Financial Crime Weekly Episode 66

Hello, and welcome to episode 66 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been one hell of a busy week this week, where fraud and money laundering take centre stage, and we also round-up the cyber-attack news appearing across various outlets. Let’s crack on.

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

Attorney-General’s Office, New SFO Director announced.

Clyde & Co, A new fight? - APRA imposes first capital requirements for a cyber attack.

Commodity Futures Trading Commission, Federal Court Orders Two Delaware Companies to Pay Nearly $146 Million for Misappropriation and Fraud Related to a Precious Metals Scheme.

Criminal Cases Review Commission, Financial trader Tom Hayes’ convictions referred following complex CCRC review.

Crown Prosecution Service, COVID-19 fraudster sentenced for laundering nearly £200k from taxpayers.

European Public Prosecutor’s Office, EPPO signs working arrangement with National Anti-Corruption Bureau of Ukraine (press release).

European Public Prosecutor’s Office, Working Agreement between European Public Prosecutor’s Office (‘EPPO’) and the National Anti-Corruption Bureau of Ukraine.

Financial Action Task Force, Public Consultation on the Revision of Recommendation 8 and its Interpretive Note.

Financial Action Task Force, Public Consultation on the FATF Best Practice Paper to Combat the Abuse of Non Profit Organisations.

Financial Action Task Force, Consolidated assessment ratings (updated).

HM Treasury, Reforming anti-money laundering and counter-terrorism financing supervision (Consultation).

HM Treasury, Reform of the Anti-Money Laundering and Counter-Terrorism Financing Supervisory Regime Consultation (Document).

National Crime Agency, SARs Digital Newsletter (June 2023).

National Cyber Security Centre, Support from British businesses crucial in removing over 235,000 scams, new figures reveal.

National Cyber Security Centre, Sixth Annual Active Cyber Defence Report.

Office of Financial Sanctions Implementation, Financial Sanctions Notice: Democratic People’s Republic of Korea.

Office of Financial Sanctions Implementation, Guidance: Financial sanctions, Democratic People’s Republic of Korea.

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, General Licence: Humanitarian Activity (Syria) INT/2023/2711256.

Office of Financial Sanctions Implementation, OFSI General Licences (updated 4^th July 2023).

Office of Financial Sanctions Implementation, Guidance: Complying with professional and business services sanctions related to Russia.

Office of Financial Sanctions Implementation, Statutory guidance – Russia sanctions: guidance.

Office of Financial Sanctions Implementation, Financial Sanctions Notice: Iran (Human Rights) (06/07/23).

Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (06/07/23).

Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (07/07/23).

Public Accounts Committee, Department for Business, Energy & Industrial Strategy Annual Report and Accounts 2021–22: Forty-Fifth Report of Session 2022–23.

Public Accounts Committee, Forty-fifth Report of Session 2022-23: Department for Business, Energy & Industrial Strategy Annual Report and Accounts 2021-22 (Government Response).

R v Hayes [2018] EWCA Crim 682 (28 March 2018).

Transparency International, Report: More Than Two-Thirds Of Corporate-Owned Real Estate In France Is Anonymously Held.

Transparency International, Behind A Wall: Investigating Company And Real Estate Ownership In France (Report).

UK Parliament (House of Commons Library), Research Briefing: Sanctions Against Russia.

US Department of Justice, Chicago Man Convicted of $2.7 Million COVID-Relief Fraud.