Financial Crime Weekly Episode 162

Hello, and welcome to episode 162 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. In this episode, we look at developments in global financial crime enforcement, including the UK Information Tribunal's affirmation of OFSI's "Neither Confirm Nor Deny" approach to sanctions licence confidentiality, calls to strengthen UK whistleblower protections for sanctions enforcement, and the EU's latest sanctions against Russia. We also examine regulatory shifts, such as the Netherlands' ban on large cash transactions, North Macedonia's judicial anti-corruption reforms, and OFAC's $215 million penalty against GVA Capital for sanctions evasion. In cybersecurity, we highlight AI-powered payment fraud detection, the dark market for stolen data, and concerns over outdated security systems in financial services. Finally, we look at legal challenges surrounding deepfake fraud, crypto insolvencies, and evolving cyber deterrence strategies in national security.

A transcript of this podcast, with links to the stories, will be available by Monday at www.crimes.financial.