Financial Crime Weekly Episode 64

Hello, and welcome to episode 64 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been a quiet week this week which, to be frank, I’m glad about given other things I’ve had on my plate this week. There has been an increase in the amount of sanctions activity, a decent range of money laundering news, and the usual range of other bits and pieces, as well as 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:

Companies House, Guidance – Register of Overseas Entities: approach to enforcement.

Council of the European Union, Russia’s war of aggression against Ukraine: EU adopts 11th package of economic and individual sanctions.

Council of the European Union, States need to improve criminal asset recovery in combatting money laundering, says MONEYVAL Committee.

European Commission, EU adopts 11th package of sanctions against Russia for its continued illegal war against Ukraine.

European Union Agency for Criminal Justice Cooperation, Eurojust organises first expert meeting on Money Laundering and Asset Recovery.

Financial Action Task Force, Jurisdictions under Increased Monitoring - 23 June 2023.

Financial Action Task Force, Outcomes FATF Plenary, 21-23 June 2023.

Financial Conduct Authority, Consumer warning on Blockchain Access UK Ltd.

Financial Conduct Authority, Consumer warning on Promethean Finance Limited.

His Majesty’s Revenue and Customs, Code of Practice 9: where HMRC suspects fraud (COP9).

HM Inspectorate of Constabulary and Fire and Rescue Services, Vetting and Anti-corruption Part 1: How effective is the National Crime Agency at dealing with corruption?

National Cyber Security Centre, Threats and key takeaways for the legal sector.

National Cyber Security Centre, Cyber Threat Report: UK Legal Sector.

Office of Financial Sanctions Implementation, The Democratic Republic of the Congo notice.

Office of Financial Sanctions Implementation, The Syria notice.

Office of Financial Sanctions Implementation, Guidance: Who is subject to financial sanctions in the UK?

Office of Financial Sanctions Implementation, Guidance: The UK Sanctions List.

Office of Financial Sanctions Implementation, Guidance: General Licences.

Rahman Ravelli, Economic Crime and Corporate Transparency Bill 2023 – the potential impact on corporates and other stakeholders (sign up).

Serious Fraud Office and Financial Conduct Authority, Principles of Co-operation between the Serious Fraud Office and the Financial Conduct Authority.

UK Legislation, The Russia (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2023 SI No. 665.