yevgeniy Prigozhin, in the context of Russia’s war against Ukraine (Press release).Court of Justice of the European Union, Judgment of the General Court in Case T-212/22 | Prigozhina v Council.Financial Conduct Authority, FCA takes further action against unregistered crypto ATMs in East London.Financial Conduct Authority, FCA to collect Treasury’s economic crime levy (Anti-Money Laundering) from July.Official Journal of the European Union, Restrictive Measures Regulations and Decisions.Transparency International, Transparency International Designated As “Undesirable” By Russian Federation.UK National Crime Agency, Network behind £70m criminal money laundering service dismantled.UK Insolvency Service, 22 years of bans for two separate company directors who dissolved their businesses to take covid loan scheme money.UK Insolvency Service, Seven year ban for care staff recruiter after abusing two Covid support schemes.UK Insolvency Service, Two Sheffield businessmen banned for total of 17 years for falsely claiming covid loans for their companies.US Attorney’s Office Eastern District of Virginia, Ashburn Woman Convicted of $2.5 Million Pandemic Fraud.Us Department of Justice, Former Goldman Sachs Investment Banker Sentenced in $2.7B Bribery and Money Laundering Scheme.US Department of the Treasury, Marking International Women’s Day, Treasury Sanctions Iranian Officials and Entities for Serious Human Rights Abuses.US Department of the Treasury, Treasury Sanctions People Involved in Serious Human Rights Abuse Against Vladimir Kara-Murza.US Department of the Treasury, Treasury Targets Sanctions Evasion Network Moving Billions for Iranian Regime.US Securities and Exchange Commission, SEC Charges Rio Tinto plc with Bribery Controls Failures.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been a very quiet week this week, with a little on sanctions, bribery, and fraud. We’ll also round-up this week’s cyber-attack news (and there isn’t much on that either), so let’s make a start.These are the links to the principal documents mentioned in the podcast:Council of Europe, 10th package of sanctions on Russia’s war of aggression against Ukraine: the EU includes additional 87 individuals and 34 entities to the EU’s sanctions listv.European Commission, EU agrees 10th package of sanctions against Russia.European Public Prosecutor’s Office, MEP investigated for fraud involving parliamentary allowances: EPPO seizes over €170 000.European Public Prosecutor’s Office, Sicily: EPPO seizes assets in investigation into €600 000 fraud involving agricultural funds.The White House, FACT SHEET: President Biden’s Sweeping Pandemic Anti-Fraud Proposal: Going After Systemic Fraud, Taking on Identity Theft, Helping Victims.UK Government, Guidance: Russian Oil Services ban.US Department of Justice, 16 Defendants Charged in 112-Count Indictment Alleging Bank Fraud and Aggravated Identity Theft in Stolen Mail Scheme.US Department of Justice, Former Bank Employee Charged With Million-Dollar Fraud And Embezzlement Scheme.US Department of Justice, Co-Leader of COVID-19 Loan Fraud Ring Extradited from Montenegro to Begin Serving Prison Sentence.US Department of Justice, Ericsson to Plead Guilty and Pay Over $206M Following Breach of 2019 FCPA Deferred Prosecution Agreement.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been a relatively quiet week this week, with a little on sanctions and fraud, as well as a curious money laundering story. We’ll also round-up this week’s cyber-attack news, so let’s make a start.These are the links to the principal documents mentioned in the podcast:Alexander Dyck, Adair Morse & Luigi Zingales, How pervasive is corporate fraud?AUSTRAC, AUSTRAC cements partnership with United Kingdom to intensify fight against financial crime.Capital Markets Institute, How Pervasive is Corporate Fraud? It’s More Common Than You Might Think.Council of the European Union, Myanmar/Burma: EU imposes sixth round of sanctions against 9 individuals and 7 entities.Crown Prosecution Service, Three city workers sentenced in a $8.45m hedge and wealth fund fraud.Financial Action Task Force, Outcomes FATF Plenary, 22-24 February 2023.Financial Action Task Force, Statement on the Russian Federation.Financial Conduct Authority, Armchair detective investors take inspiration from Sherlock Holmes to foil investment scams.National Crime Agency, City fund managers sentenced to 12 years for $8m fraud.National Cyber Security Centre, Threat Report 24th February 2023.The White House, FACT SHEET: On One Year Anniversary of Russia’s Invasion of Ukraine, Biden Administration Announces Actions to Support Ukraine and Hold Russia Accountable.UK Office of Financial Sanctions Implementation, Consolidated List of Financial Sanctions Targets in the UK: Russia.UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.UK Office of Financial Sanctions Implementation, Understanding OFSI: An Introductory Webinar.US Department of Justice, Fraud Section Year in Review 2022.US Department of the Treasury, Remarks by Deputy Secretary of the Treasury Wally Adeyemo on International Sanctions Against Russia.World Economic Forum, Cyber scams are exploiting Türkiye-Syria earthquake relief efforts.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. A good range of stories this week, with plenty on sanctions, money laundering, fraud, and corruption. Also, there is a round-up of the cyber-attack news making the headlines this week, so let’s make a start.These are the links to the principal documents mentioned in the podcast:Cifas, 1 in 12 Brits have lied about qualifications on a CV.European Commission, Statement by President von der Leyen on the 10th package of sanctions against Russia.Gambling Commission, Blue Star Planet Limited Public Statement.Insolvency Service, Bounce Back Loan fraudster jailed for 12 months.Insolvency Service, 10-year ban for boss of Fortress Restructuring Ltd after wrongly claiming £50,000 loan.Judicial Committee of the Privy Council, The Attorney General v The Jamaican Bar Association; The General Legal Council v The Jamaican Bar Association [2023] UKPC 6.Office of Financial Sanctions Implementation, Understanding OFSI: An Introductory Webinar.Pinsent Masons, Understand ransomware payment risks before incidents happen, says expert.The Guardian, Beware of Valentine’s Day romance fraud, UK online daters told.The Guardian, Fake doctor who worked in NHS for 20 years found guilty of fraud.UK government, Independent Member appointed to the Committee on Standards in Public Life.UK Home Office, Joint Fraud Taskforce board minutes: 21 November 2022.US Department of Justice, Deputy Assistant Attorney General Lisa H. Miller Delivers Remarks at the University of Southern California Gould School of Law on Corporate Enforcement and Compliance.US Department of Justice, Senior Oil and Gas Trader and Brazil-Based Intermediary Charged in Bribery and Money Laundering Scheme.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. A good deal spinning around the world of financial crime this week. There has been a slight up-tick in activity on sanctions, including enforcement against some of those allegedly aiding sanctioned individuals. There is also some significant fraud news, and the FCA in the UK has been active in taking enforcement action this week. And, as we’ve started to do, there is a round-up of the mass of cyber news making the headlines this week, so let’s make a start.These are the links to the principal documents mentioned in the podcast: Financial Conduct Authority, FCA calls on victims of Richard Faithfull to come forward ahead of confiscation hearing.Financial Conduct Authority, FCA starts court process to recover money for investors.Financial Conduct Authority, Cryptoasset firms marketing to UK consumers must get ready for financial promotions regime.Financial Conduct Authority, Campbell & Associates Independent Financial Advice Ltd (First Supervisory Notice).Microsoft blog post, Iran responsible for Charlie Hebdo attacks.Payment Systems Regulator, PSR sets out proposed plans for the reporting of Authorised Push Payment scams (press release).Payment Systems Regulator, CP23/1: APP scams data publishing guidance (consultation paper).The Wolfsberg Group, Publication of the CBDDQ, FCCQ, Guidance, Glossary and FAQs (press release).The Wolfsberg Group, Correspondent Banking Due Diligence Questionnaire (CBDDQ) (version 1.2), Financial Crime Compliance Questionnaire (FCCQ), and updated supporting Guidance, Glossary and FAQs.UK government, New sanctions target Putin’s war machine and financial networks as UK accelerates economic pressure on Russia (press release).UK government, Financial Sanctions, Global Anti-Corruption (updated list).UK government (Home Office), Review of the Computer Misuse Act 1990: consultation and response to call for information.UK government (HM Treasury), Government approach to cryptoasset financial promotions regulation policy statement.UK government (HM Treasury), UK Sanctions List Publication (updated 09/02/2023).UK government, HM Treasury Office of Financial Sanctions Implementation, Ransomware and Sanctions Guidance on Ransomware and Financial Sanctions.UK government, Webpage linking all issued guidance on Financial Sanctions.UK government (Department for Digital, Culture, Media and Sport), Call for views on software resilience and security for businesses and organisations.US Department of the Treasury, Remarks by Under Secretary for International Affairs Jay Shambaugh at Afore Consulting’s 7th Annual FinTech and Regulation Conference.US Department of the Treasury, United States and United Kingdom Sanction Members of Russia-Based Trickbot Cybercrime Gang.US Department of the Treasury, Treasury Sanctions Companies Involved in Production, Sale, and Shipment of Iranian Petrochemicals and Petroleum.US Department of Justice, Associate of Sanctioned Oligarch Indicted for Sanctions Evasion and Money Laundering.US Department of Justice, Nearly 40,000 Victims Receive Over $115M in Compensation for Fraud Schemes Processed by MoneyGram.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. A good deal spinning around the world of financial crime this week. Some sanctions news, more on corruption from TI, as well as money laundering and fraud. Oh, and cyber, cyber, everywhere, so let’s crack on.These are the links to the principal documents mentioned in the podcast:Council of the European Union, Russia: EU prolongs economic sanctions over Russia’s military aggression against Ukraine.European Public Prosecutor’s Office, Lithuania: EPPO uncovers €580 000 fraud, EU funds fully recovered.Financial Action Task Force, FATF Annual Report 2021-2022.National Crime Agency, New SAR Portal FAQs.National Crime Agency, Cyber Choices game.Office of Financial Sanctions Implementation, OFSI General Licences (updated).Office of Financial Sanctions Implementation, Russian Oil Services ban (updated).Office of Financial Sanctions Implementation, Who is subject to financial sanctions in the UK? (updated).Pinsent Masons, Data suggests Russia-Ukraine conflict impact on cyber threats.Serious Fraud Office, Serious Fraud Office secures three convictions in $500 million trade finance fraud.Transparency International, Corruption Perceptions Index 2022.UK government, Corruption crackdown under new government anti-money laundering laws.UK Insolvency Service, Birmingham scaffolder given 11-year ban for abuse of Covid-19 financial support.UK Insolvency Service, Postmasters impacted by Horizon who may have been made bankrupt.UK Parliament, Lords scrutinises Economic Crime and Corporate Transparency Bill.US Department of the Treasury Office of Foreign Assets Control, Treasury Targets Global Sanctions Evasion Network Supporting Russia’s Military-Industrial Complex.US Government Accountability Office, Emergency Relief Funds: Significant Improvements Are Needed to Address Fraud and Improper Payments.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. The world of financial crime has another busy week, with plenty of sanctions, money laundering, and cyber. Cyber, cyber, everywhere, so let’s crack on.These are the links to the principal documents mentioned in the podcast:European Union, The European Commission asks for the public’s view in the fight against corruption.Financial Conduct Authority, Five individuals face conspiracy to insider deal and money laundering charges.Financial Conduct Authority, Cryptoasset AML/CTF regime: feedback on good and poor quality applications.Gambling Commission, £6.1m fine for online operator In Touch Games.National Crime Agency, HIVE takedown: NCA in international operation to shut down $100m ransomware threat.National Crime Agency, Suspicious Activity Report (SARs) Annual Report 2022 (press release).National Crime Agency, Suspicious Activity Report (SARs) Annual Report 2022.Open Democracy, Revealed: UK government helped sanctioned Putin ally sue British journalist.UK Insolvency Service, Two directors who wrongly claimed Bounce Back Loans convicted.UK Insolvency Service, Three company directors banned for a total of 30 years for abusing Bounce Back Loans.UK Treasury Select Committee, 85% of crypto firms failed to meet minimum standards, according to FCA.UK Treasury Select Committee, Correspondence from FCA to Committee concerning the cryptoasset industry.US Department of Justice, Former Special Agent in Charge of the FBI New York Counterintelligence Division Charged with Violating U.S. Sanctions on Russia.US Department of the Treasury, Treasury Sanctions Russian Proxy Wagner Group as a Transnational Criminal Organization.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. The world of financial crime has another busy week, with plenty of sanctions, money laundering, and cyber. Cyber, cyber, everywhere, so let’s crack on.These are the links to the principal documents mentioned in the podcast:Council of Europe: Group of States Against Corruption, Bulgaria: Council of Europe anti-corruption body publishes a report on corruption prevention and integrity concerning top executive functions and the police (press release).Council of Europe: Group of States Against Corruption, FIFTH EVALUATION ROUND Preventing corruption and promoting integrity in central governments (top executive functions) and law enforcement agencies: EVALUATION REPORT BULGARIA (report).Following the Rules, Lucy McNulty interviews Tom Hayes.International Monetary Fund, Blog post: Crypto Contagion Underscores Why Global Regulators Must Act Fast to Stem Risk.International Monetary Fund, Cyber Resilience—Delivering through Disruption.UK Gambling Commission, Vivaro Limited Public Statement.UK Gambling Commission, Online gambling business TonyBet fined £442,750.UK Government, Factsheet: new information request power for the Solicitors Regulation Authority in relation to economic crime.UK National Cyber Security Centre and The National Grid for Learning, Cybersecurity Schools Audit.UK Parliament International Trade Committee, MPs to investigate effectiveness and impact of UK’s trade sanctions on Russia.US Department of Justice, Speech by Assistant Attorney General, Kenneth A. Polite, Jr., Remarks on Revisions to the Criminal Division’s Corporate Enforcement Policy.US Department of Justice, Founder and Majority Owner of Bitzlato, a Cryptocurrency Exchange, Charged with Unlicensed Money Transmitting.US Depart of Justice, Arrest and Criminal Charges Against British and Russian Businessmen for Facilitating Sanctions Evasion of Russian Oligarch’s $90 Million Yacht.US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), FinCEN Identifies Virtual Currency Exchange Bitzlato as a “Primary Money Laundering Concern” in Connection with Russian Illicit Finance.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. The world of financial crime gets a bit busier this week as 2023 starts to warm up. A good range of fraud stories, with a lot from the UK National Cyber Security Centre, including some interesting free events to attend. The UK Financial Conduct Authority has also been busy too. Let’s just get on with it.These are the links to the principal documents mentioned in the podcast:Companies House, Register of Overseas Entities Reminder Letter.Companies House, Disposing of UK property as an overseas entity.Council of Europe, Criminal Law Convention on Corruption.Financial Action Task Force, Consolidated Assessment Ratings.Financial Conduct Authority, Final Notice: Guaranty Trust Bank (UK) Ltd.Financial Conduct Authority, FCA fines Guaranty Trust Bank (UK) Limited £7.6million for further failures in its anti-money laundering systems and controls.Financial Conduct Authority, Final Notice: Al Rayan Bank plc.Financial Conduct Authority, FCA penalises Al Rayan Bank PLC for anti-money laundering failures.Financial Conduct Authority, Letter to wholesale brokers.Financial Conduct Authority, Market Watch 62.Financial Conduct Authority, Market Watch 69.Financial Conduct Authority, 2023 Fines.Insolvency Service, Coventry artist hit with 7-year ban for abusing Bounce Back Loan.National Cyber Security Centre, NCSC Digital Loft: Updating the Cyber Essentials technical requirements for 2023.National Cyber Security Centre, NCSC Digital Loft: Incident Management & the cyber threat from Russia.National Cyber Security Centre, Threat Report 13th January 2023.Office for Professional Body Anti‑Money Laundering Supervision (OPBAS), Sourcebook for professional body anti‑money laundering supervisors.Spotlight on Corruption, From Serious Farce to Serious Force – 4 priorities for beefing up the Serious Fraud Office in 2023.Spotlight on Corruption, Tribunal’s Covid loan scheme ruling should not let the government off the hook.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. The world of financial crime continues to have a gentle movement into 2023. Nevertheless, some interesting stories this week concerning Abramovich, the sanctioned Russian oligarch, some interesting fraud news, especially in light of last week’s story about possible removal of cyber insurance, and we end with a good range of money laundering stories from around the world. Let’s crack on with it.These are the links to the principal documents mentioned in the podcast:Forbes, Russian Billionaire Roman Abramovich Owns 16 Yachts And Vessels, 10 More Than Previously Known.The Guardian, Leak reveals Roman Abramovich’s billion-dollar trusts transferred before Russia sanctions.U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), Treasury Sanctions Suppliers of Iranian UAVs Used to Target Ukraine’s Civilian Infrastructure.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It has, as I would expect, between the Christmas and New Year period, been a quiet period for financial crime stories. Nevertheless, there are a few interesting tit-bits, including a significant comment from the CEO of Zurich, the global insurance company. Let’s crack on with it.These are the links to the principal documents mentioned in the podcast:The Guardian, Gibraltar: UK police asked to help with inquiry into alleged government corruption.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It has, as I would expect in those countries that observe Christmas, been a quiet period in the run-up to the holidays. So, I’ve gone back a week to cover something which I dropped last week, to go alongside the usual mix of money laundering, fraud and sanctions. As usual, the links, where available, to key stories are in the podcast description. Let’s crack on with it.These are the links to the principal documents mentioned in the podcast:European Commission, Anti-money laundering: the Commission updates its list of high-risk third-country jurisdictions to strengthen the international fight against financial crime (news article).European Commission, COMMISSION DELEGATED REGULATION (EU) /... amending Delegated Regulation (EU) 2016/1675 as regards adding Democratic Republic of the Congo, Gibraltar, Mozambique, Tanzania and United Arab Emirates to the table I of the Annex to Delegated Regulation (EU) 2016/1675 and deleting Nicaragua, Pakistan and Zimbabwe from that table.National Crime Agency, SARs in Action.National Crime Agency, Vulnerablity and/or Welfare Concerns for Individuals.UK government, Updated sanctions guidance.UK government, Anti-money laundering and countering the financing of terrorism: Supervision Report 2020-22.US Department of Justice, Felon Pleads Guilty to PPP Loan Fraud, Money Laundering and Drug Offenses.US Department of Justice, Ian Freeman Convicted On All Counts Relating To Bitcoin Money Laundering Scheme.US Department of the Treasury Office of Foreign Assets Control, 18 individuals and entities added to Specially Designated Nationals and Blocked Persons List.US State Department, The United States Imposes Sanctions on Russian Naval Entities.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It has been a dramatically busy week this week, and there’s me thinking that things might be calming down as we approach the holiday season. This week, the UK financial conduct regulator has been busy issuing fines, a bit of bribery and corruption news has come out, and some useful resources updated and published for anyone working in compliance globally. Let’s crack on with it.These are the links to the principal documents mentioned in the podcast:Dentons, Anti-Bribery and Anti-Corruption Laws: Prohibited conduct, penalties and prosecution.European Council, Russia’s war of aggression against Ukraine: EU adopts 9th package of economic and individual sanctions.European Parliament, Passes resolution in light of Qatar bribery and corruption issue.European Payments Council, 2022 Payment Threats and Fraud Trends Report.European Union, Fraud prevention portal.UK Crown Prosecution Service, Three city workers found guilty in a £17.8m hedge and wealth fund fraud.UK Financial Conduct Authority, FCA fines Santander UK £107.7 million for repeated anti-money laundering failures.UK Financial Conduct Authority, The Final Notice for Santander UK plc.UK Financial Conduct Authority, FCA fines Metro Bank PLC £10 million and publishes Decision Notices for two of its former executive directors.UK Financial Conduct Authority, Final Notice for Metro Bank PLC.UK Financial Conduct Authority, Decision Notice for Craig Donaldson.UK Financial Conduct Authority, Decision Notice for David Arden.UK Financial Conduct Authority, Festive shoppers at rising risk of loan fee scams as fraudsters pile on the pressure at Christmas.UK Financial Conduct Authority, Loan Fee Fraud Information.UK Financial Conduct Authority, Multi-factor authentication for FCA systems.UK government, New UK sanctions target senior Russian commanders following strikes on Ukrainian civilian infrastructure.US Securities and Exchange Commission, SEC Charges Samuel Bankman-Fried with Defrauding Investors in Crypto Asset Trading Platform FTX.US Securities and Exchange Commission, SEC Charges Eight Social Media Influencers in $100 Million Stock Manipulation Scheme Promoted on Discord and Twitter.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. Money laundering and sanctions top the bill this week, with some regulatory enforcement thrown in, and there are also some consultations opening this week.These are the links to the principal documents mentioned in the podcast: European Banking Authority, EBA consults on new Guidelines to tackle de-risking.Financial Conduct Authority, FCA fines three broker firms £4,775,200 for failures relating to the detection of market abuse.Financial Conduct Authority, FCA publishes Decision Notices against three bond traders for market manipulation.Payment Systems Regulator, PSR takes steps towards greater transparency on APP scam data across banks and building societies.Spotlight on Corruption, Spotlight writes to Justice Secretary and SFO Director (full letter).The Council of the Europe Union, Human rights violations: EU restrictive measures prolonged for a further year.Trading Standards Scotland, A-Z of Scams.Uk Government, Proceeds of Crime Act 2002: changes to bodies granted investigatory powers.UK Government Sanctions Regime, The Russian Oil Price Cap (General licence INT/2022/2469656).UK Government Sanctions Regime, The Winddown licence (General licence INT/2022/2470256).UK Government Sanctions Regime, General licence (General licence INT/2022/2470056). UK Government Sanctions Regime, General licence (General licence INT/2022/247015).UK Insolvency Service, Glasgow engineer banned for £100k Bounce Back Loan abuse.UK Insolvency Service, Two Leicestershire company directors banned for a total of 19 years.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. Money laundering and sanctions top the bill this week, with some regulatory enforcement thrown in for good measure.These are the links to the principal documents mentioned in the podcast:Council of Europe, Anti-money laundering and counter-terrorist financing measures, Isle of Man: 4th Enhanced Follow-up Report & Technical Compliance Re-Rating.Council of the European Union, Sanctions: Council adds the violation of restrictive measures to the list of EU crimes.Financial Action Task Force, FATF updates consolidated assessment ratings.Financial Action Task Force, Money Laundering from Fentanyl and Synthetic Opioids.Financial Action Task Force, FATF schedules webinar on money laundering through real estate sector.Financial Conduct Authority, Final Notice: Carlo Palombo.Financial Conduct Authority, FCA fines Julius Baer International Limited £18m and publishes decision notices for three individuals.Joint Money Laundering Steering Group, JMLSG final amendments to Part 1 of its Guidance.National Crime Agency, NCA secures £50m identified by Barclays as the proceeds of crime.Solicitors Regulation Authority, Guidance: Complying with the UK Sanctions Regime.UK Financial Intelligence Unit, SARs Reporter Booklet.UK government, UK sanctions Russian officials behind conscription, mobilisation and criminal mercenaries.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. Another busy week this week. It’s mainly fraud and money laundering which dominates the stories this week, but there are some other bits and pieces just to keep it from getting boring.These are the links to the principal documents mentioned in the podcast:Chartered Trading Standards Institute (CTSI), CTSI urges shoppers to be careful what they bargain for this Black Friday.Counter-fraud initiative, Take Five to Stop Fraud.European Banking Authority, EBA publishes guidelines on remote customer onboarding.Interpol, Cyber-enabled financial crime: USD 130 million intercepted in global INTERPOL police operation.JD Supra, Supreme Court To Consider the Boundaries of Bribery.Metropolitan Police, More than 100 arrests in UK's biggest ever fraud operation.UK Government, UK ban on Russian oil an oil products.UK Government, Security Minister welcomes new support for fraud victims.UK Insolvency Service, Retailers disqualified after abusing covid loans.UK Insolvency Service, Hebburn engineering boss banned for Bounce Back Loan abuse.UK Insolvency Service, Southampton nursing agency boss given 11-year ban for abuse of Bounce Back Loan scheme.UK Insolvency Service, Essex property developer banned for falsely claiming Bounce Back Loan.US Department of Justice, Four Defendants Indicted for Securities Fraud, Conducting International Pump-and-Dump Scheme, and Money Laundering. 

This financial crime weekly special edition takes a brief look at the National Audit Office report, Progress Combatting Fraud. Usual weekly podcast is back on Sunday this week.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. Another busy week this week. Sanctions, money laundering, fraud, cyber, and regulatory enforcement. More life-affirming content from the world of financial crime. Let’s make a start.These are the links to the principal documents mentioned in the podcast:City AM, Exclusive: The WhatsApp scandal in banking and its place in the City.Criminal Cases Review Commission, Fraud conviction overturned after latest CCRC Post Office referral.European Securities and Markets Authority, Report: Administrative and criminal sanctions and other administrative measures imposed under the Market Abuse Regulation in 2021.Financial Conduct Authority, Date set for trial against 5 individuals involved with Worthington Group plc.Financial Conduct Authority, FCA bans director from working in financial services after violent criminal conviction.Financial Conduct Authority, FCA issues Final Notice to former CEO for anti-money laundering failings.Guernsey government, Economic & Financial Crime Bureau now enshrined in Law.National Audit Office, Progress Combatting Fraud.Office of Foreign Assets Control (‘OFAC’), Treasury Sanctions Global Russian Military Supply Chain, Kremlin-linked Networks, and Elites with Western Fortunes.Payment Systems Regulator, Memorandum of Understanding between the Payment Systems Regulator (‘PSR’) and the Lending Standards Board (‘LSB’).Securities and Exchange Commission, Commission filed 760 enforcement actions and recovered record $6.4 billion in penalties and disgorgement on behalf of investing public.TRACE, Bribery Risk Matrix.UK government, UK and international partners announce further sanctions against Iranian officials.UK Insolvency Service, Suspended prison sentence for Bounce Back Loan fraudster.UK Legislation, The Money Laundering and Terrorist Financing (HighRisk Countries) (Amendment) (No. 3) Regulations 2022.UK Legislation, The Money Laundering and Terrorist Financing (HighRisk Countries) (Amendment) (No. 3) Regulations 2022: Explanatory Note.UK Office of Financial Sanctions Implementation, Oil Price Cap Update.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. Another busy week this week. Sanctions, money laundering, fraud, corruption. The usual life-affirming stuff. I’ll just crack on with it.These are the links to the principal documents mentioned in the podcast:Business, Energy and Industrial Strategy Committee, Formal meeting (oral evidence session): Fraudulent company registrations: Economic Crime and Corporate Transparency Bill.Companies House, List of UK-regulated agents who can complete verification checks on beneficial owners of an overseas entity.Insolvency Service, 10-year ban for Plymouth print boss on top of 5-year bankruptcy restrictions.Insolvency Service, Bankrupt caterer abused Covid-19 loan scheme.Insolvency Service, Restaurateurs disqualified after abusing Bounce Back Loans.Joint Money Laundering Steering Group (‘JMLSG’), Proposed amendments to Part II of its Guidance.Law Commission of England & Wales, Confiscation under Part 2 of the Proceeds of Crime Act 2002.Miller & Chevalier, Foreign Corrupt Practices Act Autumn Review 2022.Office of Financial Sanctions Implementation, Annual Review 2021-2022.Office of Financial Sanctions Implementation, General Licence INT/2022/2339452.Organisation for Economic Co-operation and Development, Portugal needs to urgently step up its foreign bribery enforcement, says the OECD Working Group on Bribery.Transparency International, Transparency International calls for accountability in Madagascar’s lychee market.UK government, Factsheet: Economic Crime and Corporate Transparency Bill overarching.UK government, Guidance: The UK Sanctions List.US Attorney’s Office, Central District of California, Nigerian Man Sentenced to Over 11 Years in Federal Prison for Conspiring to Launder Tens of Millions of Dollars from Online Scams.US Department of Justice, Indian National Charged in $8 Million COVID-19 Relief Fraud Scheme.US Department of Justice, Cary Man Pleads Guilty in Multi-Million COVID-19 Fraud Scheme.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. After a fallow week, there has been an uptick in activity again. Lots of reports published this week, more sanctions activity, plenty on the cyber risks to keep all of us focused, but especially compliance people, and Glencore receives its sentence for bribery for its guilty plea in relation to the English prosecution.These are the links to the principal documents mentioned in the podcast: BBC News, Cyber-attacks on small firms: The US economy's 'Achilles heel'?.Chartered Trading Standards Institute (CTSI), Rogue Traders cash in on victims as the cost-of-living crisis continues.Civil Market Abuse Claim, Financial Conduct Authority v Konstantinos Papadimitrakopoulos and Dimitris Gryparis [2022] EWHC 2792 (Ch).Financial Conduct Authority, FCA prosecutes five individuals for role in 'all-ornothing’ investment scheme.Insolvency Service, Directors banned in care home investment scheme.Insolvency Service, East Midlands directors banned for Bounce Back Loan abuse.Institute of Chartered Accountants of Scotland, Anti-Money Laundering Supervision Annual Report.Kiel Institute for the World Economy, Brothers in Arms: The Value of Coalitions in Sanctions Regimes.Serious Fraud Office, Glencore to pay £280 million for ‘highly corrosive’ and ‘endemic’ corruption.Solicitors’ Regulation Authority, Anti-Money Laundering annual report 2021-2022.The Guardian, UK adds two Roman Abramovich ‘business associates’ to Russia sanctions list.UK government press release, UK sanctions Russian steel and petrochemical tycoons funding Putin's war.UK House of Commons Foreign Affairs Committee, The cost of complacency: illicit finance and the war in Ukraine: Government Response to the Committee’s Second Report.UK National Cyber Security Centre, Helping you with Cyber Security – a webinar for Small Organisations.UK National Cyber Security Centre, Annual Review 2022 and Executive Summary.UK Office of Financial Sanctions Implementation, Consolidated List of Financial Sanctions Targets in the UK.UK Office of Financial Sanctions Implementation, General Licence INT/2022/2339452.UK secondary legislation, The Sanctions (Damages Cap) Regulations 2022.U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), Sanctions against 15 Khordad Foundation.Wolfsberg Group, Wolfsberg Financial Crime Principles for Correspondent Banking.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. After a bumper couple of weeks, I’m glad to say that things have eased down in the last week. Actually, the timing has been perfect as I have been off-the-scale busy at work. So, the usual mix of sanctions and money laundering, with a couple of minor bits of fraud, cyber, and bribery. Let's get on with it.These are the links to the principal documents mentioned in the podcast:European Commission, Public-private partnership anti-money laundering guidance.European Commission, Supranational Risk Assessment Report.Financial Action Task Force, Outcomes FATF Plenary, 20-21 October 2022.Financial Action Task Force, Revision of R25 and its Interpretive Note – Public Consultation.Financial Action Task Force, FATF Guidance on Beneficial Ownership (Recommendation 24) - Public Consultation.HM Treasury, Factsheet: Beneficial Ownership.Information Commissioner’s Office, ‘Biggest cyber risk is complacency, not hackers’ - UK Information Commissioner issues warning as construction company fined £4.4 million.Mayor of London, New Cyber Resilience Centre.Office of Financial Sanctions Implementation, Guidance Annual frozen asset review and reporting form.Office of Financial Sanctions Implementation, General Licence INT/2022/2305324 and General Licence INT/2022/2307324.Office of Financial Sanctions Implementation, Legal Fees General Licence INT/2022/2252300.UK government, Cryptocurrency trading firm shut down after scamming investors.US Embassy in Moldova, Treasury Targets Corruption and the Kremlin’s Malign Influence Operations in Moldova.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. Now, I thought last week was a bumper week, but it’s got nothing on this week. For the rest of my work, this week could not have come at a worse time, but I waded through it anyway.... So, we’d best get on with it.These are the links to the principal documents mentioned in the podcast:Eurojust, Report on Money Laundering (Executive Summary).Eurojust, Report on Money Laundering (Full Report).Financial Conduct Authority, FCA begins criminal proceedings against five individuals involved with Worthington Group plc.Financial Conduct Authority, FCA publishes Decision Notices for Barclays plc and Barclays Bank plc (together “Barclays”).Financial Conduct Authority, Scams offering to 'write off debts' targeting UK consumers.Financial Conduct Authority, Protect yourself from scams.Institute of Chartered Accountants in England and Wales, Cost-of-living crisis prompts cybercrime change of tack.Interpol, Global Crime Trends Report.National Crime Security Centre, 10 Steps to Cyber Security.Office of Financial Sanctions Implementation, OFAC-OFSI Enhanced Partnership.Office of Financial Sanctions Implementation, General licence - INT/2022/1552576.Spotlight on Corruption Global Integrity Anti-Corruption Evidence Programme, A Privileged Profession? How the UK’s legal sector escapes effective supervision for money laundering (Executive Summary).Spotlight on Corruption, The Work of the Serious Fraud Office: Briefing for the Justice Committee session on 19th October 2022.Spotlight on Corruption Global Integrity Anti-Corruption Evidence Programme, A Privileged Profession? How the UK’s legal sector escapes effective supervision for money laundering (Full Report).US Department of the Treasury, Enhancing the US-UK Sanctions Partnership.US Department of the Treasury, Treasury Sanctions Russian Military Technology Procurement Network in Coordination with Law Enforcement Action.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been a bumper week of interesting stories. Lots of different bits and pieces on sanctions, some anti-money laundering enforcement action, and a couple of high-profile reports on fraud and exploitation of LLPs for purposes of economic crime. So, we’d best get on with it.These are the links to the principal documents mentioned in the podcast:Financial Conduct Authority, Press Release: FCA fines Gatehouse Bank £1.5m for poor anti-money laundering checks.Financial Conduct Authority, Decision Notice: Gatehouse Bank plc.HMRC, HMRC cracks down on unlawful estate agents.Insolvency Service, Director of Pembroke restaurant company banned for seven years.Kish Parella Blog Post, Corporate Self-Sanctions.Law Society, Proportionality of the SRA’s extra powers in combatting economic crime must be consideredPayment Systems Regulator, PSR directs 400 firms to introduce the payment protection measure, Confirmation of Payee.Transparency International, Partners in Crime: Analysing the Potential Scale of Abuse of Limited Liability Partnerships in Economic Crime.UK Finance, 2022 Half Year Fraud Update.US Treasury Department, Treasury Announces Two Enforcement Actions for over $24M and $29M Against Virtual Currency Exchange Bittrex, Inc. 

Hello, and welcome to this special edition of the financial crime weekly podcast where we look at the Research Paper on the Economic Crime and Corporate Transparency Bill 2022-23. The Bill is part of the process which started with the Economic Crime (Transparency and Enforcement) Act 2022 which was the Bill hastily passed through Parliament in response to the Russian invasion of Ukraine. Well, this new Bill seeks to build on the start made by the 2022 Act by emboldening the framework in which financial crime is countered and fought.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been an interesting week this week with lots of interesting and varied stories to keep those with an interest in financial crime coming back for more. There is the usual mix of sanctions, especially from the European Union, together with a new report on money mules from a major UK bank. There is also a range of scammer warnings, some dates for your diary on bribery and anti-corruption, as well as some market abuse enforcement action.These are the links to the principal documents mentioned in the podcast: European Commission, EU agrees on eighth package of sanctions against Russia.European Commission, Questions and Answers on the eighth package of restrictive measures against Russia.Europol, Suspect arrested in the Netherlands for circumventing EU trade sanctions against Russia.Financial Conduct Authority, FCA research: A quarter of consumers would withdraw pension savings earlier to cover cost of living – making them vulnerable to scammer ‘misdirection’.Financial Conduct Authority, Press Release: FCA fines Sigma Broking Limited £530,000 and bans and fines its former directors following market abuse reporting failures.Financial Conduct Authority, Final Notice: Sigma Broking Ltd.Financial Conduct Authority, Final Notice: Mr Simon Tyson.Financial Conduct Authority, Final Notice: Mr Stephen John Tomlin.Financial Conduct Authority, Final Notice: Mr Matthew Charles Kent.Lloyds Banking Group, Money mules are getting older – with serious penalties for those caught moving scam cash.OFSI, Changes to consolidated list as at 4th October 2022.OFSI, Changes to consolidated list as at 5th October 2022.OFSI, General Licence, Russian Banks, Guernsey Subsidiary (INT/2022/1280876).Transparency International, Announcement of publication of ‘Exporting Corruption’ report.UK House of Commons Library, Economic Crime and Corporate Transparency Bill 2022-23.UK House of Lords, Effects of Corruption in the UK.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. A reasonably quiet week this week. Some decent money laundering stories, especially around the publication in the UK of the Economic Crime and Corporate Transparency Bill, some updated sanctions news and more moves in relation to the sham referendums in Russian-occupied Ukraine. Finally, a consultation on APP fraud driven by the Payment Systems Regulator. Hope, once again, not to detain you unduly today.These are the links to the principal documents mentioned in the podcast:European Commission, Eighth round of sanctions announcementFinancial Crimes Enforcement Network, Beneficial Ownership Information Reporting Rule Fact SheetGambling Commission, Petfre (Gibraltar) Ltd decision noticeHM government statement, UK sanctions collaborators of Russia’s illegal sham referendumsOffice of Financial Sanctions Implementation, Financial Sanctions Notice (26/09/2022)Office of Financial Sanctions Implementation, Financial Sanctions Notice (28/09/2022)Payment Systems Regulator, Consultation paper Authorised push payment (APP) scams: Requiring reimbursementStatement by Secretary of the Treasury Janet L. Yellen on New Rule Under the Corporate Transparency Act

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. A reasonably quiet week this week. Some decent money laundering stories, especially around the publication in the UK of the Economic Crime and Corporate Transparency Bill, some updated sanctions news, and a little bit on fraud. Hope not to detain you unduly today.These are the links to the principal documents mentioned in the podcast:EU Court of Auditors Seminar Recording, New EU AML/CTF supervision model: expectations vs feasibilityFinancial Conduct Authority, Scams offering to 'write off debts' targeting UK consumersLSE Blog, More questions than answers? The EU’s new AntiMoney Laundering AuthorityOffice of Foreign Assets Control (OFAC), Treasury Targets Additional Facilitators of Russia’s Aggression in UkraineUK government, Economic Crime and Corporate Transparency BillUpdated Russia Guidance, Guidance for the financial and investment restrictions in Russia (Sanctions) (EU Exit) Regulations 2019 

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. As ever with financial crime, there is always decent range of stories to ensure that things never get boring. A little bit on sanctions, but I still cover it first. Secondly, some interesting cyber initiatives announced, together with some announcements relating to combatting financial crime from a professional body and the DoJ in the US. And, we end this week with some bits and pieces on money laundering. These are the links to the principal documents mentioned in the podcast:Council of the EU, Russian aggression against Ukraine: EU individual sanctions over territorial integrity prolonged for a further six monthsDraft The Sanctions (Damages Cap) Regulations 2022EU Council Implementing Regulation (EU) 2022/1501 of 9 September 2022 implementing Regulation (EU) No 208/2014 concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in UkraineFinancial Action Task Force and INTERPOL Joint Asset Recovery InitiativeInternational Federation of Accountants (‘IFAC’) and International Bar Association, Action Plan to Tackle Economic Crime and CorruptionJoint Committee of the European supervisory authorities (European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) this week issued their Autumn Joint Risk ReportOFSI Russia Financial Sanctions NoticeOFSI DPRK Financial Sanctions NoticeUS DoJ speech by Lisa Monaco at NYU

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. As ever with financial crime, there is always decent range of stories to ensure that things never get boring. A little bit on sanctions, but I still cover it first. Secondly, an interesting range of fraud stories, and finally two interesting bits of news out of this week’s International Financial Crime Symposium with speeches from Lisa Osofsky, SFO Director, and Max Hill, KC, DPP.These are the links to the principal documents mentioned in the podcast:Business, Energy and Industrial Strategy, Report on Bounce Back Loan Scheme Performance Data as at 31st July 2022.Crown Prosecution Service, DPP Max Hill's speech to the Cambridge Symposium on Economic Crime.Financial Conduct Authority, Consumer Explainer on Side Pockets.Financial Conduct Authority, Speech by Sarah Pritchard at Financial Crime Summit.Financial Ombudsman Service, Financial Scam Data.HM Treasury, Office of Financial Sanctions Implementation, Frozen Assets Reporting (2022).Serious Fraud Office, SFO Director Lisa Osofsky gives keynote speech at Cambridge Symposium.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. Actually, once again it’s been quite a varied week this week with lots of interesting stories, and one very interesting fraud announcement next week, if what’s doing the rounds on the news wires is anything to go by. Anyway, what will we be taking a look at? Well, there are some bits on sanctions – some useful Q&As – and a decent range of money laundering stories, including some quiet time for HSBC with an announcement by the US Federal Reserve. On fraud, some stuff coming out of the US on avoiding Social Media scams and updates to its Whistle-blower rules. In the UK there is a Call for Evidence on Unauthorised Account access and misuse of personal data. Finally, I take a brief look at the announcement by the dual regulators in the UK on the investigation into HBOS plc management following the global financial crisis. Yup, 15 years later and we’re still wittering on about it.These are the links to the principal documents mentioned in the podcast: European Banking Authority, Report on the Function of the AML/CFT supervisory colleges in the European Union, together with the Press Release.Law Society Sanctions and Russia Q&As from its Practice Advice ServiceOFSI Blog, Reporting to OFSI: what do I need to do?OFSI, UK Financial Sanctions Updated General Guidance for financial sanctions under the Sanctions and Anti-Money Laundering Act 2018UK Home Office, Call for Information: Unauthorised Access to Online Accounts and Personal DataUS Department of Justice Press Release on Warrant of Seizure on PJSC LUKOIL aeroplane, and official court documentUS Securities and Exchange Commission, Office of Investor Education and Advocacy, Social Media and Investment Fraud

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. Actually, it’s been quite a varied week this week. Not a huge amount of news, but what has come out is interesting. Money laundering takes centre stage with the MERs of The Netherlands and Germany, more from the Insolvency Service going after Covid-19 bounce back loan scammers again. More news on the actions of the Gambling Commission in keeping its house in order, and a couple of dates for your diary if you can’t get enough on beneficial ownership transparency.These are the links to the formal documents mentioned in the podcast:General Licence: Crown Servants, Contractors, & Their Family Members INT/2022/1845976General Licence – Bank Fees INT/2022/2104808Wolfsberg Group, Transaction Monitoring Request for Information (RFI) Best Practice GuidanceFATF, Anti-money laundering and counter-terrorist financing measures: The Netherlands – Mutual Evaluation ReportFATF, Anti-money laundering and counter-terrorist financing measures: Germany – Mutual Evaluation ReportFATF Webinar on Beneficial Ownership Transparency of Legal PersonsBrookings Institute, Anti-corruption’s cutting edge: New directions in beneficial ownership transparency event 

In this special edition of the Financial Crime Weekly Podcast we look at the Policy paper called Exploring organisational experiences of cyber security breaches - An in-depth qualitative study with a range of businesses and organisations which have been affected by cyber security breaches.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. Actually, it’s been quite a varied week this week. Not a huge amount of news, but what has come out is interesting. As I predicted a week or so ago, the Insolvency Services has been after the Covid-19 bounce back loan scammers hard again. More news on the actions of the Gambling Commission in keeping its house in order. Some interesting case law from the Supreme Court on proportionality in confiscation proceedings, and a look ahead to the cyber security warning from the Department for Culture Media and Sport in the UK.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been a quiet week this week, but still the usual mix of sanctions, fraud, money laundering, and another crypto inquiry.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been an interesting week this week, with the usual mix of sanctions, fraud, money laundering, and a bit of market abuse.

In this special edition of the Financial Crime Weekly we take a quick spin around the Register of Overseas Entities which goes live today, Monday 1st August 2022. 

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been an interesting week this week, with a good range of financial crime points to get your head around. We’ll look at….. ●  A decent range of sanctions news, with some of the most compelling research to date of the impact on the Russian economy.●      More updates on the imminent implementation of the Register of Overseas Entities.●      A few fraud stories.●      Some market abuse news which is a bit of a blast from the past.●      And, some news on data-sharing.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been a relatively quiet week this week, but what there is has a more than limited range of interesting points, so let’s get cracking. We’ll look at….. ●      A bit of sanctions news, including more sanctions from the EU.●      A bit on money laundering, particularly some work from the FATF.●      An interesting couple of fraud stories.●      And, we end with a report on a Supreme Court case on restraint orders.

Hello, and welcome to this special edition of the Financial Crime Weekly podcast where we take a look at the recently published Impact Assessment of the Money Laundering Regulations and the response of the Regulatory Policy Committee to that Impact Assessment.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been another week of interesting, and there’s quite a bit to wade through, so let’s get cracking. We’ll look at….. ●     A bit of sanctions news, including more sanctions from the EU.●      A load on money laundering, both in the UK and beyond.●      An interesting couple of pieces on fraud and bribery.●      And, we end with a bit on cyber and ransomware.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been a quiet one this week, so shouldn’t be detained unduly. We’ll look at…..●      Some mopping up sanctions news.●      A few money laundering updates, with news on the Singaporean Presidency of the Financial Action Task Force.●    And a fraud case which highlights everything we were talking about in the FCWP Special Edition on Fraud.

This week, the government has published two post-implementation reviews of two sets of regulations: the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (‘the Money Laundering Regulations’) and the Oversight of Professional Body Anti-Money Laundering and Counter Terrorist Financing Supervision Regulations 2017 (‘the OPBAS Regulations’), together with an additional free-standing review of the Money Laundering Regulations 2017. This special edition considers these documents.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been another busy one this week, so best to crack on with our round-up of all things financial crime. We’ll look at….. ●      Some sanctions news this week, with more individuals sanctioned and news of the success of a co-ordinated approach●      An update from Companies House on the secondary legislation supporting the establishment of the Register of Overseas Entities●      A look at the UK Finance Fraud Report for 2022●      And news of a Special Edition of the podcast

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been another busy one this week, so best to crack on with our round-up of all things financial crime. We’ll look at…..● Some sanctions news this week, though the news there is becoming a real trickle now● Quite a lot of money laundering news this week● And a bit on regulatory enforcement for financial crime deficiencies

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been another busy one this week, so best to crack on with our round-up of all things financial crime. We’ll look at…..●    Some sanctions news this week, though the news there is becoming a real trickle now, but at least one part is of genuine interest in terms of its wider potential to develop the law●    Quite a lot of money laundering news this week, with the FATF being particularly active●    A follow-up on a fraud story from two weeks’ ago

In this week's Financial Crime Weekly Podcast we have a Special Edition to consider the recent proposals for reform made to corporate criminal responsibility. We look at the All-Party Parliamentary Group Economic Crime Manifesto, as well as the Law Commission Options for Reform.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been another busy one this week, so best to crack on with our round-up of all things financial crime. We’ll look at…..●    Sanctions, once again, top the list of stories, with more stories relating to actions being taken, together with proposals for further action, across the international community following the Russian invasion of Ukraine●    Money Laundering News●    Some interesting possible fraud developments●    Upcoming Special Edition of the Financial Crime Weekly

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been another busy one this week, so best to crack on with our round-up of all things financial crime. We’ll look at…..●    Sanctions, once again, top the list of stories, with news from the EU and US●    Fraud news, with a conviction●    Money laundering news from the EU and Jersey

In this Special Edition of the Financial Crime Weekly Podcast we look at the corporate offence of failure to prevent bribery under section 7, Bribery Act 2010 which has been in the news recently following the Coca-Cola bribery scandal - where Coca Cola was the victim of bribery-induced 'fresh air' contracts - but also more recently with the charges brought against Glencore for alleged bribery in the conduct of its oil business operations.Additionally, the podcast also looks at the role which Deferred Prosecution Agreements have in this area and how they can be used as an alternative to prosecution by the relevant prosecuting authorities. The podcast explains their operation and offers reflections on the advantages and disadvantages of their use.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been a quiet one this week, but let's crack on with our round-up of all things financial crime. We’ll look at…..●    Sanctions, once again, top the list of stories, with more stories relating to actions being taken, together with proposals for further action, across the international community following the Russian invasion of Ukraine●    Moves to combat benefit fraud●    Bribery news, old and new●    Upcoming Special Edition of the Financial Crime Weekly

In this special edition of the Financial Crime Weekly we take a look at three recently published documents which overlap on the issues of interest to this podcast in the UK. These are:First, the NCA’s Annual Plan 2022-2023;Secondly, the All-party Parliamentary Group on Anti-Corruption and Responsible Tax ‘Economic Crime Manifesto’; and,Thirdly, the UK Parliament Committee on Public Accounts First Report of the 2022-2023 parliamentary session.All have a bearing on current issues of fraud and financial crime in the United Kingdom and, to a degree, might indicate some form of direction of travel for the law and policy in this area.

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been another busy one this week, so best to crack on with our round-up of all things financial crime. We’ll look at…..● Sanctions, once again, top the list of stories, with more stories relating to actions being taken, together with proposals for further action, across the international community following the Russian invasion of Ukraine●   FATF has completed its latest Mutual Evaluation Report on France●   National Crime Agency has published its Annual Plan for 2022/2023●   Upcoming Special Edition of the Financial Crime Weekly

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been another busy one this week, so best to crack on with our round-up of all things financial crime. We’ll look at….. ●    Sanctions, once again, top the list of stories, with more stories relating to actions being taken, together with proposals for further action, across the international community following the Russian invasion of Ukraine●    Eurojust Corruption Report and Berlusconi back in the news●    Wolfsberg Group on Negative News Screening●    Upper Tribunal upholds Regulatory Decisions Committee●    And, we take a look at the Queen’s Speech

IntroductionHello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been another busy one this week, so best to crack on with our round-up of all things financial crime. We’ll look at….. ●    Sanctions, once again, top the list of stories, with more stories relating to actions being taken, together with proposals for further action, across the international community following the Russian invasion of Ukraine●    More fraud activity this week●    Anti-money laundering advice from the Charity Commission●    And, another update from Companies House on the beneficial ownership register

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been another busy one this week, so best to crack on with our round-up of all things financial crime. We’ll look at…..Sanctions, once again, top the list of stories, with more action being taken globally following the Russian invasion of UkraineEvidence given to the UK Treasury Select Committee on Effective SanctionsFrauds and Scam AdvertsAnd, an update on the progress of the beneficial ownership register

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been another busy one this week, so best to crack on with our round-up of all things financial crime. We’ll look at….. ●    Sanctions, once again, top the list of stories, with more action being taken globally following the Russian invasion of Ukraine●    News this week of a new Data Iron Curtain●    Corruption resolution and investigations in US and Europe●    PRA releases its 2022/2023 Business Plan●    and the FATF has been reflecting on its work 

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. If I was hoping for a quiet week in the run-up to the Easter holiday in the UK, I think I was being a little naive. It’s been a busy one. This week’s round-up of all things financial crime looks at…..Sanctions, once again, top the list of stories, with more action being taken globally following the Russian invasion of UkraineNews this week of action taken by Microsoft to close down domains associated with cyberattacksPossible trouble at the Financial Conduct AuthorityThe International Monetary Fund assesses the United Kingdom’s financial system, looking at its vulnerabilities to financial crimeand a couple of bribery convictions in the US and UK, and much more

Welcome to the relaunched Financial Crime podcast. In this week's podcast, we look at:●    The Financial Conduct Authority’s Business Plan for 2022/23 and what it says about combating financial crime●    The formation of the new Serious Economic, Organised Crime and International Directorate●    The Association of Certified Fraud Examiners’ Report, Occupational Fraud 2022●    But before that, where else can we start but with sanctions, sanctions, sanctions, at the forefront of political consciousness globally following Russia’s invasion of Ukraine

This Special Edition of the Financial Crime UK Monthly podcast looks at the recent decision of the Supreme Court in R v Hilton [2020] UKSC 29:https://www.supremecourt.uk/cases/docs/uksc-2018-0075-judgment.pdfThe Court was asked to consider the circumstances in which third parties could make representations where a crown court made a determination of a defendant’s interest at the confiscation stage (s160A, Proceeds of Crime Act (‘PoCA’) 2002). Though an appeal on a provision which relates to PoCA powers in Northern Ireland (s160A), it has a wider impact given the operation of an equivalent provision in England and Wales (s10A, PoCA 2002).

Welcome to the Financial Crime UK Monthly podcast. I’m Chris Kirkbride and I lecture law at the University of Worcester.This is an introductory podcast to give you a guide as to the sort of things which we will be looking at on this podcast in the first week of every month. However, there will be specials and additional podcasts out of this sequence if something happens which is significant and deserves a special episode.So, what are the sort of things we’ll be talking about? Well, we will cover news, events, legal developments, and anything else that relates to financial crime, in the UK – obviously, because that is in the podcast title – but also in other jurisdictions. No man is an island and financial crime certainly does not respect national borders.Broadly, the coverage will be all aspects of:Fraud | Bribery | Market abuse and insider dealing | Money laundering and terrorist financing | Data and information theft | Cybercrime (phishing / smishing) and the challenges generated by fintech in terms of finance crime threats.While these might be financial crimes, strictly speaking, but that is not all. It is necessary to reflect on the responses to financial crime which the state adopts. While this is less about fines and imprisonment, we will focus on confiscation and recovery schemes, sanctions imposed on those who have committed financial crimes, together with arrangements designed to allow the offender to avoid/defer prosecution, namely, deferred prosecution agreements.Consideration will also be given to the regulatory architecture of financial crime, both domestic and international – as stated, financial crime does not respect borders – together with regulatory enforcement and aspects of the compliance industry – the industry which helps commercial entities stay on the right side of the law.Finally, and this is a particular interest of mine, but I am fascinated by the interface between criminal and civil law where the facts of an event could lead to prosecution or civil action. Consequently, while this is a financial crime podcast, we will also consider those situations where the civil law might bring about a robust response to financial wrongdoing.So, that’s it from me for now except to say that the podcast is available from the usual places, Google Podcasts, Spotify, iTunes, and others.