Financial Crime Weekly Episode 24

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. As ever with financial crime, there is always decent range of stories to ensure that things never get boring. A little bit on sanctions, but I still cover it first. Secondly, some interesting cyber initiatives announced, together with some announcements relating to combatting financial crime from a professional body and the DoJ in the US. And, we end this week with some bits and pieces on money laundering. 

These are the links to the principal documents mentioned in the podcast:

Council of the EU, Russian aggression against Ukraine: EU individual sanctions over territorial integrity prolonged for a further six months

Draft The Sanctions (Damages Cap) Regulations 2022

EU Council Implementing Regulation (EU) 2022/1501 of 9 September 2022 implementing Regulation (EU) No 208/2014 concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Ukraine

Financial Action Task Force and INTERPOL Joint Asset Recovery Initiative

International Federation of Accountants (‘IFAC’) and International Bar Association, Action Plan to Tackle Economic Crime and Corruption

Joint Committee of the European supervisory authorities (European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) this week issued their Autumn Joint Risk Report

OFSI Russia Financial Sanctions Notice

OFSI DPRK Financial Sanctions Notice

US DoJ speech by Lisa Monaco at NYU