Financial Crime Weekly Episode 26

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. A reasonably quiet week this week. Some decent money laundering stories, especially around the publication in the UK of the Economic Crime and Corporate Transparency Bill, some updated sanctions news and more moves in relation to the sham referendums in Russian-occupied Ukraine. Finally, a consultation on APP fraud driven by the Payment Systems Regulator. Hope, once again, not to detain you unduly today.

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

European Commission, Eighth round of sanctions announcement

Financial Crimes Enforcement Network, Beneficial Ownership Information Reporting Rule Fact Sheet

Gambling Commission, Petfre (Gibraltar) Ltd decision notice

HM government statement, UK sanctions collaborators of Russia’s illegal sham referendums

Office of Financial Sanctions Implementation, Financial Sanctions Notice (26/09/2022)

Office of Financial Sanctions Implementation, Financial Sanctions Notice (28/09/2022)

Payment Systems Regulator, Consultation paper Authorised push payment (APP) scams: Requiring reimbursement

Statement by Secretary of the Treasury Janet L. Yellen on New Rule Under the Corporate Transparency Act