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.