Financial Crime Weekly Episode 79

Hello, and welcome to episode 79 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. Sanctions and fraud news take our focus this week, but the other areas of financial crime keep those areas ticking along nicely. We also take a look at this week’s cyber-attack news.

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

Criminal Cases Review Commission, Financial trader’s conviction referred to Court of Appeal.

Crown Prosecution Service, Bernie Ecclestone convicted of fraud.

Financial Conduct Authority, Cryptoasset AML / CTF regime: feedback on good and poor quality applications.

Financial Conduct Authority, Whistleblowing quarterly data 2023 Q2.

Financial Conduct Authority, Financial watchdog fines Equifax Ltd £11 million for role in one of the largest cyber-security breaches in history.

Financial Conduct Authority, Final Notice: Equifax Ltd.

Financial Conduct Authority, Restrictions placed on IBP Markets Limited and the firm enters special administration.

Financial Conduct Authority, First Supervisory Notice: IBP Markets Limited.

Financial Reporting Council, Sanctions against KPMG LLP, KPMG Audit plc and two former partners.

Hiscox, Cyber Readiness Report 2023.

Home Office, Independent Review of Disclosure and Fraud Offences: terms of reference.

Institute of Chartered Accountants in England and Wales, The 21st-century evolution of cyber security.

National Cyber Security Centre, Mastering your supply chain (blog post).

New Zealand Supreme Court, David Charles Rae v Commissioner of New Zealand Police - SC 33/2023.

Office of Financial Sanctions Implementation, General licence - INT/2023/3024200.

Office of Financial Sanctions Implementation, General Licence INT/2022/2300292.

Ogier, Employee Cyber Awareness Still A Major Concern - Make Sure Your Team Is On The Ball.

Payment Systems Regulator, PSR responds to Which?, Age UK, National Trading Standards and Victim Support.

UK Court Service, Boris Mints & Ors v PJSC National Bank Trust & Anor [2023] EWCA Civ 1132.

US Bureau of Justice Statistics, Victims of Identity Theft, 2021.

US Department of Justice, Deputy Attorney General Lisa O. Monaco Announces New Safe Harbor Policy for Voluntary Self-Disclosures Made in Connection with Mergers and Acquisitions.

US Department of Justice, Acting Assistant Attorney General Nicole M. Argentieri Delivers Remarks at the American Bar Association 10th Annual London White Collar Crime Institute.

US Department of Justice, Ten Individuals Charged for $950,000 COVID-19 Relief Fraud Schemes.

US Department of Justice, Man Sentenced for Over $500,000 COVID-19 Relief Fraud and Money Laundering Scheme.

US Department of the Treasury’s Office of Foreign Assets Control, Treasury Sanctions Entities for Transporting Oil Sold Above the Coalition Price Cap to Restrict Russia’s War Machine.

War & Sanctions, Artworks owned by Roman Abramovich.