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Welcome to the Financial Crime UK Weekly podcast. I’m Chris Kirkbride and I lecture law.
This is an introductory podcast to give you a guide as to the sort of things which we will be looking at on this podcast in the first week of every month. However, there will be specials and additional podcasts out of this sequence if something happens which is significant and deserves a special episode.
So, what are the sort of things we’ll be talking about? Well, we will cover news, events, legal developments, and anything else that relates to financial crime, in the UK – obviously, because that is in the podcast title – but also in other jurisdictions. No man is an island and financial crime certainly does not respect national borders.
Broadly, the coverage will be all aspects of:
Fraud | Bribery | Market abuse and insider dealing | Money laundering and terrorist financing | Data and information theft | Cybercrime (phishing / smishing) and the challenges generated by fintech in terms of finance crime threats.
While these might be financial crimes, strictly speaking, but that is not all. It is necessary to reflect on the responses to financial crime which the state adopts. While this is less about fines and imprisonment, we will focus on confiscation and recovery schemes, sanctions imposed on those who have committed financial crimes, together with arrangements designed to allow the offender to avoid/defer prosecution, namely, deferred prosecution agreements.
Consideration will also be given to the regulatory architecture of financial crime, both domestic and international – as stated, financial crime does not respect borders – together with regulatory enforcement and aspects of the compliance industry – the industry which helps commercial entities stay on the right side of the law.
Finally, and this is a particular interest of mine, but I am fascinated by the interface between criminal and civil law where the facts of an event could lead to prosecution or civil action. Consequently, while this is a financial crime podcast, we will also consider those situations where the civil law might bring about a robust response to financial wrongdoing.
So, that’s it from me for now except to say that the podcast is available from the usual places, Google Podcasts, Spotify, iTunes, and others.
Hello, and welcome to episode 117 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. On sanctions this week, designations from the US, and extension of existing sanctions from the EU. On bribery and corruption, the UK Anti-Corruption Coalition has published its post-election agenda, urging the new Labour government to take action across a range of areas. On money laundering, the Financial Conduct Authority has PEPs and their treatment by financial institutions in its sights. There is also a round-up of the cyber-attack news this week.
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As usual, I have linked the main stories flagged in the podcast in the description. These are:
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Council of the European Union, Extremist Israeli settlers in the occupied West Bank and East Jerusalem, as well as violent activists, blocking humanitarian aid to Gaza: five individuals and three entities sanctioned under the EU Global Human Rights Sanctions Regime.
Council of the European Union, Iran: Council prolongs EU restrictive measures in view of Iran’s military support for Russia’s war of aggression against Ukraine and for armed groups and entities in the Middle East and the Red Sea region.
Financial Conduct Authority, FCA calls on firms to improve treatment of politically exposed persons (PEPs).
Financial Conduct Authority, Review: The treatment of politically exposed persons.
Financial Conduct Authority, GC24/4: Proposed amendments to Guidance on the treatment of politically exposed persons.
Financial Conduct Authority, Court sets dates for ‘finfluencer’ trials.
Financial Conduct Authority, Three charged over CFD trading pension fraud.
National Cyber Security Centre, Cyber Essentials 'Pathways': From experiment to proof of concept.
Office of Financial Sanctions Implementation, Guidance: UK Financial Sanctions FAQs.
Office of Foreign Assets Control, Treasury Maintains Pressure on Houthi Illicit Shipping and Finance Schemes.
Royal United Services Institute, Sanctions and the Next Financial Crisis.
UK Anti-Corruption Coalition, Time to ramp up the fight against corruption.
UK House of Commons Library, Sanctions against countries supporting Russia’s invasion of Ukraine.
US Department of Justice, Two Foreign Nationals Plead Guilty to Participating in LockBit Ransomware Group.
US Department of State, United States Imposes Sanctions Targeting Iran’s Chemical Weapons Research and Development.
US Department of the Treasury, Treasury and the Financial Services Sector Coordinating Council Publish New Resources on Effective Practices for Secure Cloud Adoption.
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