Financial Crime Weekly Episode 84

Hello, and welcome to episode 84 of the Financial Crime Weekly Podcast, I’m Chris Kirkbride. It has been a bumper week for financial crime news again this week. Stories across every aspect of financial crime, so let’s crack on. As usual, I have linked the main stories flagged in the podcast in the description. These are:

Basel Committee on Banking Supervision, Basel Committee

publishes discussion paper on digital fraud (press release).

Basel Committee on Banking Supervision, Digital fraud and

banking: supervisory and financial stability implications (Report).

British Continuity Institute, Cyber attacks and

severe weather events dominate resilience experts’ risk landscapes for 2024.

City of London Police, City of London

Police marks International Fraud Awareness Week by celebrating force’s top

achievements of 2023.

City of London Police, Ten arrested in

police crackdown on commercial insurance fraud.

Financial Action Task Force, Protecting

non-profits from abuse for terrorist financing through the risk-based

implementation of revised FATF Recommendation 8.

Financial Conduct Authority, Final Notice: Mark

Anthony Jensen.

Google Cloud, Cybersecurity

Forecast 2024: Insights for future planning.

Government Accountability Office, COVID-19: Insights from Fraud Schemes and

Federal Response Efforts.

Human Rights First, Report Assesses

Impacts Of Magnitsky Sanctions (press release).

Human Rights First, Magnitsky Month

2023: Launch Event.

Human Rights First, et al., Evaluating

Targeted Sanctions: A Flexible Framework for Impact Analysis November 2023.

Metro Bank, Financial

Statement.

National Crime Agency, SARs Reporter

Booklet: November 2023.

National Cyber Security Centre, NCSC warns of

enduring and significant threat to UK's critical infrastructure.

National Cyber Security Centre, Annual Review 2023.

Office of Financial Sanctions Implementation, General Licence –

London Court of International Arbitration (LCIA) Arbitration Costs

INT/2022/1552576.

Office of Financial Sanctions Implementation, Details of General

Licences issued by OFSI.

Office of Financial Sanctions Implementation, OFSI General

Licence - INT/2023/3749168.

Office of Financial Sanctions Implementation, Financial

Sanctions Notice: Counter-Terrorism (International).

Office of Financial Sanctions Implementation, Guidance: The UK

Sanctions List.

Office of Financial Sanctions Implementation, UK and US hit

Hamas leadership with targeted sanctions.

Office of Financial Sanctions Implementation, Financial

Sanctions Notice: Russia.

Office of Financial Sanctions Implementation, Financial

Sanctions Notice: Iran (Nuclear).

Office of Financial Sanctions Implementation, One Year On: The

OFAC-OFSI Enhanced Partnership.

Office of Financial Sanctions Implementation, Financial

Sanctions Notice: ISIL (Da’esh) and Al-Qaida.

Office of Financial Sanctions Implementation, Ownership and

Control: Public Officials and Control guidance.

Office of Foreign Assets Control, Treasury Sanctions

Additional Maritime Companies, Vessels Transporting Oil Sold Above the

Coalition Price Cap.

Public Sector Fraud Authority, Public Sector

Fraud Authority Annual Report 2022-2023.

Serious Fraud Office, Serious Fraud

Office launches investigation into suspected fraud at Axiom Ince with nine

raids and seven arrests.

Serious Fraud Office, SFO secures

conviction of solicitor for tipping off client about money laundering

investigation.

TRACE, Bribery Risk Matrix.

Transparency International, Toward

Transparency in Britain's Offshore Financial Centres.

UK Legislation, section 214, Economic

Crime and Corporate Transparency Act 2023.

UK Legislation, The Economic Crime

and Corporate Transparency Act 2023 (Commencement No. 1) Regulations 2023 No.

1206.

US Department of Justice, Three Miami

residents charged with COVID-19 pandemic relief fraud.

US Department of Justice, Three Construction

Planning Firm Executives Charged with Bribing San Francisco Dept. of Building

Inspection Employees.

US Department of Justice, Former Navy

Civilian Employee and Defense Contractor Indicted in Bribery Scheme.

US Department of Justice, Three Men Arrested

For Complex Bank Fraud And Cryptocurrency Laundering Scheme.

US Department of Justice, Criminal Defense

Attorney Pleads Guilty to Decade-Long Federal Court Bribery Scheme.

US Department of State, Countering

Corruption and Russian Malign Influence in the Western Balkans.

US Department of the Treasury, United States and

United Kingdom Take Coordinated Action Against Hamas Leaders and Financiers.

US Department of the Treasury, One Year On: The

OFAC-OFSI Enhanced Partnership.

US Securities and Exchange Commission, SEC Announces Enforcement Results

for Fiscal Year 2023.