Financial Crime Weekly Episode 99

Hello, and welcome to episode 99 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It is yet another busy week for financial crime, with content across all areas. Sanctions updates from the US and UK, a little money laundering news in terms of a consultation in the UK, and technical advice sought by the European Commission from the EBA. There’s also a wide range of bribery and corruption and fraud news, with the usual round-up of cyber-news this week. Lots to get through, so let’s crack on.

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

British Library, Learning Lessons from the Cyber-Attack.

Council of Europe’s Group of States against Corruption, Republic of Moldova: GRECO calls for improvements in preventing corruption in the central government and the police.

Council of Europe’s Group of States against Corruption, Fifth Round Evaluation Report on the Republic of Moldova.

European Commission, Provisional request for advice to the European Banking Authority (EBA) regarding regulatory technical standards and guidelines under the future anti-money laundering / countering the financing of terrorism (AML/CFT) framework.

European Parliament, EU sanctions: new rules to crack down on violations.

European Parliament, Amendments by the European Parliament to the Commission proposal on the definition of criminal offences and penalties for the violation of Union restrictive measures and amending Directive (EU) 2018/1673.

Financial Action Task Force, Guidance on Beneficial Ownership and Transparency of Legal Arrangements.

High Court of Australia, AB (a pseudonym) v Independent Broad-based Anti-corruption Commission [2024] HCA 10.

Financial Conduct Authority, FCA progresses market abuse claim against Globo Plc chiefs.

Financial Conduct Authority, FCA discontinues civil proceedings against Konstantinos Papadimitrakopoulos and Dimitris Gryparis.

HMRC, HMRC email updates, videos and webinars for money laundering supervision.

HM Treasury, Open consultation: Improving the effectiveness of the Money Laundering Regulations.

Interpol, INTERPOL Financial Fraud assessment: A global threat boosted by technology.

Joint Committee on the National Security Strategy, Response from HM Government’s to Committee’s Ransomware Inquiry.

Office of Financial Sanctions Implementation, Financial Sanctions Notice: Democratic People’s Republic of Korea.

Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK?

Office of Foreign Assets Control, Treasury Sanctions Companies and Individuals Advancing Russian Malign Activities in Africa.

Office of Foreign Assets Control, Treasury Designates Transnational al-Shabaab Money Laundering Network.

Office of Foreign Assets Control, U.S. Targets Al-Ashtar Brigades Operatives.

Office of Foreign Assets Control, Treasury Sanctions Primeiro Comando da Capital (PCC) Operative.

Organisation for Economic Cooperation and Development, Armenia, Azerbaijan, Moldova and Ukraine take promising steps to fight corruption but should improve enforcement and promote business integrity.

UK government, Global Fraud Summit Communiqué: 11 March 2024.

UK government, Wrongful Post Office convictions to be quashed through landmark legislation: 13 March 2024.

UK government, “Criminals should be aware” says Minister as Government upgrades AI fraud detection tool.

UK Parliament, Post Office (Horizon System) Offences Bill.

UK Parliament, The Russia (Sanctions) (Overseas Territories) (Amendment) Order 2024 No 370.

US State Department, Imposing Further Sanctions to Promote Peace, Security, and Stability in the West Bank.