Financial Crime Weekly Episode 32

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. Another busy week this week. Sanctions, money laundering, fraud, corruption. The usual life-affirming stuff. I’ll just crack on with it.

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

Business, Energy and Industrial Strategy Committee, Formal meeting (oral evidence session): Fraudulent company registrations: Economic Crime and Corporate Transparency Bill.

Companies House, List of UK-regulated agents who can complete verification checks on beneficial owners of an overseas entity.

Insolvency Service, 10-year ban for Plymouth print boss on top of 5-year bankruptcy restrictions.

Insolvency Service, Bankrupt caterer abused Covid-19 loan scheme.

Insolvency Service, Restaurateurs disqualified after abusing Bounce Back Loans.

Joint Money Laundering Steering Group (‘JMLSG’), Proposed amendments to Part II of its Guidance.

Law Commission of England & Wales, Confiscation under Part 2 of the Proceeds of Crime Act 2002.

Miller & Chevalier, Foreign Corrupt Practices Act Autumn Review 2022.

Office of Financial Sanctions Implementation, Annual Review 2021-2022.

Office of Financial Sanctions Implementation, General Licence INT/2022/2339452.

Organisation for Economic Co-operation and Development, Portugal needs to urgently step up its foreign bribery enforcement, says the OECD Working Group on Bribery.

Transparency International, Transparency International calls for accountability in Madagascar’s lychee market.

UK government, Factsheet: Economic Crime and Corporate Transparency Bill overarching.

UK government, Guidance: The UK Sanctions List.

US Attorney’s Office, Central District of California, Nigerian Man Sentenced to Over 11 Years in Federal Prison for Conspiring to Launder Tens of Millions of Dollars from Online Scams.

US Department of Justice, Indian National Charged in $8 Million COVID-19 Relief Fraud Scheme.

US Department of Justice, Cary Man Pleads Guilty in Multi-Million COVID-19 Fraud Scheme.