Season 5, Episode 6: All things financial crime

In the fifth episode of season 6 of the Compliance Clarified podcast, Susannah Hammond is joined by Rachel Wolcott and Brett Wolf to look at the compliance challenges posed by financial crime in general and sanctions in particular.

Links to content referenced in the discussion:

European Banking Authority new guidelines for MLROs which come into effect on December 1 2022

https://www.eba.europa.eu/sites/default/documents/files/document_library/Publications/Guidelines/2022/EBA-GL-2022-05%20GLs%20on%20AML%20compliance%20officers/1035126/Guidelines%20on%20AMLCFT%20compliance%20officers.pdf

MEPs present plans to crack down on financial crime with new Anti-Money Laundering Authority

https://www.europarl.europa.eu/news/en/press-room/20220613IPR32836/meps-present-plans-for-new-anti-money-laundering-authority

ACAMS Ukraine crisis hub

https://www.acams.org/en/ukraine-crisis-rapid-response-resources#rapid-response-briefs-6c1b6814

https://www.moneylaundering.com/news/hunt-for-russian-wealth-exposes-eus-sanctions-shortcomings/

'Reputation launderers,' disinformation campaigns hinder sanctions and financial crime compliance efforts

https://www.jdsupra.com/legalnews/reputation-launderers-disinformation-8673225/

Amendments to the Money Laundering, Terrorist Financing and Transfer of funds (information on the payer) regulations 2018 statutory instrument 2022, response to the consultation

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1082704/MLRs_SI_2022_-_Consultation_Response.pdf

New Office of Financial Sanctions Implementation (OFSI) penalty guidance

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1081195/OFSI_Enforcement_guidance_June_2022.pdf

Putin's People by Catherine Belton

https://www.theatlantic.com/magazine/archive/2020/09/catherine-belton-putins-people/614212/

Lazarus Heist: North Korean hacks

https://www.bbc.co.uk/programmes/w13xtvg9/episodes/downloads

Superyachts:

https://news.sky.com/story/pr-stunt-captain-of-38m-superyacht-seized-in-london-says-govt-has-got-the-wrong-guy-12634728

U.S. Treasury defines ‘new investments’

https://www.linkedin.com/posts/amlwolf_treasury-defines-new-investment-activity-6942883691002019840-Alqm?utm_source=linkedin_share&utm_medium=ios_app

The survey for the TRRI annual fintech, regtech and the role of compliance report – if you would like to take part in that please click the below link

https://reuters.az1.qualtrics.com/jfe/form/SV_9HckOjpJJTOp3EO

Further information on Thomson Reuters Regulatory Intelligence can be found at:

https://legal.thomsonreuters.com/en/products/regulatory-intelligence?elqTrackId=73370082102a4669b4d34524158b501c&elqaid=3945&elqat=2