Financial Crime Weekly Episode 41

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. The world of financial crime gets a bit busier this week as 2023 starts to warm up. A good range of fraud stories, with a lot from the UK National Cyber Security Centre, including some interesting free events to attend. The UK Financial Conduct Authority has also been busy too. Let’s just get on with it.

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

Companies House, Register of Overseas Entities Reminder Letter.

Companies House, Disposing of UK property as an overseas entity.

Council of Europe, Criminal Law Convention on Corruption.

Financial Action Task Force, Consolidated Assessment Ratings.

Financial Conduct Authority, Final Notice: Guaranty Trust Bank (UK) Ltd.

Financial Conduct Authority, FCA fines Guaranty Trust Bank (UK) Limited £7.6million for further failures in its anti-money laundering systems and controls.

Financial Conduct Authority, Final Notice: Al Rayan Bank plc.

Financial Conduct Authority, FCA penalises Al Rayan Bank PLC for anti-money laundering failures.

Financial Conduct Authority, Letter to wholesale brokers.

Financial Conduct Authority, Market Watch 62.

Financial Conduct Authority, Market Watch 69.

Financial Conduct Authority, 2023 Fines.

Insolvency Service, Coventry artist hit with 7-year ban for abusing Bounce Back Loan.

National Cyber Security Centre, NCSC Digital Loft: Updating the Cyber Essentials technical requirements for 2023.

National Cyber Security Centre, NCSC Digital Loft: Incident Management & the cyber threat from Russia.

National Cyber Security Centre, Threat Report 13th January 2023.

Office for Professional Body Anti‑Money Laundering Supervision (OPBAS), Sourcebook for professional body anti‑money laundering supervisors.

Spotlight on Corruption, From Serious Farce to Serious Force – 4 priorities for beefing up the Serious Fraud Office in 2023.

Spotlight on Corruption, Tribunal’s Covid loan scheme ruling should not let the government off the hook.