Financial Crime Weekly Episode 62

Hello, and welcome to episode 62 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a reasonably quiet week this week. A bit of news across the main financial crime areas, with the usual round-up of cyber-attack news. Let’s crack on.

As usual, I have linked the main stories flagged in the podcast in the description. These are:

Council of Europe, Hungary: anti-corruption group calls for measures to prevent corruption in central government and law enforcement (press release).

Council of Europe, FIFTH EVALUATION ROUND: Preventing corruption and promoting integrity in central governments (top executive functions) and law enforcement agencies, Evaluation Report, Hungary.

Council of the European Union, EU sanctions: Council finalises position on law that aligns penalties for violations.

DNV, Maritime Cyber Priority 2023.

European Parliament, Trilogue agreement on rules to make searching financial records easier.

Europol, One of Europe’s Biggest Underground Bankers Arrested in Greece.

His Majesty’s Revenue and Customs, Businesses that have not complied with the regulations (2021 to 2022).

INTERPOL and the United Nations Interregional Crime and Justice Research Institute, AI Toolkit provides strategic and practical guidance for police executives and officers.

Telefonica, What is a cyber-attack, what types are there and what is it used for?

UK Government, New UK sanctions legislation allows the government to target Belarus exports, internet propaganda, and crack down on circumvention (press release).

UK Government. Statutory guidance: Republic of Belarus sanctions: guidance (updated 9^th June 2023).

UK Legislation, The Republic of Belarus (Sanctions) (EU Exit) (Amendment) Regulations 2023 SI No. 616.

UK National Cyber Security Centre, MOVEit vulnerability and Zellis data extortion incident.

UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: ISIL (Da’esh) and Al-Qaida (05/06/2023) (Entry amendment).

UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: ISIL (Da’esh) and Al-Qaida (06/06/2023) (Entries removed).

UK Office of Financial Sanctions Implementation, Guidance: The UK Sanctions List (Updated: 06/06/2023).

UK Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK? (Updated 07/06/2023).

UK Office of Financial Sanctions Implementation, General Licence: London Court of International Arbitration (LCIA) Arbitration Costs (INT/2022/1552576).

UK Office of Financial Sanctions Implementation, General Licence: Transactions related to agricultural commodities including the provision of insurance and other services (INT/2022/2349952).

UK Parliament, House of Commons, Committee of Public Accounts: Seventh Annual Report of the Chair of the Committee of Public Accounts.

US Department of the Treasury, Office of Foreign Assets Control, Treasury Sanctions Russian Intelligence-Linked Malign Influence Actors Targeting Moldova (press release).

US Department of the Treasury, Office of Foreign Assets Control, Counter Terrorism Designations; Iran-related Designations Updates; Non-Proliferation Designation Update.