Financial Crime Weekly Episode 47

Hello, and welcome to this week in financial crime. I’m your host, Chris Kirkbride. It’s been a relatively quiet week this week, with a little on sanctions and fraud, as well as a curious money laundering story. We’ll also round-up this week’s cyber-attack news, so let’s make a start.

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

Alexander Dyck, Adair Morse & Luigi Zingales, How pervasive is corporate fraud?

AUSTRAC, AUSTRAC cements partnership with United Kingdom to intensify fight against financial crime.

Capital Markets Institute, How Pervasive is Corporate Fraud? It’s More Common Than You Might Think.

Council of the European Union, Myanmar/Burma: EU imposes sixth round of sanctions against 9 individuals and 7 entities.

Crown Prosecution Service, Three city workers sentenced in a $8.45m hedge and wealth fund fraud.

Financial Action Task Force, Outcomes FATF Plenary, 22-24 February 2023.

Financial Action Task Force, Statement on the Russian Federation.

Financial Conduct Authority, Armchair detective investors take inspiration from Sherlock Holmes to foil investment scams.

National Crime Agency, City fund managers sentenced to 12 years for $8m fraud.

National Cyber Security Centre, Threat Report 24th February 2023.

The White House, FACT SHEET: On One Year Anniversary of Russia’s Invasion of Ukraine, Biden Administration Announces Actions to Support Ukraine and Hold Russia Accountable.

UK Office of Financial Sanctions Implementation, Consolidated List of Financial Sanctions Targets in the UK: Russia.

UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia.

UK Office of Financial Sanctions Implementation, Understanding OFSI: An Introductory Webinar.

US Department of Justice, Fraud Section Year in Review 2022.

US Department of the Treasury, Remarks by Deputy Secretary of the Treasury Wally Adeyemo on International Sanctions Against Russia.

World Economic Forum, Cyber scams are exploiting Türkiye-Syria earthquake relief efforts.