Financial Crime Weekly Episode 34

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. Another busy week this week. It’s mainly fraud and money laundering which dominates the stories this week, but there are some other bits and pieces just to keep it from getting boring.

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

Chartered Trading Standards Institute (CTSI), CTSI urges shoppers to be careful what they bargain for this Black Friday.

Counter-fraud initiative, Take Five to Stop Fraud.

European Banking Authority, EBA publishes guidelines on remote customer onboarding.

Interpol, Cyber-enabled financial crime: USD 130 million intercepted in global INTERPOL police operation.

JD Supra, Supreme Court To Consider the Boundaries of Bribery.

Metropolitan Police, More than 100 arrests in UK's biggest ever fraud operation.

UK Government, UK ban on Russian oil an oil products.

UK Government, Security Minister welcomes new support for fraud victims.

UK Insolvency Service, Retailers disqualified after abusing covid loans.

UK Insolvency Service, Hebburn engineering boss banned for Bounce Back Loan abuse.

UK Insolvency Service, Southampton nursing agency boss given 11-year ban for abuse of Bounce Back Loan scheme.

UK Insolvency Service, Essex property developer banned for falsely claiming Bounce Back Loan.

US Department of Justice, Four Defendants Indicted for Securities Fraud, Conducting International Pump-and-Dump Scheme, and Money Laundering.