Financial Crime Weekly Episode 68

Hello, and welcome to episode 68 of the Financial Crime Weekly Podcast, I’m your host, Chris Kirkbride. It’s been quite a quiet week this week, with sanctions taking centre stage. However, there is the usual mix of fraud, money laundering, and bribery, together wth a round-up of the 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 the European Union, Iran: EU adopts new restrictive measures for military support to Syria and Russia's war of aggression against Ukraine.

Council of the European Union, Myanmar/Burma: EU imposes seventh round of sanctions against six individuals and one entity.

Department for Business and Trade and the Export Control Joint Unit, UK strategic export controls annual report 2022.

Department of Justice, Long Island Man Pleads Guilty to Massive COVID-19 Loan Fraud.

Department of Justice, Four Capital Region Men Charged with Pandemic Fraud Scheme.

Department of State, Imposing Additional Sanctions on Those Supporting Russia’s War Against Ukraine (Fact Sheet).

European Securities and Markets Authority, Report on Suspicious Transactions and Order Reports.

Federal Reserve, Federal Reserve Board announces two enforcement actions against Deutsche Bank AG, its New York branch, and other U.S. affiliates.

Financial Conduct Authority, Listing Transactions – Russia and Belarus sanctions confirmation.

Financial Conduct Authority, Market cleanliness statistics 2022/23.

Foreign, Commonwealth and Development Office, UK sanctions Wagner Group leaders and front companies responsible for violence and instability across Africa (Press Release).

Gambling Commission, Done Bros (Cash Betting) Limited to pay £3.25m for regulatory failures (Press Release).

Gambling Commission, Done Bros (Cash Betting) Limited Public Statement.

His Majesty’s Revenue and Customs, Dealing with promoters of tax avoidance.

National Crime Agency, National Strategic Assessment of Serious and Organised Crime 2023.

Office of Foreign Assets Control, Treasury Sanctions Impede Russian Access to Battlefield Supplies and Target Revenue Generators.

Office of Foreign Assets Control, Treasury Sanctions Drug Traffickers Operating Across Europe and North America.

Serious Fraud Office, SFO seizes Sheffield flat linked to £17 million bribery in China.

Serious Fraud Office, Annual Report and Accounts 2022/23.

The Guardian, Half of UK company directors struck off linked to alleged Covid loan fraud.

Transparency International, Ukraine: Reflections on Building a Transparent & Accountable Nation.

UK government, UK announces new sanctions in response to Russia’s forced deportation of Ukrainian children.