Financial Crime Weekly Episode 93

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.