Financial Crime Weekly Episode 52

Hello, and welcome to episode 52 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a bumper week for financial crime this week, with big stories on fraud, money laundering, and especially bribery and anti-corruption. However, this week’s big news in the UK – the publication by HMG of Economic Crime Plan 2 will be the subject of a podcast special coming up mid-week, so look out for that. Let’s make a start on this week’s still bumper edition.

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

European Bank for Reconstruction and Development, EBRD and ACAMS step up anti-financial crime training in North Africa and Middle East.

European Banking Authority, EBA consults on amendments to Guidelines on risk-based AML/CFT supervision to include crypto-asset service providers.

European Parliament, New EU measures against money laundering and terrorist financing.

European Union Agency for Cybersecurity, Cybersecurity market analysis of the cloud and an updated version of the cybersecurity market analysis framework.

Financial Accountability and Corporate Transparency Coalition, Anti-Corruption Advocates Urge Treasury to Appoint a Permanent Director to Lead the Nation’s Financial Crime Fighters (press release).

Financial Accountability and Corporate Transparency Coalition, Permanent Leadership of the Financial Crimes Enforcement Network (FinCEN).

Financial Crimes Enforcement Network (FinCEN), FinCEN Issues Initial Beneficial Ownership Information Reporting Guidance (press release).

Financial Crimes Enforcement Network (FinCEN), Beneficial Ownership Information Reporting.

Gambling Commission, William Hill Group businesses to pay record £19.2m for failures (press release).

Gambling Commission, WHG (International) Limited Public Statement.

Gambling Commission, Mr Green Limited Public Statement.

Gambling Commission, William Hill Organization Limited Public Statement.

Transparency International, Summit for democracy: opportunity for governments to recommit to anti-corruption.

Transparency International and Others, Cohort on International Cooperation for Anti-Corruption.

UK Government, Government sets out strategy to protect NHS from cyber-attacks (press release).

UK Government, Policy paper: Cyber security strategy for health and social care: 2023 to 2030.

UK Government, OFSI General Licence INT/2023/2824812.

US Department of Justice, CEO of Titanium Blockchain Sentenced for $21M Cryptocurrency Fraud Scheme.

US Department of Justice, Justice Department Recovers Over $53M in Profits Obtained from Corruption in the Nigerian Oil Industry.

US Department of Justice, Former Puerto Rico Mayor Convicted of Accepting Bribes.

US Department of Justice, Correctional Officer Pleads Guilty to Receiving Bribes for Smuggling Drugs into D.C. Jail.

US Department of Justice, Former Law Firm Partner Arrested For Bankruptcy Fraud.

US Department of State, United States Imposes Sanctions on Iranian Military Procurement Network.

US Department of State, Summit for Democracy 2023.

US Department of State, Summit for Democracy Commitment on Beneficial Ownership and Misuse of Legal Persons.

US Department of the Treasury, Treasury Continues to Sanction Procurement Networks for Iran’s UAV and Weapons Programs.

US Department of the Treasury, Treasury Targets Belarusian State-Owned Enterprises, Government Officials, and Lukashenka’s Aircraft.

US Department of the Treasury, Treasury Sanctions Syrian Regime and Lebanese Actors Involved in Illicit Drug Production and Trafficking.

US Department of the Treasury, Remarks by Secretary Janet L. Yellen on Anti-Corruption as a Cornerstone of a Fair, Accountable, and Democratic Economy at the Summit for Democracy.

US Securities and Exchange Commission, SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations.