Financial Crime Weekly Podcast

Hello, and welcome to episode 132 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. Another relatively quiet week overall, and I can assure you that is not a complaint. On sanctions, licensing changes in the UK, in addition to further designations, the US targets third-countries aiding Russia in its military action in Ukraine, while the UN raises the issue of sanctions-related justice. On bribery and corruption, the National Anti-Corruption Commission will think again about the robodebt references made to it, while on fraud, the SFO has made changes to fraud reporting. This week’s financial crime news ends with a round-up of cybercrime news, where the European Union Agency for Criminal Justice Cooperation has announced major action against malware attackers.

A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Hello, and welcome to episode 131 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. A relatively quiet week overall, which is a good thing for me. Some sanctions movement in the US and UK, while OTSI issues trade sanctions guidance to firms. On money laundering, the FATF has announced the outcomes of its Paris Plenary, and on bribery, the OECD has updated on Austria and Romania. There is a report from Finance UK on the state of fraud for the first half of 2024, and in other financial crime news, 20 finfluencers have been interviewed under caution by the FCA. There is also a brief round-up of cybercrime news this week.

A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Hello, and welcome to episode 130 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. Sanctions news has taken centre-stage this week, with the US issuing new designations across the range of usual suspects, while the UK has focussed on human rights abuse sanctions and the Russian oil tanker shadow fleet. On money laundering, the FATF may black list Russia, and has updated its criteria for ‘grey listing’. On bribery and anti-corruption Raytheon has agreed a DPA for fraud and breaches of the FCPA. On market abuse, ESMA has issued a consolidated report on sanctions and measures imposed by National Competent Authorities. There is also a brief round-up of cybercrime news this week.

A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Hello, and welcome to episode 129 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. New designations from the US and UK, and the UK marks OTSI being open for business. On money laundering, the FATF publishes MERs on Japan and Kuwait, and TD Bank in the US pleads guilty to money laundering. There is Covid-19 fraud news from the US, and in the UK the CTSI has issued a critical statement concerning the recent reduction of the APP fraud reimbursement limit. In other financial crime news, the SFO has settled one of the civil actions brought against it by ENRC, and on cybercrime, there seems to be an article trend concerning the cyber-safety of CEOs, and critical infrastructure is once more subject to a cyber-attack.

A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Hello, and welcome to episode 128 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. After a few relatively quiet weeks, we are back up to the lengthy episodes of the podcast. New designations from the US and UK. On money laundering, the IMF reports on its recent Uganda mission. The fraud news comes with reports on the scale of fraudulent insurance claims in the UK, a guilty plea in a fraud case against a former solicitor, and research from the Social Market Foundation on the scale of the global fraud problem. The SEC in the US has been active against market abuse, and the FCA in the UK has charged two individuals with insider dealing offences. There’s more research from the Centre for Cybercrime and Economic Crime on the state of financial crime enforcement collaboration, and there is also a round-up of this week’s cybercrime news.

A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Hello, and welcome to episode 127 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. Another shorter episode this week, so I think we can all be pleased about that. On sanctions news, new designations from the US and UK, and even a bit of enforcement action from the UK. On money laundering, the FATF has published its MER on India, OPBAS in the UK has published its fifth report on Professional Body Supervisors, while the Egmont Group has suspended Columbia from membership over breach of confidence. On bribery and corruption news, GRECO has published its report on the Republic of Ireland, and the Mayor of NYC has been charged with bribery offences. The fraud news brings confirmation from the UK of the APP fraud reimbursement limit, and there is a range of Covid-19 fraud news. There are some other bits and pieces and a limited bit of cybercrime news.

A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Hello, and welcome to episode 126 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. After a sequence of lengthy episodes of the podcast, it’s nice to have a shorter episode from time-to-time to keep everyone happy. On sanctions, the UK has updated its Iran sanctions regime, and the US has issued a host of new designations for human rights abuses and cyber-crimes. On money laundering news, indications from China that the ruling party is looking to update its anti-money laundering regime to address the risk posed by crypto. On fraud, some Covid-19 fraud from the UK, and the FCA has made a public statement on its anti-fraud approach. Of course, there is also a round-up of cyber-crime news this week.

A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Hello, and welcome to episode 125 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. On sanctions this week, a mass of action from the UK and US. In the UK, action against the shadow fleet carrying Russian oil as part of sanctions evasion, while in the US, sanctions against allies of Venezualan president Maduro have been announced by OFAC. On bribery and corruption, GRECO reports on Kazakhstan, while in the UK Transparency International has revealed the high levels of corruption in Covid-19 PPE contracts. On money laundering in the UK, the first FCA prosecution against the owner of unlawfully operated crypto ATMs, and in Australia, the government has announced reforms to its anti-money laundering regime. There’s more Covid-19 fraud from the US and UK, the FBI has published its Cryptocurrency Fraud Report, and Spotlight on Corruption questions whether the National Crime Agency is on its knees. There is also, as usual, a round-up of this week’s cyber-attack news.

A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Hello, and welcome to episode 124 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. On sanctions this week, the suspension of some export licences to Israel, and the detention of an aircraft believed to belong to the Venezuelan president. On corruption, in Ukraine the first deputy of the National Anti-Corruption Bureau has been dismissed, and the former head of Lebanon’s Central Bank is under investigation for embezzlement. Much of the money laundering news churns around the FATF, while new AML rules have been agreed in the UAE. On fraud, big news out of the UK with the Financial Ombudsman Service reporting on scam volumes, while the Payment Systems Regulator is consulting (again) on the reimbursement level for APP fraud. In other financial crime news, the Financial Conduct Authority has published a series of annual updates alongside its Annual Report and Accounts, while there is also a round-up of this week’s cyber-attack news.

A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Hello, and welcome to episode 123 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. On sanctions this week, the US has made a host of additional designations against Russian individuals and entities. On corruption, there is more out of China and its fight against corruption at all levels of society, and a Report from GRECO on Italy. The money laundering news comes from the US, and also from Nigeria, where the government has made assurances on its strategy for exiting the FATF ‘Grey List’. The fraud news from the UK concerns Covid-19 fraudsters and there is a report from New Zealand concerning reductions in headcount at the Serious Fraud Office. In other financial crime news, a research paper on the future of the UK Serious Fraud Office, and we end with cyber-attack news respecting transportation portals.

A transcript of this podcast is available at www.crimes.financial, with links to the stories.