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 118 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. On sanctions this week, designations from the US, and extension of existing sanctions from the EU. On bribery and corruption, the anti-corruption body in Zambia is cleared out, and another pressure group gives its two penn’orth on the new Labour government’s approach to corruption. The money laundering news comes from the IMF, the US Office of the Comptroller of the Currency, and MONEYVAL has published a report on Jersey. There is also a round-up of the cyber-attack news this week.

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: Council renews economic sanctions for a further 6 months.

Europol, Internet Organised Crime Threat Assessment (IOCTA) 2024.

Europol, Internet Organised Crime Threat Assessment (IOCTA) 2024 (Report).

International Monetary Fund, Panama: Financial Sector Assessment Program - Technical Note on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT).

MONEYVAL, MONEYVAL acknowledges Jersey’s progress in improving measures to combat money laundering and financing of terrorism.

MONEYVAL, Anti-money laundering and counter-terrorist financing measures Jersey: Fifth Round Mutual Evaluation Report.

National Crime Agency, NCA infiltrates world's most prolific DDoS-for-hire service.

National Cyber Security Centre, "If you have knowledge, let others light their candles in it." (Blog post).

National Cyber Security Centre, New legislation will help counter the cyber threat to our essential services (Blog post).

New Zealand Serious Fraud Office, Phone scam.

Office of Financial Sanctions Implementation, GENERAL LICENCE - Russian Banks – UK subsidiaries – Guernsey subsidiary – EU subsidiaries - Basic needs, routine holding and maintenance, the payment of legal fees and insolvency related payments: INT/2022/1280876.

Office of Financial Sanctions Implementation, General licence - INT/2022/1280876.

Office of Foreign Assets Control, Treasury Targets PRC-based Procurement Network Supporting DPRK Ballistic Missile and Space Programs.

Office of Foreign Assets Control, Treasury Implements REPO for Ukrainians Act Reporting Requirement.

Office of Foreign Assets Control, Treasury Sanctions Rebel Alliance Driving Instability in the Democratic Republic of the Congo.

Solicitors Regulation Authority, Annual report by the Money Laundering Reporting Officer (MLRO) for the year ended 5 April 2024 (Annex).

Spotlight on Corruption, Thin gruel for anti-corruption campaigners – the new government’s King’s Speech.

UKFIU, SARs in Action: Issue 26.

US Department of Justice, Leader of $200 Million Ponzi Scheme Pleads Guilty to Mail and Wire Fraud Conspiracy and Faces 20 Years’ Imprisonment.

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 considered

Payment 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 announcement

Financial Crimes Enforcement Network, Beneficial Ownership Information Reporting Rule Fact Sheet

Gambling Commission, Petfre (Gibraltar) Ltd decision notice

HM government statement, UK sanctions collaborators of Russia’s illegal sham referendums

Office 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 reimbursement

Statement 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 feasibility

Financial Conduct Authority, Scams offering to 'write off debts' targeting UK consumers

LSE Blog, More questions than answers? The EU’s new AntiMoney Laundering Authority

Office of Foreign Assets Control (OFAC), Treasury Targets Additional Facilitators of Russia’s Aggression in Ukraine

UK government, Economic Crime and Corporate Transparency Bill

Updated 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 months

Draft The Sanctions (Damages Cap) Regulations 2022

EU 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 Ukraine

Financial Action Task Force and INTERPOL Joint Asset Recovery Initiative

International Federation of Accountants (‘IFAC’) and International Bar Association, Action Plan to Tackle Economic Crime and Corruption

Joint 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 Report

OFSI Russia Financial Sanctions Notice

OFSI DPRK Financial Sanctions Notice

US DoJ speech by Lisa Monaco at NYU

Hello, and welcome to episode 117 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. On sanctions this week, designations from the US, and extension of existing sanctions from the EU. On bribery and corruption, the UK Anti-Corruption Coalition has published its post-election agenda, urging the new Labour government to take action across a range of areas. On money laundering, the Financial Conduct Authority has PEPs and their treatment by financial institutions in its sights. There is also a round-up of the cyber-attack news this week.

As usual, I have linked the main stories flagged in the podcast in the description. These are:

Council of the European Union, Extremist Israeli settlers in the occupied West Bank and East Jerusalem, as well as violent activists, blocking humanitarian aid to Gaza: five individuals and three entities sanctioned under the EU Global Human Rights Sanctions Regime.

Council of the European Union, Iran: Council prolongs EU restrictive measures in view of Iran’s military support for Russia’s war of aggression against Ukraine and for armed groups and entities in the Middle East and the Red Sea region.

Financial Conduct Authority, FCA calls on firms to improve treatment of politically exposed persons (PEPs).

Financial Conduct Authority, Review: The treatment of politically exposed persons.

Financial Conduct Authority, GC24/4: Proposed amendments to Guidance on the treatment of politically exposed persons.

Financial Conduct Authority, Court sets dates for ‘finfluencer’ trials.

Financial Conduct Authority, Three charged over CFD trading pension fraud.

National Cyber Security Centre, Cyber Essentials 'Pathways': From experiment to proof of concept.

Office of Financial Sanctions Implementation, Guidance: UK Financial Sanctions FAQs.

Office of Foreign Assets Control, Treasury Maintains Pressure on Houthi Illicit Shipping and Finance Schemes.

Royal United Services Institute, Sanctions and the Next Financial Crisis.

UK Anti-Corruption Coalition, Time to ramp up the fight against corruption.

UK House of Commons Library, Sanctions against countries supporting Russia’s invasion of Ukraine.

US Department of Justice, Two Foreign Nationals Plead Guilty to Participating in LockBit Ransomware Group.

US Department of State, United States Imposes Sanctions Targeting Iran’s Chemical Weapons Research and Development.

US Department of the Treasury, Treasury and the Financial Services Sector Coordinating Council Publish New Resources on Effective Practices for Secure Cloud Adoption.

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 Service

OFSI 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 2018

UK Home Office, Call for Information: Unauthorised Access to Online Accounts and Personal Data

US Department of Justice Press Release on Warrant of Seizure on PJSC LUKOIL aeroplane, and official court document

US 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/2022/1845976

General Licence – Bank Fees INT/2022/2104808

Wolfsberg Group, Transaction Monitoring Request for Information (RFI) Best Practice Guidance

FATF, Anti-money laundering and counter-terrorist financing measures: The Netherlands – Mutual Evaluation Report

FATF, Anti-money laundering and counter-terrorist financing measures: Germany – Mutual Evaluation Report

FATF Webinar on Beneficial Ownership Transparency of Legal Persons

Brookings 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 episode 116 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. Money laundering takes centre stage again this week with stories from Europe and the UK. On fraud news, a range of actions from the European Public Prosecutor’s Office across Romania, Malta, and Italy. The sanctions news has new designations from the US and Switzerland, and the UK has updated sanctions guidance for a number of countries. There is also a round-up of the cyber-attack news this week.

As usual, I have linked the main stories flagged in the podcast in the description. These are:

AUSTRAC, Spotlight on our work with international partners.

AUSTRAC, Discover purpose behind the Fintel alliance.

Bank of England, A multi-tool for cross-border payments: the power of Legal Entity Identifiers − speech by Victoria Cleland.

Commonwealth, New Commonwealth model law to help countries regulate virtual assets.

Council of Europe, Georgia: anti-corruption body calls for stronger oversight and accountability in top executive functions and the police.

Council of Europe, Fifth Round Evaluation: Georgia.

Delegation of the European Union to Namibia, EU supports Namibia to tackle money laundering, terrorist financing and related crimes.

Eurojust, Eurojust supports searches into bribery and money laundering.

European Public Prosecutor’s Office, Romania: Three individuals and five companies indicted for €1 million fraud involving IT project.

European Public Prosecutor’s Office, Malta: Eleven charged in investigation into customs fraud and corruption of public officials.

European Public Prosecutor’s Office, Italy: EPPO seizes assets in €1.3 million fraud and money laundering investigation.

Europol, French and Spanish authorities crack down on Chinese money laundering gang.

Financial Action Task Force, Public Consultation on Recommendation 16 on Payment Transparency.

Financial Action Task Force, Targeted Update on Implementation of the FATF Standards on Virtual Assets and Virtual Asset Service Providers.

Financial Conduct Authority, Quarterly Consultation CP24/11 No 44.

National Crime Agency, National Crime Agency leads international operation to degrade illegal versions of Cobalt Strike.

National Cyber Security Centre, The NCSC and partners issue alert about evolving techniques used by China state-sponsored cyber attackers.

Office of Foreign Assets Control, Cyber-related Designation Removal; Russia-related Designation Removal; Issuance of Venezuela General License 40C.

Organisation for Security and Cooperation in Europe, OSCE Facilitates Training Course on Investigation of Corruption in Chisinau.

The Federal Council, Ukraine: Switzerland adopts further sanctions against Russia.

UK government, Zimbabwe sanctions guidance.

UK government, Venezuela sanctions guidance.

UK government, Guinea-Bissau sanctions guidance.

UK government, Bosnia and Herzegovina sanctions guidance.

UK government, Nicaragua sanctions guidance.

UK government, Global Anti-corruption sanctions guidance.

UK government, Global Human Rights sanctions guidance.

United Nations Office on Drugs and Crime, Bribery becoming less accepted in Nigeria, says new report on corruption patterns and trends in the country.

United Nations Office on Drugs and Crime, Corruption in Nigeria: Patterns and Trends.

US Department of State, Sanctions on Individuals and Entities Contributing to Violence and Instability in the West Bank.

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

Hello, and welcome to episode 115 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. Money laundering takes centre stage this week with Singapore announcing updates to National Risk Assessments (‘NRAs’), and the FATF announcing public consultation on its NRAs. The fall-out from the FATF Singapore Plenary last week with a response from South Africa respecting its timetable for removal from the ‘Grey List’. On sanctions, here is the usual mix of updates to designations and licences, and on bribery and anti-corruption an update on Andorra from GRECO. We then end with a round-up of the cyber-attack news this week.

As usual, I have linked the main stories flagged in the podcast in the description. These are:

Council of Europe, Andorra: GRECO report on preventing corruption in top executive functions and the police.

Department of Justice, Vice President of Kansas Company Pleads Guilty to Crimes Related to Scheme to Illegally Export U.S. Avionics Equipment to Russia and Russian End Users.

EU Directorate-General for Trade, EU protects sanctions against Russian and Belarussian investors under Energy Charter Treaty.

European Banking Authority, The EBA issues ‘travel rule’ guidance to tackle money laundering and terrorist financing in transfers of funds and crypto assets.

European Commission, EU further extends the scope of sanctions on Belarus to fight circumvention.

European Council, Russia's war of aggression against Ukraine: EU lists two individuals and four entities for circumventing EU sanctions and materially supporting the Russian government.

European Council, Belarus’ involvement in Russia’s war of aggression against Ukraine: new EU restrictive measures target trade, services, transport and anti-circumvention.

European Securities and Markets Authority, New MiCA rules increase transparency for retail investors.

Federal Bureau of Investigation, Private Industry Notification: Expansion of US Renewable Energy Industry Increases Risk of Targeting by Malicious Cyber Actors.

Federal Register, Reimposing Certain Sanctions with Respect to Iran.

Financial Action Task Force, Public consultation on FATF Money Laundering National Risk Assessment Guidance Update.

Institute of Chartered Accountants in England and Wales, ICAEW joins forces with the International Federation of Accountants and the Basel Institute to offer anti-corruption guidance for accountants.

Monetary Authority of Singapore, Singapore Refreshes the Terrorism Financing National Risk Assessment and National Strategy for Countering the Financing of Terrorism.

National Health Service, Update on cyber incident: Clinical impact in south east London – Thursday 4 July.

Office of Financial Sanctions Implementation, General licences - INT/2024/4423849, INT/2023/3074680, INT/2022/2470156 and INT/2022/2470056.

Office of Financial Sanctions Implementation, General Licence – Sale, divestment and transfer of financial instruments held by the National Settlement Depository and payment of safe keeping fees to the National Settlement Depository INT/2024/4919848.

Office of Financial Sanctions Implementation, General Licence: Payments for Visa Application Services INT/2024/4907888.

Office of Financial Sanctions Implementation, Guidance: Russian Oil Services ban.

Office of Financial Sanctions Implementation, General Licence – Oil Price Cap: Exempt Projects and Countries INT/2022/2470156.

Office of Financial Sanctions Implementation, General Licence: Payments to Revenue Authorities INT/2024/4881897.

Office of Foreign Assets Control, Treasury Sanctions Mexico- and China-Based Money Launderers Linked to the Sinaloa Cartel.

South African Government, Treasury on Financial Action Task Force greylisting.

The Wolfsberg Group, The Wolfsberg Group Statement on Effective Monitoring for Suspicious Activity.

The Wolfsberg Group, The Wolfsberg Group Statement on Effective Monitoring for Suspicious Activity (Document).

US Department of State, Imposing Sanctions on Entities and Vessels Trading in Iranian Petroleum or Petrochemical Products.

US Financial Crimes Enforcement Network, Financial Action Task Force Identifies Jurisdictions with Anti-Money Laundering, Combating the Financing of Terrorism, and Counter-Proliferation Finance Deficiencies.

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

Introduction

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

●    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 Ukraine
• Evidence given to the UK Treasury Select Committee on Effective Sanctions
• Frauds and Scam Adverts
• And, 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 Ukraine
• News this week of action taken by Microsoft to close down domains associated with cyberattacks
• Possible trouble at the Financial Conduct Authority
• The International Monetary Fund assesses the United Kingdom’s financial system, looking at its vulnerabilities to financial crime
• and 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

Hello, and welcome to episode 114 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. A quieter than typical week this week, but there will be no complaints from me about that. A range of sanctions designations, including of those allies to the Kaspersky software provision. In the first bit of news respecting Turkey this week, the OECD has reported on Turkey’s anti-foreign bribery enforcement, while on money laundering, the big news is the FATF Singapore Plenary, at which Turkey’s fate and place on the ‘Grey List’ was finally announced. There are a couple of fraud stories, and a brief cyber-attack news.

As usual, I have linked the main stories flagged in the podcast in the description. These are:

Council of Europe, 14th package of sanctions on Russia's war of aggression against Ukraine: EU lists additional 69 individuals and 47 entities.

Council of Europe, Russia’s war of aggression against Ukraine: comprehensive EU’s 14th package of sanctions cracks down on circumvention and adopts energy measures.

Council of Europe, Cyber-attacks: six persons added to EU sanctions list for malicious cyber activities against EU member states and Ukraine.

Eurojust, Eurojust leads efforts to step up judicial response to money laundering and asset recovery.

European Banking Authority, The EBA welcomes the entry into force of the framework establishing the anti-money laundering and countering the financing of terrorism authority.

European Commission, EU adopts 14th package of sanctions against Russia for its continued illegal war against Ukraine, strengthening enforcement and anti-circumvention measures.

Financial Action Task Force, Vietnam's progress in strengthening measures to tackle money laundering and terrorist financing.

Financial Action Task Force, Palau's progress in strengthening measures to tackle money laundering and terrorist financing.

Financial Action Task Force, Outcomes FATF Plenary, 26-28 June 2024.

Financial Action Task Force, Women in FATF and the Global Network.

Financial Conduct Authority, Teamwork: A Smart way to tackle financial crime.

Government of Singapore, Singapore Publishes National Asset Recovery Strategy.

Information Commissioner’s Office, Blog: Addressing concerns on the use of AI by local authorities.

Interpol, USD 257 million seized in global police crackdown against online scams.

Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.

Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.

Office of Financial Sanctions Implementation, General licence - INT/2023/2711256.

Office of Financial Sanctions Implementation, General Licence: Payments for Statutory Audits INT/2024/4888228.

Office of Foreign Assets Control, Treasury Sanctions Kaspersky Lab Leadership in Response to Continued Cybersecurity Risks.

Office of Foreign Assets Control, Treasury Targets Shadow Banking Network Moving Billions for Iran’s Military.

Office of Foreign Assets Control, Counter Terrorism and Iran-related Designations; Counter Narcotics Designations Removals (Specially Designated Nationals List Update).

Official Journal of the European Union, Council Decision (CFSP) 2024/1779 of 24 June 2024 amending Decision (CFSP) 2019/797 concerning restrictive measures against cyberattacks threatening the Union or its Member States.

Organisation for Economic Cooperation and Development, Türkiye’s foreign bribery enforcement remains poor and needs urgent overhaul despite some legislative improvements, says OECD Working Group on Bribery.

Organisation for Security and Cooperation in Europe, OSCE hosts panel discussion on asset recovery at the International Anti-Corruption Conference in Vilnius.

Spotlight on Corruption, The unfinished business of accountability for Glencore’s corruption.

The Guardian, DWP algorithm wrongly flags 200,000 people for possible fraud and error.

Transparency International, Seven Steps to Restore Trust in the Political Class.

United Nations Development Programme, Prime Minister Launches Revised National Anti-Corruption Strategy for Solomon Islands.

US Department of Industry and Security, Commerce Department Prohibits Russian Kaspersky Software for U.S. Customers.

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.pdf

The 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.

Hello, and welcome to episode 113 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. Another exceptionally busy week for financial crime this week. In the EU, the 14th package of sanctions against Russia has been agreed, while there are further designations by the UK, US, and Canada. In the UK, there are more releases of submissions to the Treasury’s review of the Money Laundering Regulations, and Hungary and Gibraltar get their money laundering follow-up reports from MONEYVAL. The market abuse comes from the UK, with an update on the charges against the finfluencers, and fines from the Swedish and US authorities against a market and a trading company. There is also a round-up of the cyber-attack news this week.

As usual, I have linked the main stories flagged in the podcast in the description. These are:

AUSTRAC, Welcome to our refreshed website.

Centre for Research on Energy and Clean Air, May 2024 — Monthly analysis of Russian fossil fuel exports and sanctions.

Check Point Research, Threat Intelligence Report.

Commodities and Futures Trading Commission, CFTC Orders Trafigura to Pay $55 Million for Fraud, Manipulation and Impeding Communications with the CFTC.

Financial Conduct Authority, 'Finfluencers’ charged for promoting unauthorised trading scheme.

Financial Conduct Authority, Update on the FCA’s review of treatment of Politically Exposed Persons.

Finansinspektionen, Nasdaq Stockholm receives a remark and an administrative fine.

FINMA, FINMA proceedings: HSBC Private Bank (Suisse) SA violated money laundering regulations.

Francine Pickup, Corruption is criminal, immoral, and the ultimate betrayal of public trust.

Government of Canada, Canada announces additional sanctions against Russian government for its responsibility in death of Alexei Navalny.

Ministry of Finance, Singapore Publishes Updated Money Laundering National Risk Assessment.

Ministry of Finance, Money Laundering Risk Assessment Report 2024.

MONEYVAL, Gibraltar improves compliance with international agreements on money laundering and terrorist financing.

MONEYVAL, Hungary improves its measures in relation to virtual assets and virtual assets service providers.

OECD, The OECD Working Group on Bribery announces new Chair.

Office of Financial Sanctions Implementation, General Licence - Payments to the FCA INT/2024/4836676.

Office of Foreign Assets Control, Treasury Targets Houthi Weapons Procurement and Funding Networks.

Office of Foreign Assets Control, Treasury Targets Milorad Dodik’s Network of Wealth Generating Companies, Including Prointer.

Official Journal of the European Union, Regulation on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing ((EU) 2024/1624) (AML Regulation).

Official Journal of the European Union, Regulation establishing the Anti-Money Laundering Authority (AMLA) ((EU) 2024/1620) (AMLA Regulation).

Official Journal of the European Union, Sixth Money Laundering Directive ((EU) 2024/1640) (MLD6).

S&P Global, Russia's shadow fleet − Formation, operation and continued risks for sanctions compliance teams.

Spotlight on Corruption, Spotlight on Corruption’s submission to HM Treasury’s consultation: ‘Improving the effectiveness of the Money Laundering Regulations’.

Starling Bank, Annual Report and Accounts 2024.

The White House, Statement from National Security Advisor Jake Sullivan on the Global Effort to Strengthen the Cybersecurity of Energy Supply Chains.

US Department of Energy, Supply Chain Cybersecurity Principles.

Wolfsberg Group, Wolfsberg Response to the MLRs Consultation (press release).

Wolfsberg Group, Consultation on Improving the effectiveness of the Money Laundering Regulations (Submission).