Financial Crime Weekly Episode 114

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.