Financial Crime Weekly Episode 21

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