Financial Crime Weekly Episode 53

Hello, and welcome to episode 53 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been another bumper week for financial crime this week, so my hopes that there would be an ease down in work were short-lived. Lots of news on everything, except for sanctions, with a round-up of cyber-attack news at the end.

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

BBC, ChatGPT: Mayor starts legal bid over false bribery claim.

Clyde & Co, Directors' and Officers' Liability Survey 2023.

European Central Bank, Money laundering must be tackled at European level.

European Data Protection Board, EDPB adopted letter to EU institutions on data sharing for AML/CFT purposes (press release).

European Data Protection Board, EDPB letter to the European Parliament, the Council, and the European Commission on data sharing for AML-CFT purposes in light of the Council’s mandate for negotiations.

Gambling Commission, Gambling business TGP Europe fined £316,250 (press release).

Gambling Commission, Notice of Regulatory Sanction (TGP Europe Limited).

National Cyber Security Centre, 3CX DesktopApp security issue.

National Cyber Security Centre, Free Cyber Action Plan.

National Cyber Security Centre, Check your cyber security.

UK Financial Conduct Authority, FCA and ASA team up with Sharon Gaffka to warn fin-fluencers of risks of promoting illegal ‘get rich quick’ schemes (press release).

UK Financial Conduct Authority, FCA and ASA team up to warn finfluencers of risks of promoting illegal ‘get rich quick’ schemes (infographic).

UK Financial Conduct Authority, Business Plan 2023/24.

UK Financial Conduct Authority, Three individuals convicted and sentenced to a combined 24 and a half years for 'all-or-nothing’ investment fraud.

UK Food Standards Agency, CEO Statement on meat fraud investigation.

UK Food Standards Agency, Chief Executive’s message to stakeholders – Our meat fraud investigation.

UK Ministry of Justice, Scammers using Ministry of Justice telephone numbers.

UK Ministry of Justice, Fraud and scams (Legacy link).

UK National Crime Agency, Money laundering couple caught smuggling criminal cash during lockdown.

UK Office of Financial Sanctions Implementation, Financial sanctions, Cyber.

UK Office of Financial Sanctions Implementation, Financial sanctions, Russia.

UK Serious Fraud Office, SFO secures sentences totalling over 13 years for executives behind $500m bank fraud.

US Department of Justice, Boston Man Convicted of Money Laundering Conspiracy.

US Department of Justice, Former Start-Up CEO Charged In $175 Million Fraud.

US Department of Justice, Man Pleads Guilty to $3.1M Medicare Fraud Scheme.

US Department of Justice, Texas Laboratory Agrees to Pay $5.9 Million to Settle Allegations of Kickbacks to Third Party Marketers and Unnecessary Drug Tests.

US Department of the Treasury’s Office of Foreign Assets Control, Treasury Sanctions Facilitator for Attempted Arms Deals Between North Korea and Russia.